U.S. Savings Bonds are going paperless!December 1, 2011

Paper U.S. Savings Bonds will not be sold by mail-in orders or over-the-counter at financial institutions after December 31, 2011. You can now buy electronic savings bonds safely, 24/7, online through TreasuryDirect. Visit www.treasurydirect.gov to learn more. By creating an online account at TreasuryDirect, you’ll be able to buy, manage and redeem electronic savings bonds and other Treasury securities.

Ending sales of paper savings bonds will save taxpayers an estimated $70 million over the next five years. In addition, unlike paper savings bonds, electronic savings bonds aren’t easily lost or misplaced.

Convert your paper savings bonds to electronic savings bonds in TreasuryDirect using a program called SmartExchange. There’s no charge to convert paper bonds. No earned interest will be lost, and the bonds will keep their original issue dates and current interest rate terms.

You can buy electronic savings bonds as gifts in TreasuryDirect. You can hold the bonds in your gift box area in TreasuryDirect until you’re ready to electronically deliver them to the gift recipient. The recipient must have a TreasuryDirect account (or be named on a minor linked account if under 18 years old.)

All Manasquan Savings Bank local offices will continue to redeem your paper savings bonds. Please contact your local office if you have questions or concerns, or visit treasurydirect.gov.

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