Goodbye to the Paper Savings Bond

The e-version saves taxpayers money but complicates gift-giving.

The teller window is closing for buying paper savings bonds. Come January 1, your only option will be to purchase the bonds online at the Treasury Direct Web site. The Treasury Department has been moving toward an all-electronic program since December 2010, when Uncle Sam stopped selling paper bonds through payroll plans. The Treasury estimates that eliminating the paper bonds will save taxpayers approximately $70 million over the first five years.

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Senior Reporter, Kiplinger's Personal Finance