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mensusa says paper box couture paper box couture wednesday 20 july 2011 paper box couture treasury eliminating paper savings bonds starting in january you will no longer be able to go to your bank and buy savings bonds get ready to hear lots of complaints from unhappy senior citizens who are especially fond of buying the bonds as gifts for their grandchildren the bureau of the public debt the arm of the united states treasury that oversees the sale and redemption of bonds and other government securities is scrapping paper savings bonds you ll still be able to buy them in an electronic version as you can now via the bureau s web based treasurydirect purchasing system but you won t get an actual paper bond suitable for tucking inside a birthday card you can however download a gift certificate from the treasurydirect web site indicating the amount of the bond you have purchased and for what occasion the move doesn t affect existing savings bonds you can still redeem paper bonds at a bank the change is part of a broader treasury initiative to cut costs by shifting operations to the internet eliminating paper savings bonds does away with the need to keep track of those pieces of paper and allows for automatic redemption when they mature no more matured bonds sitting around in boxes earning nothing but it requires buyers many of them older and not inclined to use a computer to set up an online account to buy bonds for themselves or as gifts for children and grandchildren that is likely to annoy some people conceded mckayla braden a spokeswoman for the bureau you can t deliver the actual bond once purchased electronically the bonds are held in an online gift box because they can t be given to the recipient until he or she is 18 and has an online account braden said or if the child s parents have a treasurydirect account they can establish a linked custodial account in the child s name to hold the bonds the link can be severed and a standalone account created when the recipient turns 18 visit same like mensusa posted by mobile info world at 23 36 no comments email this blogthis share to x share to facebook share to pinterest labels paper box home subscribe to posts atom microsoft partners microsoft partners in usa microsoft dynamics services in usa robotic process automation in usa digital workplace collaboration collaboration hr process hr software workflow management software about me mobile info world i am webmaster of this resource i have more interest from blog posting i am one web developer view my complete profile watermark theme powered by blogger