SEARCH

Entries in Savings Bonds (1)

Wednesday
Jul132011

Paper Savings Bonds to Become Obsolete by 2012

Comstock/Thinkstock(WASHINGTON) --  They've been available at banks and credit unions for 76 years -- you may have even gotten one in a birthday card as a kid.  But now, paper Savings Bonds are on their way to becoming obsolete.

The U.S. Treasury Department is expected to announce on Wednesday that the documents will no longer be available for sale at banks and credit unions come next year, reports USA Today.

Instead, after Dec. 31, those looking to purchase a Savings Bond will be able to do so online for at least $25.

The hope is that the shift to electronic documents will help save the government money.

Copyright 2011 ABC News Radio







ABC News Radio