A savings bond represents a loan made to the United States by an investor. United States Savings Bonds are registered securities backed by the full faith and credit of the United States; they cannot be sold in a secondary securities market or used as collateral. Bonds can be replaced at no cost if lost, stolen, or destroyed.

You may redeem savings bonds at any Ohio Catholic branch location FREE of charge. For detailed information on US Savings Bonds please visit the U.S. Treasury website. www.savingsbonds.gov.

EE Savings Bonds – Sold at half their face value; i.e., you pay $25 for a $50 bond but it’s not guaranteed to reach face value until it reaches maturity in 20 years.
I Savings Bonds – Sold at face value; i.e., you pay $50 for a $50 bond.

Important Notice: Sale of Paper Savings Bonds 

 The U.S. Department of the Treasury has announced it will end over-the-counter (OTC) sales of paper savings bonds at the end of this year.  This includes the sales of savings bonds through financial institutions and applications mailed directly to the Federal Reserve Bank by customers.  

Ohio Catholic will stop accepting applications for paper savings bonds after December 31, 2011.  The redemption of paper savings bonds is NOT affected.  Ohio Catholic will still be able to redeem (cash) paper savings bonds for our members.

Savings bonds remain available for purchase as electronic issues in TreasuryDirect.  To learn more about electronic savings through TreasuryDirect, visit www.treasurydirect.gov.