Savings Bonds

U.S. Savings Bonds make great gifts for people of all ages. Bonds come in denominations from $50 to $10,000 so there is a size to fit every occasion.

The U.S. Department of the Treasury will end over-the-counter sales of paper savings bonds on December 31, 2011, including sales through financial institutions and applications mailed directly to the Federal Reserve Bank by customers. This move is expected to save taxpayers an estimated $70 million over the next five years. Tax filers will still have the option to purchase paper Series I Savings Bonds with their federal tax refunds. Otherwise, there will be no other way to buy paper savings bonds.

Although paper bonds are being discontinued, customers will go on-line to and open an account to purchase electronic Series EE and Series I bonds. Opening a Treasury Direct account is free, and, once it's established, investors can

  • Buy, manage, and redeem Series EE and I electronic savings bonds.
  • Convert Series EE and I paper savings bonds to electronic through the SmartExchange® feature.
  • Purchase electronic savings bonds as a gift.
  • Enroll in a payroll savings plan for purchasing electronic bonds.
  • Invest in other Treasury securities such as bills, notes, bonds, and TIPS (Treasury Inflation-Protected Securities).

Existing paper bonds are still valid and will earn interest for 30 years from the issue date or until redeemed. Paper bonds can still be cashed as usual.

Beginning January 1, 2008, the annual limitation on the purchase of U.S. Savings Bonds will be $5,000 per Social Security Number. Limits are based on the issue price of the securities. The limit applies separately to bonds issued in paper or electronic form. Complete information is available at


  • Order online if you do not require an actual paper bond. Payment may be deducted from your checking or savings account.
  • U.S. Treasury’s Everything you need to know about bonds, including current value of existing bonds and a future value calculator