Reader Question: Savings Bonds in myPay

Q. How do I purchase Savings Bonds in myPay and how do I request Bonds held in safekeeping?

A. Many service members have heard about purchasing savings bonds through the myPay system. Unfortunately, the DoD stopped selling bonds through payroll deductions in 2010. But there is still a way to get a savings bond using an allotment.

If you wish to start or continue purchasing Savings Bonds through payroll deduction, you must establish an account through http://www.treasurydirect.gov/. Then you may use myPay to start an allotment to TreasuryDirect by clicking on the allotment option at the Main Menu.

INFORMATION FOR BONDS HELD IN SAFEKEEPING FOR MILITARY MEMBERS:

All bonds being held in safekeeping as of the above date for ACTIVE DUTY MEMBERS will continue to be held until they are requested.

The request must include the service member’s name, complete Social Security Number, a valid address where the member would like the bonds to be mailed, a daytime telephone number, and the member’s dated signature. The request must indicate that the member wants the bonds released from safekeeping. Thirty days must be allowed before a member can claim non-receipt of a bond.

Navy members may submit their signed request in writing or by fax to:

DFAS-Cleveland Center
ATTN: CODE JDCAB
1240 East 9th Street
Cleveland, OH 44199
FAX: 216-522-6358 OR DSN 580-6358
PHONE VOICE: 216-522-5880
DSN VOICE: 580-5880

Marine Corps members may submit their signed request in writing or by fax to:

DFAS-Cleveland Center
ATTN: CODE JDCAB
1240 East 9th Street
Cleveland, OH 44199-2055
FAX: 216-522-6358 OR DSN 580-6358
PHONE VOICE: 216-522-5880
DSN VOICE: 580-5880

Army members may submit their signed request in writing, fax, or by email to:

Center Collection Mailbox
3801 Center Collection
P.O. Box 269490
Indianapolis, IN 46226-9490
FAX:  317-212-4339 or DSN 699-4339
PHONE VOICE: 317-212-8539
DSN VOICE: 699-8539
EMAIL: dfas-incdsbonds@dfas.mil

Air Force members may submit their signed request in writing, fax, or by email to:

Center Collection Mailbox
3801 Center Collection
P.O. Box 269490
Indianapolis, IN 46226-9490
FAX:  317-212-4339 or DSN 699-4339
PHONE VOICE: 317-212-8539
DSN VOICE: 699-8539
EMAIL: dfas-incdsbonds@dfas.mil

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