Savings Bonds operations consolidated (more)

Thursday, August 12th, 2004
Categorized as: Savings Bond history

On August 2, we mentioned an article from the Buffalo News talking about the consolidation of Savings Bonds operations.

Today we received confirmation from a Public Affairs Officer at the Bureau of the Public Debt that the Treasury is reducing the number of savings bonds processing sites from five to two. By October 2005, the Buffalo, Richmond and Kansas City sites will be closed and all business shifted to the two remaining sites, in Pittsburgh and Minneapolis.

The Treasury expects the consolidation to be transparent to the public, with material sent to closed sites automatically forwarded to one of the remaining sites.

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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:

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June 1, 2010

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