As of November 2014, the public can purchase savings bonds directly from the U.S. Treasury by using the department's Web-based system called TreasuryDirect. Paper-based savings bonds can no longer be purchased from financial institutions such as banks and credit unions.
U.S. citizens or eligible non-citizen residents with Social Security numbers can purchase Series EE U.S. Savings Bonds or Series I U.S. Savings Bonds online through TreasuryDirect, a service of the U.S. Department of the Treasury. Taxpayers can also purchase Series I bonds when filing tax returns, s
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.
A U.S. savings bond is a debt security that is issued by the Department of the Treasury. Its function is to pay for the borrowing needs of the government. A savings bond is backed by the credit of the U.S. government and considered a safe investment.
A U.S. savings bond is an investment backed by the government, explains Investopedia. Savings bonds are sold in set denominations and accrue interest up to 30 years after purchase, notes TreasuryDirect. Buyers redeem bonds for the original amount plus interest at any point at least one year after pu
Savings bonds come in two types, which are Series EE and Series I bonds. They are issued by the United States Department of the Treasury and provide government funding. The government awards interest in return.
Savings bonds can be purchased at Treasury Direct, an online entity run by the U.S. Government. All savings bonds are now digital; paper savings bonds are no longer available for sale online or in person.
The government website Treasury Direct allows people to calculate the current and future value of savings bonds. Simple calculators with drop-down boxes and step-by-step instructions are available on the site.
Electronic series EE and I U.S. savings bonds are purchased online through TreasuryDirect, reports the U.S. Department of the Treasury. Paper series I savings bond certificates are also purchased through IRS tax refunds. Financial institutions no longer sell paper U.S. savings bonds, as of 2015.
As of August 2015, EE bonds and I bonds are the only interest-yielding savings bonds that the U.S. Department of the Treasury sells, according to TreasuryDirect. EE bonds provide a higher yield, with a fixed annual interest rate of 0.30 percent.