Death of paper Savings Bond imminent?

Friday, January 14th, 2005
Categorized as: Savings Bond FAQ

It is my understanding that sometime this year the paper savings bond program will be done away with. Have you heard when this might happen?

Tom’s response

This isn’t true. What will happen this year is that people who have Treasury Direct accounts will be able to convert their paper bonds into electronic bonds. This will be voluntary.

Although the Treasury has discussed discontinuance of paper bonds – and you can be sure it will happen someday – there are no active plans for this currently underway.

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FDIC Insured Certificates of Deposit can pay 1 or 2% more than savings bonds when held for a similar length of time. See top CD Rates Below:

2 Comments

On October 29th, 2008 Jon Black said:

I believe paper bonds have a proper place in educating children to save. They are a tangible item that can be placed into a child’s hands and identified to the child. Attempting to teach a child the concept of a savings bond by pointing out a line on a computer screen somehow doesn’t seem likely to establish the concept meaningfully.

Teaching our young to save for future necessities and exigencies is very important.

I hope paper bonds never go away.

On April 20th, 2010 Tom Adams said:

In August 2008, the Treasury released it’s 2009-2014 Strategic Plan, which includes a goal for its Retail Securities Division to “Position Treasury to eliminate new issues of paper savings bonds.”

Comments Closed

June 1, 2010

After six years, over 400 posts, 3,680 real comments, and over 90,000 spam comments (thank you, Akismet, for making managing a blog with comments possible), I am closing public comments on Savings-Bond-Advisor.com. I will contine to update the main articles on this site, but not the comments.

Virtually every question about Savings Bonds has been asked and answered on this site multiple times. Use the search feature (see the box in the gray area near the top of this page) or the detailed menu on the lower part of the home page to find the information you're looking for. If you have a copy of Savings Bond Advisor, you can ask me a question here.

Tom Adams

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