The United States Department of the Treasury (Treasury) has announced that it will stop issuing paper savings bonds through federal agency, including USPS®, savings plans as of September 30, 2010.
The Treasury currently offers TreasuryDirect, a secured web-based system to invest in savings bonds and other Treasury securities. It allows you a convenient way to purchase, manage, and redeem electronic (paperless) savings bonds along with Treasury marketable securities (bills, notes, bonds, and TIPS) online 24/7.
If you want to purchase Treasury securities through a payroll deduction, you will need to first establish a TreasuryDirect account and then establish an allotment via PostalEase. In order to complete Treasury’s online application, you will need the following items on hand:
n Your Social Security number (taxpayer identification number).
n Your driver’s license number or state ID and expiration date.
n Your bank or credit union routing number and account number of the checking or savings account you would like to use.
n A valid e-mail address.
n A web browser that supports Treasury’s technical requirements.
Once established, you will be provided bank account information that you will need to create an allotment (subject to maximum allotment restrictions) through PostalEase.
You can learn more and apply for a TreasuryDirect account at www.treasurydirect.gov.
— Payroll,
Controller, 9-9-10