Payroll Savings for Paper Savings Bonds
Buying paper savings bonds is simple with the Paper Payroll Savings Plan. After you enroll, you will need to tell your payroll office:
- How much to set aside from each paycheck.
- The series (EE or I) you would like.
- The denomination* you want to buy for each series.
*Series I Bonds are generally available in denominations of $50, $75, $100, $200, $500, and $1,000. Series EE Bonds are available in denominations of $100, $200, $500, and $1,000.
If you are interested in a direct deposit deduction instead, TreasuryDirect Payroll offers an alternative to payroll savings for paper savings bonds.
How to Enroll
More than 40,000 employers offer the Payroll Savings Plan to their employees. Ask your employer if they offer it. If it's available, you can sign up through Human Resources for a regular payroll allotment and start saving with paper savings bonds today.
If you prefer not to sign up directly through Human Resources, you can download, fill out, and print our "Authorization for Purchase and Request for Change" Form (Form SB-2362) online. Department of Defense (DoD) employees should use Form SB-2378 or ask your employer for a U.S. Savings Bonds Payroll Savings authorization form.
Making Changes to Your Payroll Account
You should contact your payroll or benefits office to find out about:
- Changing the amount of your allotment.
- Canceling your payroll allotment.
- Purchasing a different series of savings bonds.
- Changing your mailing address. Please note that there is no need to change the address on savings bonds you have already received. The Treasury will not reissue savings bonds just to change the address.
- Changing the name on your bonds including changing the co-owner or beneficiary or correcting an error. The procedures differ for previously issued bonds compared with bonds that haven't been issued yet. For previously issued bonds see information about changing the names on bonds.
- Adding a co-owner or beneficiary or buying more bonds to be issued in another name (for example, a son, daughter, or grandchild).
