EE Savings Bonds In Depth (Gov't ends payroll deduction sales)

Treasury Direct ^ | Last Updated April 15, 2010 | --

[PAR35]

Treasury is phasing out the issuance of paper savings bonds through traditional employer-sponsored payroll savings plans. As of September 30, 2010, federal employees will no longer be able to purchase paper savings bonds through payroll deduction. The end date for all other (non-federal) employees is January 1, 2011.

[PAR35]

Just getting rid of pesky paper? Or trying to cut savings and encourage spending?

[MrPiper]

They figure they will not be able to meet the bonds,, so why issue them?????

[SnuffaBolshevik]

Bought a slew of these puppies in the ‘80s and ‘90s.

At the time they were boring granny investments compared to the go-go stock market. They are still paying 4-5% interest which is way better than any savings account or CD around these parts.

Dumb luck, I guess.

[TheBattman]

Or maybe they don’t want Americans holding US debt? Doesn’t make much sense to me.

[anniegetyourgun]

Same here - I need to offload them soon.

[KarlInOhio]

They have been pushing switching to electronic bonds for a while. I don't know whether any new paper bills, notes or bonds exist at all except for savings bonds.

[Colvin]

Where will you put your money, Treasuries?

[anniegetyourgun]

It’s all collapsing, so perhaps needed commodities that can be used, traded, and/or sold. The problem with this option is warehousing becomes an issue.

[Colvin]

One of my untraditional investments is apple trees. Not just any, I’m putting in a majority of cider trees.
If the economy turns around, people will be interested in a good craft quality drink. If it goes south, people are going to really need a drink.