Bonds are affordable: The more you buy, the better your total savings, and the interest is tax deferred until redemption. Prices start at just $50 for a $100 bond.
Signing up for payroll savings bonds is quick and easy, and there is no middle man or hidden cost. Bonds are mailed to your home address shortly after each payroll deduction. The payroll deduction can be started or stopped at an employee's request.
You can receive timely notice of important savings bond program changes by subscribing to a free e-mail notification service for payroll, benefits and human resources professionals. It's easy to register at http://www.treasurydirect.gov/. Just follow these steps:
- Click on Savings Bond in the blue panel on the left side of the page.
- Under Resources, click on Employers to reach the Communication Tools page.
- Under Electronic Tools for Employers, click on Subscribe.
- Send the automatically generated e-mail and you're on the list.
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If you have been buying bonds through our payroll deduction plan, maybe you haven't taken the time to consider your earnings. Visit the U.S. Savings Bonds web site for a prospective of the interest earning available with savings bonds and general information.
The Department of the Treasury has made changes to the terms and conditions for U.S. Savings Bonds. Series EE and I Bonds with an issue date of February 2003 or later must be held for at least 12 months before they can be redeemed. Savings bonds issued before February 2003 can be redeemed after six months.