Starting January 1, 2012 you'll no longer be able to purchase paper savings bonds at banks or credit unions. This CNNMoney.com article
is a good reminder. Paper savings bonds allow you to double the amount of savings bonds you can purchase. So now you can purchase $10,000 of I Bonds ($5,000 via TreasuryDirect and $5,000 paper).
As I described in this post
, you will still be able to buy paper savings bonds in 2012 with your IRS income tax refund. However, Joyce Harris, spokeswoman for the Treasury, warned in the article that we shouldn't expect this to last for too long:
There's one exception, however: you'll still be able to use your tax refund to buy Series I paper savings bonds come 2012. But Joyce said she isn't sure how long that option will be offered.