Buying US Savings Bonds

Last Updated: February 26, 2019 | by Jackie Brahney | reviewed by Jack Quinn

Where can I buy Savings Bonds (Paper or Electronic)?

EFFECTIVE: 1/1/2012 You can no longer purchase paper EE Savings Bonds or I Savings Bonds at a local bank, financial institution or credit union. 

As of 1/1/2012, the Treasury Department started issuing electronic savings bonds only. Note: The Treasury Dept. will still issue paper savings bonds if you are Replacing Lost Bonds or Changing a Beneficiary/Co-Owner Name. See the current savings bond rates for bonds available for purchase.

Does this change stop the sales of all paper bonds?

Once the Treasury Department stopped selling savings bonds through over-the-counter channels, it effectively ended the paper savings bond program, but with one exception. In 2010, a new Tax Time Bond Program was announced allowing tax filers to purchase paper Series I savings bonds with their tax refunds. That option will still be available.


Where can I buy Electronic Savings Bonds?

Since the Treasury Department stopped issuing new paper savings bonds as of 1/1/2012, you have to buy electronic savings bonds through the TreasuryDirect instead. See the current savings bond rates for bonds available for purchase.

What Bond Types are Currently Available for Purchase?

US Savings Bonds currently available for purchase are the EE Savings Bond and the I Savings Bond. Not sure which US Savings Bond is the right choice for you? Read our information on the comparing EE Savings Bonds to I Savings Bonds.

Buying via Payroll Savings Plan

The Payroll Savings Plan, offered by the U.S. Treasury’s Bureau of the Public Debt and administered by the Federal Reserve, provides an employee benefit for any size organization. The Payroll Savings Plan allows employees to purchase Savings Bonds in ranging denominations for Series I bonds and Series EE bonds. The program can complement an existing investment plan, such as a 401K, or can serve as a stand-alone savings vehicle. The program is inexpensive and easy for an organization to administer. More than 40,000 employers have incorporated the Payroll Savings Plan into their normal payroll procedures and have found the program requires little time and effort to maintain. To initiate the program, each participating employee signs an authorization card designating the amount to be deducted each pay period for the purchase of Savings Bonds and providing bond ownership information. At the end of each pay period, Savings Bonds are purchased for employees who have accumulated the purchase price. The purchase price also can be accrued by the deduction of small amounts over time. The order and payment are then submitted to the Federal Reserve, which processes the orders and issues the bonds. This process continues until an employee gives written notice to cancel the arrangement or leaves your employment.


How Do I enroll in the Payroll Savings Plan?

You must first contact your company’s Human Resources or Payroll department to see if your company participates in this plan. If they do, they will have the proper forms to sign you up. If you are an Employer looking to start the Payroll Savings Plan – you can start by learning more at the Government’s US Savings Bond Payroll Plan site at TreasuryDirect.

Created on: February 19, 2019

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Jackie Brahney

Marketing & Editorial Director at
Jackie Brahney is the Marketing and Editorial Director and most notably, an U.S. Savings Bond Expert for Since 1991, she has done extensive research on savings bonds and state of the art savings bond valuation systems, and heads the company's public relations and marketing initiatives.
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