U.S. savings bonds, a time-honored gift for children, will be available for sale in paper certificate form for only a few more years, the Treasury Department announced yesterday.
The thought of a savings bond existing only inside a government database scares me a little bit. Sure, with online banking and such a lot of our money is stored in databases, but this is different. This is a US Savings Bond. It’s the thing that you buy when you don’t really care about making the most from your money, you just want security. You want to clutch the paper in your hand. The last thing you want to do (or would be willing to do) is order it from a website. How willing would a grandparent be to hop online to buy a savings bond for their grandchild?
Progress, baby!