Changing Seasons FCU

The Bureau of public Debt announced earlier this year that as of 1/1/2012, paper savings bonds will no longer be sold at financial institutions, an effort to save taxpayers approximately $70 million over the first 5 years.

But 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-where investors have been purchasing savings bonds, available 24/7, since 2002.

Those currently holding paper savings bonds can continue to redeem them at financial institutions. Bonds, which have not matured, but were lost, stolen or destroyed, can be reissued in paper or electronic form.

For more information on how to enroll in TreasuryDirect, visit www.treasurydirect.gov.