Starting Jan. 1, paper savings bonds will no longer be available for purchase, according to a recent announcement from the Treasury Department’s Bureau of Public Debt. In what is known as an “all-electronic initiative,” the government is making an attempt to reduce costs by switching to a digital format. Paper Savings Bonds End in 2012...
Just because paper savings bonds haven’t been in production since 2012 doesn’t mean you can’t still reap their benefits. In an effort to save money by reducing paper products, the government made the digital switch. This change enables consumers to earn money with this old-fashioned investment strategy but eliminates the risk of losing the bonds in a fire or robbery.
You can still redeem your paper bonds from local and national financial institutions, but all new bond purchases are in digital format.
Learn about the different series of bonds being issued and how each one differs. GOBankingRates provides all the information you need to understand savings bonds, choose the bond the will best help you achieve your financial goals and where to purchase bonds.
Start browsing GOBankingRates today to see how its resources can help prepare you to invest in bonds.