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- Effective November 1, 1998, The U.S. Treasury Department
began offering a new way to purchase U.S. Savings Bonds. The program is aimed at over 120
million people who do not have a payroll savings plan at work. This will allow individuals
to purchase savings bonds through their checking or savings account on a regular basis.
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- Here’s How It Works
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- 1. You must fill out an enrollment/order
form (This file requires
- the Adobe Acrobat Reader, click here to get it.)
from
the Treasury
- Department authorizing them to charge your bank account for
the
- cost of the bond (Note: It takes approximately four weeks to
- receive confirmation that your account has been activated).
-
- 2. You indicate the dates that you want the debits to occur
out of your
- account (Note: You must indicate a minimum of two dates per
year).
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- 3. Your account will be debited for the price of the bond
(Note: the
- minimum debit is $25.00, Series EE bonds are purchased for
1/2
- of the face value. Series I bonds are purchased for full
face value).
-
- You should receive the bonds in the mail in about two weeks.
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- Exceptions
If there is not enough money in your account to purchase the
- bond on the day that you have indicated, no deduction will
be
- made and no bond will be issued. If on the second date that
- you have indicated on the enrollment form, there is still
not
- enough funds, no deduction will be made, no bond will be
- issued and the EasySaver account will be closed. You will
- receive notification in the mail of the account being
closed.
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Savings Bond
