Beginning Jan. 1, walking into a bank and purchasing a paper savings bond will be a thing of the past. The new year will usher in a new way of handling savings bonds â€” the financial practice that began in 1935 is moving completely online.
Public affairs specialist Lateefah Thompson, from the Bureau of Public Debt, said that online savings bonds have been offered as an option since 2002. The difference now is that online will be the only option.
This is a continuation of the â€śgo greenâ€ť initiative that the federal government began implementing in April.