Anyone can purchase savings bonds, the only difference is that, they are non-negotiable government bonds, non transferable and cannot be purchased or sold once the original purchase is carried out.
This governmental bonds are issued in face value denominations from $50 to $10,000, with local and state tax-free interest and semiannually adjusted interest rates.
Small adjustment for foreigners: you've got to have an SSN number, to buy. Then someone else may be added... Here's a perfect article: http://www.savings-bond-advisor.com/who-can-buy-savings-bonds/
FYI: paper bonds are sold now at a half of the face value (as of 12/2009).
Savings bonds can only be bought from the US Treasury. See link below for the Treasury's web page explaining about buying savings bonds.
Banks sell them.
How do I find out if I have unknown savings bonds
No, US Savings Bonds are not transferable.
You can find an overview of how Savings Bonds work online at Treasury Direct. On this website there is information on Savings Bonds including Savings Bond Calculator, Savings Bonds Wizard, Value Files and FRB Locator and more.
Go to the bank with your Id and social security number and tell them you want to buy a savings bond
Savings bonds can only be bought from the US Treasury. See link below for the Treasury's web page explaining about buying savings bonds.
Banks sell them.
How do I find out if I have unknown savings bonds
The US Treasury no longer offers paper savings bonds. In order to purchase a savings bond, you will need to register at their website and purchase digital savings bonds.
No, US Savings Bonds are not transferable.
You can find an overview of how Savings Bonds work online at Treasury Direct. On this website there is information on Savings Bonds including Savings Bond Calculator, Savings Bonds Wizard, Value Files and FRB Locator and more.
Yes. Buy a 100 USD bond every month of a new child's life until they turn 18. You will spend 10,800. Give them the bonds when they turn 18.
You can buy US Treasury Bonds at most financial institutions, such as your bank or credit union. Many companies offer Payroll Savings Plans. Or you can visit www.savingsbonds.gov and start an account and buy directly from the US Government.
"If you are really proud of your country, if you want to see her prosper and grow, then buy savings bonds."
Investing in bonds has been an American great savings plan. Investing in bonds has an expected end in which there is a hefty interest for the consumer. There are different types of bonds like treasury bonds, commercial bonds and municipal bonds. To start investing in bonds for the first time it is best to start with something simple and easy to obtain like the savings bonds. Savings bonds can be bought at your bank.
Regardless of how the bonds are purchased--for example, through an employer savings plan or a bank--it is the Fed that processes the applications and sends the bonds.