TreasuryDirect Payroll
TreasuryDirect payroll savings makes it possible for nearly all employees to make automatic direct deposit deductions toward the purchase of electronic EE and I Bonds. Company payroll systems that offer voluntary direct deposit deductions give employees the option to have part of their pay transferred into their TreasuryDirect accounts to purchase electronic securities.
Purchasing
To purchase savings bonds by direct deposit deduction, employees must:
- set up a TreasuryDirect account.
- present a direct deduction request to their employer.
- include their TreasuryDirect account, routing transit number, and dollar amounts to be deducted.
Funds transferred to TreasuryDirect are used to purchase a Zero-Percent Certificate of Indebtedness, a non-interest bearing Treasury security used as a source of funds to buy other interest-bearing Treasury securities.
Benefits
With TreasuryDirect Payroll:
- you don't accumulate funds toward the purchase price of a bond.
- you don't request the issuance of bonds.
- you don't keep track of registrations.
To find out more about TreasuryDirect Payroll, see our Information for Employers brochure.
