answersLogoWhite

0

A premium savings bond is simply a bond which trades at a coupon rate that is higher than the prevailing interest rate. This increased coupon rate will cause the bond to mature faster than it otherwise would.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

How do you find out if you have won with a Premium Bond if you have lost the Premium Bond information?

I HAVE LOST THE PREMIUM BOND INFORMATION


Where can a list of premium bond winners be located?

You can find the list of premium bond winners on the official website of NS&I (National Savings and Investments) in the UK. They regularly update the list of winners and provide information on prizes won.


When was Premium Bond created?

Premium Bond was created in 1956.


Where can you cash a Seafirst Savings Bond?

Where can I cash in a Seafirst savings bond


Where can one purchase savings bonds in Canada?

In Canada, you can purchase two types of bonds; Canadian Premium Bond and the Canadian Savings Bond. You must first decide which you plan to obtain/hold. A Canadian Savings Bond can be purchased at nearly any place you bank including Credit Unions, discount brokerage companies and other trusted companies through out Canada. Different from a traditional CSB, and Canadian Premium Bond is set up strictly through your employer. This plan only takes new enrollment from October to November 1st annually.


Where to cash a US savings bond?

Cash a savings bond at any bank.


Where can one find an overview of how savings bonds work?

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.


Which option for saving money typically offers the least liquidity?

Basic savings account


How do savings bonds work?

When you buy a savings bond, you get a coupon payment periodically during the lifetime of the bond (typically 3%-4% of the face value), and when the bond matures, you get the original amount of money you paid back as well as the final coupon payment.


Where can I get a savings bond?

You can get a savings bond at most local and national banks. You can also purchase these bonds from the government.


Is a savings bond liquid?

no


When you buy a united States savings bond you?

When buying a United States saving bond you have to sign papers. This savings bond is there to keep until you come to age.