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Exact(11)
But you won't get an actual paper bond, suitable for tucking inside a birthday card.
All government agencies are under "overwhelming pressure" to reduce costs, she said, and maintaining a paper bond system is expensive.
The change means you can no longer walk into a bank and buy a paper bond to tuck inside, say, a birthday card for your grandchild.
If you're a paper bond stalwart, however, the new system may take some getting used to, even with the online tools.
Still, when asked if a petition was likely to have an impact on the paper bond phase-out at this point, Ms. Braden had a simple response: "No".
But using the demonstration, which goes one step at at at time through the process, seemed to drive home that buying bonds online is, in some respects, a more involved process than going to the branch of a bank and paying cash for a paper bond.
Similar(46)
An older system, in which people buy paper bonds online using credit cards, remains in operation.
A plaster mould was covered with about 15 layers of mulberry paper, bonded with rice glue.
(You can still redeem paper bonds that you already have at a bank, however.
Last year, for instance, the department stopped the sale of paper bonds through workplace payroll plans.
The government moved to eliminate paper bonds as a cost-saving measure.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com