Savings Bonds

Payroll deduction to purchase U.S. savings bonds is available through the Payroll Office. Employees may purchase up to three bonds per month. Available bond types are “EE” and “I.” There are two ways in which a bond may be deducted:

  1. The entire amount may be deducted each month.
  2. Two equal deductions may be made to complete the purchase—one half of the total amount in each month.

Effective January 1, 2008, Department of Treasury has announced a purchase limitation set at $5,000 per Social Security Number.  The limit applies separately to Series EE and Series I, and separately to bonds issued in paper or electronic form.  UTSA only offers electronic bond purchase, as a result employees are limited to $5,000 bond purchase for both Series I and EE for a total of $10,000.

Effective February 1, 2003, bonds cannot be redeemed within 12 months. Bonds issued January 2003 and earlier can be redeemed after 6 months.

To enroll in the savings bond bonds payroll deduction program, please print the U.S. Savings Bond Payroll form, complete and sign it, and submit it to Payroll. Paper forms are also available in Payroll.

To cancel a bond, please do one of the following:

  1. Complete the same U.S. Savings Bond Payroll Authorization form and choose option: “Cancel this Bond.”
  2. Send a handwritten request providing your full name, UT Direct EID, effective date of cancellation, and signature to Payroll.
  3. Send an e-mail to elizabeth.ortiz@utsa.edu Please include in your e-mail your UT EID, the type and face value of the bond, and the effective date of cancellation.

To make a change in Ownership, Purchase Method, Face Value or Co-owner/beneficiary for future bonds purchase, please complete the U.S. Savings Bond Payroll form and submit it to Payroll.

Additional Information:

To change bonds already issued, to redeem a bond, or to request a re-issue for a lost bond, please visit Treasury Direct at http://www.savingsbonds.gov/ for more information, or call Treasury Direct at 1-800-333-2919.

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