Annual Purchase Limit for Savings Bonds Set at $5,000
The U. S. Department of Treasury has announced the annual limitation on purchases of United States Savings Bonds at $5,000 per Social Security Number, effective January 1, 2008. The limit applies to your current payroll deduction of Series EE savings bonds.
Under the new rules, an individual can buy a maximum of $5,000 worth of electronic and paper bonds of each series in a single calendar year, in single ownership form.
Please note you do have the option of purchasing additional bonds via TreasuryDirect. Please visit the Treasury Direct website for more information on electronic purchases, the change in the purchase limit and frequently asked questions.
Also, please note due to the new limit that affects your payroll savings deduction, you will need to adjust your payroll deductions downward to a level that does not exceed $5,000 in a single year starting with 2009. The limit is $400 per month per owner/co-owner. The $400 limit can be a combination of several denominations.
The U.S. Savings Bond Deduction Authorization form is located on the Payroll website. Follow the instructions to adjust your enrollment and return the form to the Payroll Office no later than January 7, 2009.
If you have questions about completing the authorization, please contact the Hr/Payroll Service Center at 734-615-2000 (if you are in the Ann Arbor area) or at 1-866-647-7657 (toll–free within the United States).