![]() ![]() If you have enough money in your refund, you can buy multiple bonds and, if you wish, you can give them multiple registrations. That means, you can give paper savings bonds to yourself or to anyone else (as a gift). On Form 8888, you also specify who will own the bonds. To buy paper savings bonds, you use IRS Form 8888 to specify how much of your refund should go to savings bonds and how much to you directly (by check or by direct deposit to your bank account). For example, if you request $1,000 in paper I bonds, you will receive six $50 bonds, one $200 bond, and one $500 bond. If you buy more than $250 of paper Series I savings bonds, we will use $50 denominations to fill the first $250 and the fewest possible number of additional bonds for the remainder. If you buy $250 or less of paper Series I savings bonds, we will use $50 denominations to fill your order. You can buy any amount up to $5,000 in $50 increments. The only way to get a paper savings bond now is to use your IRS tax refund. You keep getting more savings bonds automatically until you change or end your Payroll Savings Plan.Įach savings bond earns interest for you in your TreasuryDirect account until you tell us to cash the bond or until it reaches the end of its 30-year interest-earning life. You don't have to think about it again or do anything else. Every time the balance in that specific C of I is large enough to buy the bond you chose at the amount you chose, we issue you that type of savings bond for that amount.įor example: If you want to buy $50 Series I savings bonds and you ask your employer to send $25 from each paycheck to your TreasuryDirect account, we issue a $50 bond for you after every other payday. The money your employer sends each time goes into a special Payroll Savings Plan Certificate of Indebtedness (C of I) in your TreasuryDirect account. CTX (Corporate Trade Exchange) – CTX users must submit a TD/CTX Participant Agreement and use the TreasuryDirect CTX File Format.Tell your employer that they can send the money to us in any of these 3 ACH file formats: Where the form asks if this is a savings account (22) or a checking account (23), you can choose either.How much money you want to have your employer send from each paycheck.Your 10-digit TreasuryDirect account number, no hyphens, with a P at the end.The routing number for TreasuryDirect: 051736158.The "receiving bank name": TREASURYDIRECT (all capitals, no space).You will fill out a direct deposit form that needs this information: Ask your employer to send money from each paycheck to your TreasuryDirect account.Choose the type of savings bonds you want (EE or I) and the amount you want for each bond.Go to your TreasuryDirect account and follow the instructions to set up a Payroll Savings Plan.If you don't yet have a TreasuryDirect account, open an account.You decide how much to set aside for savings bonds, then it all happens automatically (like getting the rest of your paycheck to your bank by direct deposit.) To set up a Payroll Savings Plan Buying through our Payroll Savings PlanĪnother way to buy savings bonds is to have your employer send money from each paycheck directly to your TreasuryDirect account. See more about how much can I spend and how much can I own. That is in addition to the amount you can spend on buying savings bonds for a child or as gifts. In any one calendar year, you may buy up to $10,000 in Series EE electronic savings bonds AND up to $10,000 in Series I electronic savings bonds for yourself as owner of the bonds. For example, you could buy an electronic savings bond for $75.38. You can buy an electronic savings bond for any amount from $25 to $10,000 to the penny. If you plan to give the bond to someone else, see Giving savings bonds as gifts.For information on registration, see Registering your bonds (Who owns them).Choose whether you want EE bonds or I bonds, and then click Submit.Learn about TreasuryDirect Open a TreasuryDirect account ![]()
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