Now is the Time to Get a Savings Bond

Savings BondYesterday, an OP-ED in the New York Times called attention to the fact that the U.S. Treasury will end over-the-counter sales of paper savings bonds on December 31, 2011. You will still be able to get savings bonds online through TreasuryDirect.gov. Unfortunately, the TresuryDirect website is hard to navigate. Also, making savings bond available online only makes it hard for the 65 percent of low-income Americans who don’t have internet to use this as a savings method.

There is one exception; you will still be able to get paper bonds at tax time.

The non-profit group Doorways to Dreams Fund (on Twitter @bondsmakeiteasy) encourages low-income families to save. They know that savings bonds are one of the easiest ways for low-income families to save, because you don’t have to have a bank account to purchase or own them. Bonds are also a great savings tool because they are easy to gift to children and are often times their first introduction to savings.

In a time when we need more Americans to save, it’s disappointing that the option to buy paper savings bonds is disappearing. So now is the time to go out and buy that bond!

Do you remember when you gave or received your first savings bond? Let us know on our Facebook page.

Take the Pledge

Savers who make a plan are twice as likely to save successfully. 

Take the America Saves Pledge

Tip of the Day

  • Written by Administrator2 | January 13, 2014

    Never purchase expensive items on impulse. Think over each expensive purchase for at least 24 hours. Acting on this principle will mean you have far fewer regrets about impulse purchases, and far more money for emergency savings. http://ow.ly/sj972

Saver Tips and Stories View all »

Make it Automatic

Written by Lindsay Ferguson | July 2, 2019

Holding ourselves accountable can be tough. Maria knew that if she didn’t “set it and forget it” she would have a hard time making sure her regular savings deposits were happening. In April, she took the America Saves Pledge and created a savings plan to increase her emergency fund.

Read more...

Transforming “I Can’t Save” to “I Will Save”

Written by Guest Blogger | January 13, 2016

You will not believe what it took to completely change my life. About three years ago, the HR Administrator of the corporation where I worked (as a temp with no benefits) forwarded an email to me. Fifteen seconds. One small act of kindness. That's it - that's all it took!

Read more...

A Think Like A Saver Attitude

Written by Benjamin Moss | November 26, 2019

Melissa has always been thrifty with a #ThinkLikeASaver attitude. This served her family well when her husband lost his job in 2014. Using their savings, Melissa’s family stayed afloat while her husband found a new job. During his job search they used a majority of their savings, but that is OKAY. Savings are fluid! They’re supposed to be used in the case of emergency, and this qualified as such.

Read more...

Receive Updates

Take the Pledge

Written by Super User | September 16, 2013

Start Saving

Receive Texts

Written by Tammy G. Bruzon | July 15, 2014

Learn More

Partner News & Updates

Written by Katie Bryan | October 18, 2013

Sign Up