Savings Bonds
Some Great Reasons to Think About Saving Through U. S. Savings Bonds :
Competitive, Safe, Affordable, Convenient, Accessible
U.S. Savings Bonds earn competitive rates of return compared. Interest accrues monthly and compounds semi-annually. Savings Bonds are backed by the full faith and credit of the United States. Your bonds are registered, so the Treasury can replace them if they’re lost, stolen, or mutilated.For as little as $25, you can start saving money with U.S. Savings Bonds. You can buy either I Bonds or Series EE Bonds through payroll deductions. Savings Bonds are easily redeemable, so, if you need your money unexpectedly, it’s right there for you. The longer you let your bonds grow, the more you benefits, yet you can redeem them any time after six months.
Tax Benefits
The interest earned on Savings Bonds is exempt from all state and local income taxes. Federal income taxes are deferred until the bonds reach final maturity, or you redeem them, whichever is first.
Start a Savings Bond Deduction
Please print and complete the Saving Bond enrollment form (see Related Link box). Your identification number is your UTD-ID. Mail the form to Human Resources Management, AD10.
Cancel a Savings Bond Deduction
Fill in your name and UTD-ID; check "E" Other and, in the space provided, write "cancel". Note the effective date in "Effective First Payroll Period After", sign the form and mail it to Human Resources Management, AD10.
Contact Us
E-mail us at benefits@utdallas.edu or to speak with your Benefits Representative, click on the above Contact Us link. We strive to respond to calls and e-mails within one business day throughout most of the year. During our peak periods however, it may take two business days for us to respond. Peak periods include the start and end of each semester and the month of July.
Last Updated: July 24, 2007
