Payroll Services

U.S. Savings Bonds

Payroll deduction to purchase U.S. savings bonds is available through Payroll Services. Employees may purchase up to three bonds per month. Available bond types are EE and I.

To enroll in the savings bonds payroll deduction program, please print the U.S. Savings Bond Payroll Authorization form*, complete and sign it, and submit it to Payroll Services. The paper form is also available from Payroll Services in MAI 134.

To cancel a bond, please do one of the following:

• Complete the same U.S. Savings Bond Payroll Authorization form and choose option: "Cancel this Bond."
• Send a handwritten request providing your full name, UT EID, effective date of cancellation, and signature to Payroll Services.
• Send an e-mail to Payroll Services. Please include in your e-mail your UT EID, the type and face value of the bond, and the effective date of cancellation.

To make a change in ownership, face value, or co-owner/beneficiary for future bond purchases, please complete the U.S. Savings Bond Payroll Authorization form* and submit it to Payroll.

Additional Information:

To change bonds already issued, to redeem a bond, or to request a re-issue for a lost bond, please visit Treasury Direct for more information, or call the Federal Reserve Bank of Minneapolis at 1-800-553-2663.

Bonds issued after January 2003 cannot be redeemed within 12 months. Bonds issued earlier can be redeemed after six months. Additional information is available at Treasury Direct.

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