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Treasury Phasing Out Paper Savings Bonds

Monday, October 18, 2010 - 8:02 AM
From the Pittsburgh Post-Gazette:
As of Jan. 1, the U.S. Department of Treasury will no longer issue printed savings bonds through the traditional payroll savings bond purchase program.

In the article a Treasury official says the long-term plan is to eliminate issuing paper savings bonds altogether.
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708
1. Monday, November 15, 2010 - 7:01 PM
My bank will be discountinuing the service to buy paper bonds as of Jan. 2011. Has anyone else run into this at other banks? Is anyone even buying savings bonds at these abysmally low rates?
SaveYurMoneySaveYurMoney8 posts since
Nov 14, 2010
Rep Points: 57
2. Wednesday, November 17, 2010 - 12:30 AM
I am not buying savings bonds any longer but am grateful for the few I purchased between 1991 and 1993 as they are all paying much higher rates than current ones. 
pearlbrownpearlbrown1,491 posts since
Nov 2, 2010
Rep Points: 6,486