U.S. Savings Bonds Go Paperless
January 5th, 2012*chortle*
Via: CBS News:
U.S. savings bonds enclosed in birthday cards have been an American tradition for more than 70 years.
But from now on, purchasers will have to be computer savvy.
As of January 1, the U.S. Treasury declared that all bonds must be purchased online through the website www.treasurydirect.gov.
The buyer can download a “gift certificate” indicating the amount of the bond, and for what occasion.
“It’s not quite the same thing as having the embossed savings bond being given to the young person,” says Bob Fragasso, CEO of the Fragasso Financial Group, downtown.
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