Series EE Bonds	Series I Bonds
	$50 - Costs $50
	$75 - Costs $75
$100 - Costs $50	$100 - Costs $100
$200 - Costs $100	$200 - Costs $200
$500 - Costs $250	$500 - Costs $500
$1,000 - Costs $500	$1,000 - Costs $1,000

Is there a minimum deduction to participate?

Yes. The minimum bi-weekly deduction is $1.25, and all bi-weekly deductions must be in multiples of $1.25. 

May I send cash or checks to the Commonwealth's Savings Bonds Program to purchase bonds through my account?

No. Bonds purchased through the Commonwealth’s Savings Bonds Program are purchased through accumulated payroll deduction only.

Can I cancel my payroll deduction for savings bonds?

Yes. You can cancel your payroll deduction for savings bonds at any time by completing section C of form SB-101 and filing it with your agency’s Personnel Office. The Treasury Department will refund, without interest, any amount standing to the credit of the employee upon receipt of the notification of cancellation from your agency’s Personnel Office. You can download an SB-101 form here, or request a copy from your agency’s Personnel Office.

Can I request a portion of the funds in my account or receive a loan from the funds in my Commonwealth Savings Bonds Program account?

No partial withdrawals or loans can be made from accumulated deductions in your Commonwealth Savings Bonds Program account.

Can I change my payroll deduction for savings bonds?

Yes. You can increase or decrease your payroll deduction at any time by completing section B of form SB-101 and filing it with your agency’s Personnel Office. You can download an SB-101 form here, or request a copy from your agency’s Personnel Office.

What happens to my account if I leave state employment?

When you leave employment with the Commonwealth of Pennsylvania, your payroll deduction will be automatically cancelled and any amount accumulated in your account will be refunded, without interest.

What happens to my account if I die?

Any amount accumulated in your account will be refunded, without interest, to the co-owner or beneficiary you authorized for your account.

Who can I list on my bonds?

United States Treasury guidelines dictate that bonds purchased through payroll deduction may be registered in:

    1. The name of one individual;
    2. The names of two individuals as co-owners;
    3. The names of two individuals – one as owner and one as beneficiary.

There are NO EXCEPTIONS.

Can I purchase bonds for more than one person through my Commonwealth Savings Bonds Program account?

Yes. While each Commonwealth of Pennsylvania employee may establish only one Savings Bonds Program account, the state Treasury can maintain a Multiple Bond Owner Account for you so that you can purchase bonds for more than one person through your account. Bonds are issued in the names of owners listed on your account on a ROTATING basis.

For example, you are the parent of two children and want to purchase bonds for both children. While the Treasury Department will maintain only one Savings Bonds Program account for you, payroll deductions accumulate in your account until sufficient to purchase a bond in the denomination you have requested for one child (owner or registrant) then, funds accumulate until sufficient to purchase a bond in the denomination you have requested for the other child.

To establish a Multiple Bond Owner Account, download and complete SB-102 – the Payroll Deduction Authorization for Multiple Bond Owners form and file it with your agency’s Personnel Office. You can download an SB-102 form here, or request a copy from your agency’s Personnel Office.

I lost a bond -- can it be replaced?

Yes. The state Treasury Department Savings Bonds Section can replace any bonds that have been lost or destroyed. Bonds are replaced free of charge, and are reissued with the original issue date. No interest or penalties apply.

For bonds issued since 1993, contact the state Treasury Department Savings Bonds Section to report the bond missing. The Savings Bonds Section will provide you with a completed PD F 3062 form and cover letter to mail to the Bureau of Public Debt to replace the bond.

For bonds issued prior to 1993, contact the federal Bureau of the Public Debt, 200 Third Street, Parkersburg, WV 26106, to request the serial number of the missing bond. Once you have the serial number, contact the state Treasury Savings Bonds Section to replace the bond.

Can I change my Commonwealth Savings Bonds Program account?

Yes, you can change the registration/owner for the bonds, the addresses on the account and the amount of your payroll deduction at any time according to the following guidelines:

• For account registration/owner and address changes, complete section A of form SB-101 and send it to the Pennsylvania Treasury Savings Bonds Section, Room 113 Finance Building, Harrisburg, PA 17120. (FAX: 717-783-1196) You can download an SB-101 form here, or request a copy from your agency’s Personnel Office.
  
  If you want to add another bond owner to your account or purchase bonds for more than one person, please see the question regarding Multiple Bond Owner accounts.
  
  
• For changes to payroll deduction amounts, complete section B of form SB-101 and file it with your agency’s Personnel Office. You can download an SB-101 form here, or request a copy from your agency’s Personnel Office.