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:
- 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.
What Types of Savings Bonds Are Available? >>