Big Changes for
U.S. Savings Bonds!
Paper savings bonds will not be sold through financial institutions or mail order after December 31, 2011. You can buy electronic savings bonds online through TreasuryDirect: www.treasurydirect.gov.
Source: U.S. Department of the Treasury, Bureau of the Public Debt
The U.S. Department of the Treasury ended over-the-counter sales of paper savings bonds on December 31, 2011, including sales through financial institutions and applications mailed directly to the Federal Reserve Bank by customers. This move is expected to save taxpayers an estimated $70 million over the next five years.
Although paper bonds are being discontinued, electronic Series EE and Series I Savings Bonds will remain available for purchase via TreasuryDirect. This secure, web-based system, operated by the Bureau of the Public Debt, has been used by investors since 2002 to purchase savings bonds online.
You can purchase, manage and redeem electronic savings bonds online through www.treasurydirect.gov. Electronic savings bonds are secure and convenient to manage through TreasuryDirect, and investors no longer have to worry about misplacing, losing or storing savings bonds. In addition, with a TreasuryDirect account, customers can purchase electronic savings bonds as gifts and also convert paper savings bonds to electronic.
However, Peoples State Bank of Bloomer CAN continue to redeem paper bonds. Paper bonds that have not yet matured but are lost, stolen or destroyed can be reissued in paper or electronic form.
If you have questions, please contact us at (715) 568-1100 or use the Contact Us form online.
IMPORTANT DISCLOSURE REGARDING DEPOSIT INSURANCE ON NONINTEREST-BEARING TRANSACTION ACCOUNTS:
