TreasuryDirect is a website run by the Bureau of the Fiscal Service under the United States Department of the Treasury that allows US individual investors to purchase treasury securities, such as savings bonds, directly from the US government.
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TreasuryDirect started in 1986 as a book entry system with business conducted over postal mail, as an alternative to purchasing securities as engraved paper certificates.
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TreasuryDirect account enables purchasing treasury securities: Treasury bills, Treasury notes, Treasury bonds, Inflation-Protected Securities, floating rate notes, and Series I and EE Savings Bonds in electronic form.
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TreasuryDirect offers a way for people to convert their paper savings bonds into book entry form, which reduces the risk of losing paper bonds and allows redeeming bonds online.
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TreasuryDirect includes information and research tools to help individual investors purchase and manage Treasury securities.
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Account registration with TreasuryDirect includes an identity verification step, and the system requires some people to complete additional identity verification by bringing a paper form to a bank or credit union for a medallion signature guarantee, then mailing it.
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TreasuryDirect says that customer requests sent by mail can take up to 13 weeks to process.
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Terms and conditions for securities purchased through TreasuryDirect are in the Code of Federal Regulations in the form of a FAQ, including details about account management.
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TreasuryDirect service originated in 1986 as a computerized service conducted over postal mail.
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TreasuryDirect had 900,000 participants in 1996, which dropped in 1997 to 825,000 participants.
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TreasuryDirect website started selling electronic Series I bonds online in October 2002, and it added Series EE bonds in May 2003.
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Online TreasuryDirect service was part of Treasury's plan to stop selling paper savings bonds.
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In 2011, Treasury began phasing out Legacy TreasuryDirect, encouraging account holders to transition to the online system.
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In 2022, the TreasuryDirect website crashed at least once related to increased demand.
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In October 2022, TreasuryDirect updated its public informational website to make it easier to navigate and understand for investors looking for answers about bonds and other Treasury products.
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