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US saving bonds
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The current interest rates of US Saving Bonds are 0.2 percent for Series EE Bonds. Series I Bonds have interest rate of 1.18 percent. Series HH Bonds have interest rate of 1.5 percent.
Paper saving bonds can no longer be purchased at banks and other financial institutions. The US Treasury sells savings bonds online at www.treasurydirect.gov.
congress can borrow money from the saving bonds
US saving bonds
Paper saving bonds can no longer be purchased at banks and other financial institutions. The US Treasury sells savings bonds online at www.treasurydirect.gov.
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The chief advantages of having a Saving Bank Account are 01) It enables to save money.02) It develops the habit of Saving.03) It enables us to deal less in physical cash.
Savings bonds are backed by the U.S. government. Payment of the interest and principal is guaranteed. Read more at http://www.kiplinger.com/article/investing/T052-C000-S001-what-you-need-to-know-about-u-s-savings-bonds.html#gfBd1CK2L52fTUhH.99
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U.S. Treasury bonds are an investment tool that loans money to the government, and in turn the owner of the bond may collect interest on that loan. Advantages for investing in U.S Treasury bonds are that they are exempt from state taxes, and they are guaranteed to be paid when it comes time to cash the bonds in.