Course 110: U.S. Savings Bonds
Where Can You Buy Savings Bonds?
In this course
1 Introduction
2 What Are Savings Bonds?
3 Where Can You Buy Savings Bonds?
4 What Types of Savings Bonds Are Available?
5 How Much Money Do Savings Bonds Earn?
6 How Do You Redeem Savings Bonds?
7 What Taxes Apply to Earnings from Savings Bonds?
8 Savings Bonds Have Been American Favorites for Decades

While you still cannot buy savings bonds at the corner convenience store, you can purchase them in a wide variety of places. Savings bonds are sometimes available through a payroll deduction plan at work. You also may purchase them at a variety of government offices and financial institutions:

  • Banks
  • Credit unions
  • Federal Reserve banks and branches--by phone or mail only. The Federal Reserve no longer provides a walk-in service.
  • Bureau of Public Debt--for more information or to buy bonds online, visit www.publicdebt.treas.gov. (You even can set up a program of regular deductions via electronic transfer from your checking account.)

If you lose a savings bond, you can request Form PDF 1048 from a participating financial institution or Federal Reserve Bank. Provide as much information as you can--such as the lost bond's serial number and issuance date as well as the owner's name, address, and Social Security number. When you have completed the form, mail it to:

Division of Transactions and Rulings
Bureau of Public Debt
P.O. Box 1328
Parkersburg, WV 26106-1328

Besides being extremely easy to acquire, a savings bond offers another attractive purchasing feature: no seller's fees. Unlike stock purchases, there are no fees or commissions that add to the purchase price.

Next: What Types of Savings Bonds Are Available? >>


Search
Print Lesson |Feedback
Del.icio.us Del.icio.us | Digg! digg it
Learn how to invest like a pro with Morningstar’s Investment Workbooks (John Wiley & Sons, 2004, 2005), available at online bookstores.
Copyright 2015 Morningstar, Inc. All rights reserved. Please read our Privacy Policy.
If you have questions or comments please contact Morningstar.