U.S. Savings Bonds

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Purchase Savings Bonds directly from the Treasury

The U.S. Department of the Treasury has decided to end the sale of paper savings bonds through financial institutions and stop accepting applications mailed directly to the Federal Reserve Bank. This change is expected to save taxpayers an estimated $70 million over the next five years. The last day to purchase savings bonds at Summit will be December 28, 2011. You can continue to redeem paper savings bonds at any of our 24 branch locations.

Savings bonds aren't going away. You can purchase Series I and Series EE Savings Bonds in electronic form by visiting the U.S. Department of the Treasury at TreasuryDirect.gov. By setting up a TreasuryDirect account, you can securely purchase, manage and redeem electronic savings bonds. Plus, you'll be able to purchase electronic savings bonds as gifts and convert paper savings bonds to electronic.

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