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But you can go online to purchase two types of electronic savings bonds: You can buy these electronic savings bonds in penny increments, from up to ,000 each year.
1, 2012, you can no longer buy paper savings bonds at financial institutions.
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In 2002, the Department of the Treasury's Bureau of the Public Debt made savings bonds available for purchasing and redeeming online. After purchase, the holder must wait at least twelve months before cashing it in, when they will receive the capital plus some interest. For example, if you buy a bond with a value of $50 for $25, you'll have to wait at least 17 years to get back your investment from the government, depending on the interest rate. The principal and earned interest are registered with the Treasury Department, so if a bond is lost, stolen, or destroyed they can be replaced at no cost.
A bond purchased on or after January 1, 1990, is tax-free (subject to income limitations) if used to pay tuition and fees at an eligible institution. Savings bonds come in eight denominations: $25, $50, $75, $100, $200, $500, $1,000, and $5,000.
The Bureau of the Fiscal Service uses Secure Socket Layer (SSL) encryption to protect the transmission of information that you submit to us when you use our secure on-line forms.
Note: Starting March 1, 2014, the Bureau of the Fiscal Service no longer accepts walk-in customers.
You may have heard about Series E and Series HH/H bonds; the E bonds were superseded by the Series EE and the HH/H bonds are no longer available. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Bankrate reserves the right (but is not obligated) to edit or delete your comments.
Bankrate's community sharing policy Bankrate wants to hear from you and encourages thoughtful and constructive comments.For series EE and I paper savings bonds: Bureau of the Public Debt Division of Customer Assistance P. Box 7012 Parkersburg, WV 26106-7012 For series EE and I electronic bonds: Bureau of the Public Debt Division of Customer Assistance P. Box 7015 Parkersburg, WV 26106–7015 For series HH/H: Bureau of the Public Debt Division of Customer Assistance P. Box 2186 Parkersburg, WV 26106-2186 Accrual method taxpayers. You cannot postpone reporting interest until you receive it or until the bonds mature.If you use an accrual method of accounting, you must report interest on U. Accrual methods of accounting are explained in chapter 1 under Cash method taxpayers. The cash method of accounting is explained in chapter 1 under Series HH bonds. Interest is paid twice a year by direct deposit to your bank account. The original 10-year maturity period of series E bonds has been extended to 40 years for bonds issued before December 1965 and 30 years for bonds issued after November 1965. All the revenue coming in from the bonds went directly to support the war. After the attack on Pearl Harbor, Defensive Bonds were informally known as War Savings Bonds, citizens could buy the bonds for a dime.Physical securities will need to be sent by registered mail or special messenger. If the Funds Management Branch is unable to liquidate the security after a reasonable amount of time, it will be returned along with an explanation to the Federal Executive Agency.