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In 2002, the Treasury Department started changing the savings bond program by lowering interest rates and closing its marketing offices. [2] As of January 1, 2012, financial institutions no longer sell paper savings bonds. [3] That year, the Department of the Treasury's Bureau of the Public Debt made savings bonds available for purchasing and ...
Promoting Redemption of Savings Bonds 85 FR 83745 2020-28606 [463] [464] 205 13969: Expanding Educational Opportunity Through School Choice December 28, 2020 January 4, 2021 86 FR 219 2020-29235 [465] [466] 206 13970: Adjustments of Certain Rates of Pay [bv] December 31, 2020 January 6, 2021 86 FR 421 2021-00040 [467] [324] [bw]
Unlike Treasury Bonds, they are not marketable, being redeemable only by the original purchaser (or beneficiary in case of death). They remained popular after the end of WWII, often used for personal savings and given as gifts. In 2002, the Treasury Department started changing the savings bond program by lowering interest rates and closing its ...
U.S. savings bonds are a low-risk investment product backed by the U.S. government. Used by generations of Americans to generate a stable return on cash savings, savings bonds are purchased ...
The cash value of the bond will be credited to your checking or savings account within two business days of the redemption date. A minimum of $25 is required to redeem an electronic bond.
The value of a paper savings bond can be checked by using the savings bond calculator on the TreasuryDirect website and entering this information found on bond: Issue date Bond series
However, the switch to electronic bonds did not significantly impact overall bond sales, as reported by the Government Accountability Office in 2015: "the decline in savings bond purchases after Treasury discontinued the sale of paper savings bonds in January 2012 was consistent with the overall long-term decline in savings bond purchases". [1 ...
Losing a savings bond doesn’t mean the money paid for it or the interest earned on it is lost. As long as you’re able to provide some necessary information, the Treasury can help locate it ...