Just tell your tax preparer you want to buy savings bonds with part or all of your refund if you prepare your own return using tax software, the computer program will guide you if you file a paper return, use form 8888, allocation of refund ( including bond purchases) the instructions explain what you need. Make sure to submit your tax return to the irs in order to collect your type i savings bonds as a refund the general submission date for taxes is april 15 of any calendar year, unless you have filed for an extension remember to include form 8888 with your return. How to buy series i savings bonds for your savings bond portfolio there are four easy ways to buy series i savings bonds for your savings bond portfolio depending upon your own needs and preferences, you can take delivery of physical paper bonds or buy your bonds electronically online. 1, you can no longer purchase us savings bonds at your local bank or credit union not only that, you can't buy paper versions of the bonds — with one exception purchases of us savings bonds must be made through the us treasury's website (the treasury department expects the move to save the. Series ee bonds pay a fixed interest rate, series i bonds earn interest based on the combination of a fixed rate and a semiannual inflation rate both come in denominations as low as $25 though for years you could buy paper savings bonds over-the-counter at financial institutions, the government ended.
As of january 1, 2012, paper savings bonds are no longer sold at financial institutions this action, which supports the us department of the treasury's. The end of paper savings bonds - as of january 1, 2012, we stopped selling paper savings bonds through over-the-counter channels this will save an estimated $70 million over the next five years savings bonds are sold on-line at a different website, treasurydirectgov, which is managed by the bureau. Buying bonds paper savings bonds are no longer sold at financial institutions the us department of treasury now sells electronic savings bonds at http:// wwwtreasurydirectgov/, a secure web-based system operated by the bureau of public debt to get the most benefit from electronic savings bonds you'll need to set-up. An ee savings bond is a us treasury security it earns interest for up to 30 years ee bonds issued since may 2005 earn a fixed rate of interest when you buy the bond, you know the rate of interest it will earn for ee bonds bought program treasurydirect we no longer issue ee bonds in paper form.
That goes down in history as one of the few government programs obama eliminated, laying off several hundred workers in pittsburgh, where the bonds were printed and mailed paper savings bonds were convenient because you could walk into any bank, plunk down cash and buy one you didn't need. Savings bonds are bonds sold by the us treasury the us treasury has issued many different series of savings bonds over the years, but only i bonds and ee bonds are available for purchase today how it works (example): savings bonds come in either paper or electronic form and can be purchased from most. A program that allows employees to purchase us savings bonds, such as the series ee and series i bonds, through payroll deductions money is set aside from each paycheck, and when enough money has accumulated, the company purchases a savings bond on the employee's behalf paper bonds are mailed directly.
You can buy ee savings bonds through banks and other financial institutions, or through the us treasury's treasurydirect website the bonds, which are now issued in the treasury has a savings bond wizard that will calculate the value of your old paper bonds give it a shot you may be pleasantly (or. You can buy them through the treasury-s website or through an employer- sponsored plan you can buy any denomination from $25 and up, with a calendar limit of $10,000 previously, paper savings bonds were purchased at half of face value the bond would be redeemed for full face value at maturity recently, however. You have two options one option is to purchase paper savings bonds from a financial institution the other option is to purchase savings bonds and other treasury notes through the federal government's treasurydirect program to learn about this program and how. They are financed by the us treasury and after the federal reserve receives your payment, they will mail you your savings bond aside from being a good way to supplement education costs or retirement, savings bonds also protect you from the ups and downs of the market and inflation you can purchase them from a.
Treasury department announced that they will discontinue selling paper savings bonds through banks and credit unions effective january 1, 2012 savers and investors, myself included, will lose a convenient purchase channel but they left open a small backdoor if you really want paper savings bonds,. New york (cnnmoney) -- this holiday season is your last chance to stop by the bank and buy a paper savings bond, either for yourself or your loved ones starting jan 1, you'll no longer be able to purchase paper savings bonds at banks or other financial institutions instead, the savings bonds, which.