University of Minnesota
Office of Human Resources
http://www.umn.edu/ohr
612-625-2016

Purchase Savings Bonds

You can purchase savings bonds through direct deposit to the U.S. Treasury Department program called TreasuryDirect. You can establish an online account to purchase, hold, manage, and redeem electronic savings bonds, and it's available to you 24 hours a day, 7 days a week.

Purchase Instructions

  1. Set up an individual/personal account online at www.treasurydirect.gov.

    Make a note of the routing number and account number you are provided, after you set up your account, as you will need it for the next step.

  2. Set up your direct deposit using the Direct Deposit self-service action at Employee Self-Service.

    Select “Add Account” and indicate the dollar amount or percentage you want deducted each pay period using the routing and account number from TreasuryDirect. This amount will be routed to a fund at TreasuryDirect.

    The routing number for TreasuryDirect is 051736158. You will receive your account number from TreasuryDirect via e-mail. You can designate the Treasury Direct account type as either a checking or savings account.

  3. Purchase your savings bonds online.

    Your money will accumulate in a fund at TreasuryDirect, but you will not earn any interest until you purchase a savings bond. You may purchase a saving bond in two ways:

    1. periodically login to TreasuryDirect and purchase a saving bond with the funds you have accumulated, or
    2. schedule automatic recurring purchases.

Further Information

For more information on the advantages of online savings bonds, visit TreasuryDirect Payroll Savings.

To see how easy it is to open an account, take a TreasuryDirect Guided Tour.