The Bureau of the Public Debt recently announced that as of Jan. 1, 2012, paper savings bonds will no longer be sold at financial institutions.
This action will save American taxpayers approximately $70 million over the first five years.
Savings bonds, introduced in 1935, are not going away. Electronic savings bonds in Series EE and I will remain available through purchase in TreasuryDirect®, a secure, web-based system operated by Public Debt. For more information, see the August 25 edition of the Mount Vernon Optic-Herald.








