The instructions explain what you need to do. You can still purchase paper bonds from your local banking institution or purchase their equivalent online and own them electronically.
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. Tips If you wish to own the investment without the paper, you can purchase and hold the bonds electronically. This is the only way left to purchase paper Savings Bonds.
See the current savings bond rates for bonds available for purchase. Does this change end all sales of paper bonds? If you want to buy EE or I Bonds for yourself: Next Avenue Editors Also Recommend: You can also manage them, chart their progress and cash them out online.
Not sure which US Savings Bond is the right choice for you? But it was eight hours before she received her account number by e-mail. The IRS will process the portion of your refund that you are not using to buy savings bonds.
About the Author Linda Emma is a long-standing writer and editor. Series I bonds also have a variable, semiannual inflation rate that is adjusted in May and November. For more information, click here. It took our reporter just 11 minutes to set up an account.
If you prepare your own return using tax software, the computer program will guide you. Step 2 Include the name, address, and Social Security number of the person for whom you are buying the bond if it is not yourself.
You can even print out an electronic gift certificate from the Treasury Direct site. Savings Bonds at your local bank or credit union. The choice is yours! It will take them up to three weeks to send your bonds to you at the address on your tax return. If you want to buy U. If you order bonds for yourself and spouse, the bonds will be issued in the names shown on the return.
Get specifics from the IRS.The New Rules for Buying and Giving U.S. Savings Bonds If you want to buy U.S.
Savings Bonds as a Then you may want to add your name to an online petition created by paper-bond fan Marc. Nov 26, · When you purchase a savings bond as a gift, print a gift certificate to give to the recipient in advance of getting the bond.
We’ve developed several gift certificate choices for the various reasons you might give a savings bond as a gift – anniversary, new baby, birthday, wedding, graduation, holiday, etc. TreasuryDirect payroll savings; EE/E Savings Bonds - fixed interest rate; I Savings Bonds - inflation adjusted bond; Savings Bonds as gifts; Are your Treasury Securities still earning interest?
Watch our demo on how to buy a gift savings bond In TreasuryDirect Good News!
You can now add or edit bank accounts in TreasuryDirect. Dec 12, · Your Money: Savings Bonds no longer an easy gift. Saving money for nieces, nephews and grandkids used to be as simple as showing up at the bank to buy a U.S. Savings Bond. Jul 09, · Buy U.S.
Series I Savings Bonds with a portion or all of your tax refund for yourself or anyone. Issued by the Department of the Treasury, Series I bonds are low-risk bonds that grow in value for up to 30 years. 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.
Ina new Tax Time Bond Program was announced allowing tax filers to purchase paper Series I savings bonds with their tax refunds.Download