U.S. Savings Bond sales will go electronic after Dec. 31

If you are accustomed to buying paper U.S. Savings Bonds at your local bank or credit union, get ready for a major change.

The U.S. Department of the Treasury will end the sale of paper U.S. Savings Bonds on Saturday, a move that will save taxpayers $120 million over five years. Series EE and I electronic savings bonds can still be purchased on www.TreasuryDirect.gov, a secure, Internet-based website where investors have been buying savings bonds since 2002.

Ending the sales of paper savings bonds at financial institutions, originally announced in July 2011, supports the Treasury Department's goal to increase the number of electronic transactions with citizens and businesses. In December 2010, the agency ended the sale of paper savings bonds through traditional payroll plans.

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