How to Buy Savings Bonds as Gifts
Savings bonds are a great gift for any occasion.
Laura Adams, MBA
Kate asks:
“I have 11 nieces and nephews and for years I’ve given them U.S. Savings Bonds for gifts. But I understand that the Treasury will no longer issue paper bonds. Is there an alternative money gift that I can give?”
Savings bonds are a great gift for any occasion. As of January1, 2012, paper savings bonds will no longer be sold. The Treasury says going digital will save American taxpayers approximately $120 million over the first 5 years, due to reduced costs in printing, mailing, storage, and processing fees. But don’t worry, savings bonds aren’t going away–you just won’t be able to get a paper copy anymore. And if you already own a paper savings bond, you’ll still be able to redeem it at financial institutions. Here’s what to do if you want to buy a gift bond: Read More »