How does TreasuryDirect work with payroll savings?
It’s simple… • You open a TreasuryDirect account. • You submit a request to your employer for a direct deposit (payroll) deduction (an instruction sheet is available in TreasuryDirect under Manage Direct, View My Funding Options). • Your employer establishes a direct deposit deduction from your pay in the amount you request. Your deduction is used to purchase a Zero-Percent Certificate of Indebtedness (C of I), which does not earn any interest, but is used as a source of funds to purchase Treasury securities within your TreasuryDirect account. • You may buy a savings bond after accumulating a minimum of $25 in the C of I or you can buy a Treasury bill, note, bond or TIP after accumulating a minimum of $100. You can also schedule a purchase in advance. The securities are then posted to your TreasuryDirect account.
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?
