In 2011, the U.S. Department of the Treasury replaced paper savings bonds with electronic savings bonds, which can be purchased online through TreasuryDirect at www.treasurydirect.gov. Because of this change, Dupaco no longer sells paper savings bonds.
Online savings bonds aren't as easily lost or misplaced as paper savings bonds, and can be managed online, anytime. Plus, ending the sale of paper savings bonds will save taxpayers an estimated $70 million over five years. Through TreasuryDirect, you can also schedule recurring purchases of bonds, and establish accounts for minor children and for specific purposes such as education or vacations.
If you already have paper savings bonds, these are still valid and will earn interest for 30 years from the issue date or until redeemed. You can redeem paper bonds at Dupaco. You also can convert your paper savings bonds to electronic savings bonds in TreasuryDirect for no charge – no earned interest will be lost if you convert to electronic, and the bonds will keep their original issue dates and current interest rate terms.
You can apply for a TreasuryDirect account at www.treasurydirect.gov, a secure government website. To establish an account, you will need your:
- Social Security number or taxpayer identification number
- Valid e-mail address
- Checking or savings account number
- Routing number (Dupaco's routing number is 273974581)
For assistance or more information, contact a member service representative at (563) 557-7600 / 800-373-7600, ext. 206, or firstname.lastname@example.org.