Bring Back Paper US Savings Bonds
  • Petitioned Public Debt Commissioner Van Zeck

This petition was delivered to:

Department of The US Treasury
Public Debt Commissioner Van Zeck
Department of The US Treasury
Secretary Timothy Geithner
U.S. Senate
U.S. House of Representatives
Montana
Sen. John Walsh
Alabama-06
Rep. Spencer Bachus

Bring Back Paper US Savings Bonds

    1. Learn Bonds.com
    2. Petition by

      Learn Bonds.com

Bring Back Paper US Savings Bonds Petition

 

Since 1935, Americans have been able to purchase paper savings bonds. This American tradition has unfortunately been ended by the US Treasury Department.


As a cost savings measure, the US Treasury eliminated the sale of new paper savings bonds as of January 1st, 2012. This measure is expected to save the US government about $14 million per year in processing costs, or roughly half the cost of one F-16 jet fighter.


However, we believe that this relatively meager savings by US government standards does not equal the loss of benefits to the American people. Paper savings bonds play an important role in teaching young people about saving money.


Over 50 million Americans hold paper saving bonds. For many of these people  (including myself), a savings bond served as introduction to the idea of saving money and earning interest. Paper savings bonds with their distinctive look and feel capture the attention of the young and serve as a launching point for discussions about money between parent and child.


We respectfully ask that the Department of The Treasury bring back paper savings bonds and keep this American tradition alive.


Savings Bonds are financial products geared to the needs of lower and middle-class Americans. The majority of savings bonds (over 87%) in 2011 were purchased in a paper format. By making it less convenient (eliminating the primary way these bonds are purchased), The Treasury Department  will be discouraging savings.


Again, we respectfully ask that the Treasury Department  bring back paper savings bonds.

Recent signatures

    News

    1. Reached 250 signatures

    Supporters

    Reasons for signing

    • Bonnie McMenamin CARMEL, IN
      • over 2 years ago

      Giving savings bonds to grandchildren as a celebration of a significant event has been a tradition in our family for generations. The online process is so difficult that it prohibits the continuation of this tradition. A 529 account is not touchable either, but at least it's easier to set up. It's too bad we have lost this teachable moment with our grandchildren.

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    • Nancy Russell INDIANAPOLIS, IN
      • over 2 years ago

      Treasury electronic system Terrible! Paper more reliable, tangible, safer!

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    • Stacy Elftmann DENNISON, MN
      • over 2 years ago

      I want both of my children to be able to recieve savings bonds and learn about them. Both sets of grandparents started giving my older child savings bonds. I would like the tradition to continue with my younger child. I am concerned about the security and ease of use of this new system.

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    • LOLITA RAYNARD SCIOTOVILLE, OH
      • over 2 years ago

      some individuals are not computer savy and it is a process that isn't easy to go through

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    • Jean-Paul Cushing BELLEVUE, NE
      • over 2 years ago

      It is important that in this day and age of corrupt banks and the need to have Americans finance our debt that a tangible document be available.

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