How does payroll savings work in TreasuryDirect?
First, establish payroll deduction through your employer or direct deposit from your bank. Your deduction is sent to your Zero-Percent Certificate of Indebtedness (Zero-Percent C of I or C of I) in your TreasuryDirect account. The C of I does not earn interest and is intended to be used as a source of funds for security purchases. With regular deductions sent to your account, you may schedule a repeat purchase of securities to fit your needs.
First, establish payroll deduction through your employer or direct deposit from your bank. Your deduction is sent to your Zero-Percent Certificate of Indebtedness (Zero-Percent C of I or C of I) in your TreasuryDirect account. The C of I does not earn interest and is intended to be used as a source of funds for purchasing eligible interest-bearing securities.
Related Questions
- How much do I have to allot/direct deposit from my pay to participate in the TreasuryDirect Payroll Savings Plan?
- I used to participate in a traditional payroll savings plan. Can you automatically convert me to TreasuryDirect?
- How much do I have to allot from my pay to participate in the TreasuryDirect Payroll Savings Plan?
