Paper Payroll Savings Bond Program To Be Discontinued; Electronic Payroll Savings Available Through TreasuryDirect

  Paper Payroll Savings Bond Program To Be Discontinued "...The United States Department of the Treasury (Trea­sury) has announced that it will stop issuing paper savings bonds through federal agency, including USPS®, sav­ings plans as of September 30, 2010.

The Treasury currently offers TreasuryDirect, a secured web-based system to invest in savings bonds and other Treasury securities. It allows you a convenient way to pur­chase, manage, and redeem electronic (paperless) savings bonds along with Treasury marketable securities (bills, notes, bonds, and TIPS) online 24/7.

If you want to purchase Treasury securities through a payroll deduction, you will need to first establish a Trea­suryDirect account and ..." Reference: www.usps.com