Code of Federal Regulations · Section
§ 359.48 — How Are Redemption Payments Made For My Redeemed Book-entry Series I Savings Bonds?
31 C.F.R. § 359.48
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We will make payments electronically by direct deposit, using the ACH method, to your designated account at a United States depository financial institution. You may also direct that a payment be used to purchase a certificate of indebtedness to be held in your New Treasury Direct account.
Authorizing Statute
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Departmental regulations5 U.S.C. § 301
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Savings bonds and savings certificates31 U.S.C. § 3105