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Released: September 03, 2010
Paper Savings Bonds being phased out for electronic ones
Source: Sandy Block, USA Today
U.S. Savings Bonds, long favored by gift-givers and conservative investors, are going paperless.
Starting Sept. 30, federal employees who invest in Savings Bonds through payroll deductions will be required to buy them from TreasuryDirect.gov, where they’ll be stored electronically. The requirement will extend to private-sector employees on Jan. 1, 2011.
Read Full Article: Paper Savings Bonds being phased out for electronic ones
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