U.S. Treasury Offers Digital Savings Bonds for Graduation Gift Idea

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The U.S. Department of the Treasury allows TreasuryDirect account holders to give the gift of savings bonds for this graduation season, birthdays and other special occasions

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Graduation season is a time of celebration and great pride for families.

For honoring special graduates this spring, the U.S. Department of the Treasury is encouraging celebrating a child’s graduation achievement, whether it’s from kindergarten or college, by helping him or her save for the future with a digital U.S. Savings Bond.

“Graduation season is a time of celebration and great pride for families. In preparation for this milestone achievement, we encourage parents to consider opening a TreasuryDirect account in their child’s name within their own TreasuryDirect account, so the gift of savings bonds can be given by relatives or friends who want to contribute to a young grad’s future,” said Jerry Kelly, national director of the U.S. Department of the Treasury’s Ready.Save.Grow. campaign.

Savings bonds can be given as a gift to a person of any age. They are a low-risk way to save, and offer steady accumulation of interest. Additionally, interest earned from savings bonds is exempt from state and local income taxes, and may also be exempt from federal income taxes when used to pay for qualified higher education expenses.

Opening a TreasuryDirect account
Need help setting up a TreasuryDirect account for a child? If a child is under the age of 18, parents will first need to open a TreasuryDirect account in their own name, then open an account for their child within their own TreasuryDirect account.

TreasuryDirect is the Treasury Department’s secure, online system where savings bonds and other marketable securities can be bought, managed and redeemed. Ready.Save.Grow. provides information and tools to help people sign up for a TreasuryDirect account, including a tip sheet and a guided tour, at http://www.treasurydirect.gov/readysavegrow.

After TreasuryDirect accounts have been opened, a child is ready to receive digital savings bonds for birthdays, graduations and other special events.

Giving a digital savings bond
Consider contributing to a child’s college fund or other financial goal this spring with a digital savings bond bought through TreasuryDirect. Before you buy, you'll need to know the recipient’s name, Social Security number and TreasuryDirect account number.

Ready.Save.Grow. offers resources to help people with the gift-giving process in TreasuryDirect, including a new graphic that walks people through the most important steps. A step-by-step tip sheet and overview video are also available at http://www.treasurydirect.gov/readysavegrow.

Commemorating the occasion with a gift certificate
TreasuryDirect.gov offers a variety of themed savings bond gift certificates for graduation, birthdays, holidays and other gift-giving events. The certificates can be printed and presented to the gift recipient in a card or envelope to signify the savings bond gift.

For more information
Ready.Save.Grow. helps people take control of their future by providing information and resources about the safe, affordable savings options offered by the Treasury Department. Visit the Ready.Save.Grow. website, http://www.treasurydirect.gov/readysavegrow, to learn more or follow the campaign on Facebook or Twitter @ReadySaveGrow.

The preceding information was provided by the U.S. Department of the Treasury, Bureau of the Public Debt.

TreasuryDirect is a registered mark of the U.S. Department of the Treasury.
Ready.Save.Grow. is a service mark of the U.S. Department of the Treasury.

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David Starck
Bureau of the Public Debt, U.S. Department of the Treasury
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Brad Benson
Bureau of the Public Debt, U.S. Department of the Treasury
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