U.S. Savings bonds

wage EARNER

Well-Known Member
About half-way though Art 3 Sect 3 of the Master it says,"On written request of the employee, payroll deductions will be made to purchase U.S. Savings Bonds for said employee."

It seems a quirky thing to put in, and I realize there are a lot of hold-overs from way-back-when. Does anyone do this?
 

upschuck

Well-Known Member
I guess they could deposit into your bond account like any other direct deposit.

I have never heard of anyone doing this.
 

rod

Retired 22 years
We paid for my Daughters wedding with savings bonds my wife had taken out of her work check. Could we have done better putting that money in the market? Probably--- but at the time it was a payroll deduction that was outa sight outa mind and it served its purpose. Also at that time I was having a whopping 6 bucks a week (maximum allowed) taken out of my check and put into the UPS Thrift Plan which was paying off at around anywhere from 15% to22% a year. When they finally shut down the Thrift Plan I had almost 70 thou in it.
 
Top