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Author: SisypheanFool Big red star, 1000 posts Old School Fool Motley Fool One Everlasting Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35367  
Subject: Re: Emergency fund Date: 7/19/2004 1:16 PM
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You must have had an existing plan before they went electronic. I think (but now I am not positive) that a newly established customer or plan will not be able to get paper bonds. Can anyone confirm this?

From http://www.publicdebt.treas.gov/sav/sbregfaq.htm :
1. What effect will TreasuryDirect have on EasySaver?

TreasuryDirect is a new online program that allows you to schedule electronic EE and I Bond purchases by debiting your bank account. We designed TreasuryDirect with the EasySaver customer in mind. Open a TreasuryDirect account online today and begin purchasing securities within minutes. You can buy, manage, and redeem your securities anytime, anywhere -- no paper bonds or paper work. Since we offer some of the same EasySaver features and more in TreasuryDirect, we are no longer accepting enrollments and will discontinue EasySaver in March 2005.

From http://www.publicdebt.treas.gov/sav/sbfaqbuy.htm :
2.1) How do I buy Series EE and/or Series I savings bonds?

You can buy Series EE and/or Series I savings bonds through most local banks. Banks accept applications and payment for bonds and forward them to a Federal Reserve Bank, where the bonds are issued and mailed to the owner. Bonds are delivered within 15 business days, and the bond's issue date reflects the date of application so no interest is lost. Banks also have gift certificates that bond buyers can give to gift recipients to let them know a bond has been ordered for them. Bonds can also be bought through the Payroll Savings Plan offered by many employers and through TreasuryDirect.

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