Pittsburgh-based dollar Bank, with $2.5 billion in assets, has become the first institution to offer its customers Series EE U.S. savings bonds over the Internet.

To purchase the savings bonds, customers fill out a form through Dollar Bank's NetBanking service, instructing it which account to charge. Dollar Bank then charges the customer's account, sending the order electronically to the savings bonds processing center at the Federal Reserve Bank in Pittsburgh. The savings bond is mailed to the customer about a week later.

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