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Savings bonds going paperless

Published:

So, now you're not even worth bothering to send one piece of paper to?
Just give Uncle Scam your money and hope his data doesn't break or get "misplaced".

Come Jan. 1, 2012 they will no longer be sold at bank counters or through mail-order.

Instead, the U.S. Treasury Department will only offer electronic versions of Series EE and I bonds.

"The cost-cutting move is expected to save $70 million in printing, storage, mailing and processing fees over the next five years. "

http://www.silive.com/news/index.ssf/2011/11/savings_bonds_going_paperless.html

 

$70 MM over 5 years? Roll Eyes I know where they can save a few trillion, right now. Mad

Entry #680

Comments

1.
Rick GComment by Rick G - December 17, 2011, 8:21 am
When I get my lottery winnings from the Nigerian prince I will be sure to buy some of these digital "bonds".

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