To buy savings bonds, individuals can create an online account with the U.S. Department of Treasury to purchase, manage and monitor savings bonds online. In order to purchase savings bonds, individuals must be a U.S. citizen, U.S. resident or civilian employee in the United States.
- Create an account
Create an account online at the U.S. Department of Treasury's website. Individuals need to enter their full name, a U.S. address, social security number and name of the recipient of the savings bond if it is a gift.
- Process payment
Designate the dollar amount of the savings bond. As of 2014, individuals can only purchase electronic savings bonds, and each bond is purchased at face value. For example, a $25 EE savings bond costs $50. Each savings bond earns interest through the U.S. Treasury for up to 30 years. As of 2014, the rate of interest is 0.10 percent.
- Register and monitor savings bonds
Register the savings bond when purchasing to determine who can cash and own the bond. All purchased savings bonds can be monitored online through the U.S. Department of Treasury's online system. Individuals who have created an account and purchased savings bonds may set up an automatic buying schedule, deduct payment through payroll deductions and assess the interest earned electronically at any time. As of 2014, the option to buy paper bonds has been discontinued, although paper bonds previously purchased can still be redeemed at financial institutions.