Savings Bond program offers an affordable investment

Published Feb. 25, 2009

RANDOLPH AFB, Texas -- "The U.S. Savings Bond program offers an affordable investment that helps increase personal savings and provides competitive interest rates with the convenience of a systematic savings plan" said Gordon England, Deputy Defense Secretary.

Series EE bonds earn 1.30 percent while Series I bonds earn 5.64 percent. These rates will be in effect until May 2009.

The Defense Department is a major supporter of the U.S. Savings Bonds program, said Mr. England.

Information regarding the U.S. Saving Bonds program is available at www.savingsbonds.gov.

U.S. military and civilian personnel have the ability to purchase savings bonds directly through their myPay account by automatic payroll deduction. Log in on Https://mypay.dfas.mil/mypay.aspx and click on "Saving Bonds" under the pay changes heading. Members have the option to start, change or stop allotments for savings bonds.

Help using myPay is available from the Centralized Customer Support unit at (888) DFA-S411 (1-888-332-7411), (216) 522-5096 or DSN 580-5096, between 7 a.m. and 6:30 p.m. EST.