Treasury's Savings Bond web site merged with TreasuryDirect.gov
Friday, August 4th, 2006
Categorized as: Savings Bond news
The Bureau of the Public Debt of the US Treasury has moved and updated its Savings Bond web site. It was formerly at:
http://www.publicdebt.treas.gov/sav/sav.htm
That page now redirects to:
http://www.treasurydirect.gov/indiv/products/products.htm
It appears the information about Savings Bonds has been rewritten to some extent and the navigation of the site is very different than before. There's more emphasis of TreasuryDirect as compared to paper Savings Bonds.
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I might add the marketable bond section is also more tightly integrated now with the savings bond info, which I'm sure will motivate people to consider marketable bonds as an alternative to savings bonds. (Not sure if the Treasury intended for that, seems like they are getting a good benefit from paying lower returns on savings bonds!)
The rewritten section about purchase limits is hilarious - now includes the $5 million limit for marketable bonds and how an 18-yr old can't invest $5 million separately from his parents.
That said, Tom are you planning to give more emphasis to marketable bonds too in the future here? Or sticking with savings bonds?
Been trying to log on all morning to renew a bill, apparently the treasury site is down since the merge. Makes you pause and wonder just what would happen if the system became overloaded. I hope they didn't screw up Legacy Direct. The new electronic format with no paper trail could really be a bummer if some klutz hits the delete button :'(