Excerpt from: WISER (click for full article)
One of the most “American” ways to build savings is through U.S. Savings
Bonds. But most people think of them as old-fashioned—the birthday gift
you got from your grandmother (and as a 10 year old, you thought
booooring!) U.S. Bonds, however, are still a very good way to save, and
the way you can purchase them is changing.
To bring attention to this opportune time to buy a bond, there is a
national sweepstakes being held called “Save Your Refund.” Through a
very simple on-line application, if you buy a savings bond through your
tax filing, you can enter a weekly drawing for $250 (five winners a
week) AND be included in the $25,000 grand prize drawing on April 19,
2013. This makes buying a bond not only smart, but fun. Check it out at www.saveyourrefund.com
When you purchase a bond via your tax filing, a paper bond will be
mailed to you. This is now the ONLY way to get a paper bond because in
January 2012, the U.S. Treasury stopped issuing them. This means the
old-fashioned savings plan has gone electronic, and you must create an
account on TreasuryDirect.com to buy bonds. It is not
as easy as walking into the bank to get a savings bond, but in our next
post, we’ll walk you through how to become a saver via TreasuryDirect.
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