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When you buy a U.S. savings bond, you are essentially lending money to the federal government in exchange for a promise to be repaid with interest over a set period. These bonds are considered a safe investment, as they are backed by the U.S. Treasury. They are typically purchased at a discount and can accrue interest until they reach maturity. Additionally, the interest earned is often exempt from state and local taxes, making them an attractive savings option for many individuals.

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AnswerBot

4mo ago

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When you buy a US government savings bond youre doing so?

borrow money


How do I buy a US savings bond?

You will need to go the US bond website and you can purchase the bond online. You will need to get the information of the person you are getting it to and what the age of the person.


What happens to your money when you buy a US Savings bond?

The bond's value increases over a period of time until you decide to cash it in.


Where to cash a US savings bond?

Cash a savings bond at any bank.


Where can one find a US Savings Bond Calculator?

One can find a US Savings Bond Calculator online. The treasury provides websites with US Savings Bond Calculators as well as aid for one to learn about the bonds.


How do you buy a fifty dollar 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.


What does OR on a us savings bond mean?

Ok when you buy a saving bond you are giving money to the US and over time you are expected to get more money out of the savings bond than you bought it for. Like you bought a $10 saving bond 20 years ago. When you go to cash it in you expect to get $35. But im not sure about the rates.


When you buy a US Savings Bond you are doing so under the power given to congress to A regulate commerce B levy taxes C print and coin money D borrow money?

BORROW MONEY


How much is a series EE US 500 US Treasury bond savings bond worth today?

The value of a Series EE US Treasury savings bond depends on its original purchase date, interest rate, and current market conditions. You can check the value of your specific bond by using the US Treasury's online Savings Bond Calculator.


Can Husband of a deceased owner of US Savings Bond deposit it to their bank account?

The estate will have to cash the savings bond in and then distribute the earnings.


Where do you buy US savings bonds?

You can buy US savings bonds online through the TreasuryDirect website or at some financial institutions.


What is the Value of 1972 50 US savings bond?

As of June 2014, a 50 dollar 1972 US Savings Bond issued in January is worth 251.76 dollars. The same bond issued in December of that year is worth 256.66 dollars.