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You most likely know what a savings bond is. However, do you know why it is a good idea to purchase one? There are many great benefits to buying and holding on to your savings bonds for as long as possible.
The Bonds Earn InterestEach savings bond that you purchase will earn interest on a quarterly basis. When the economy is doing well, you can expect an interest rate of as much as five percent. If the economy is doing poorly, you will still accrue interest on the bond. Fortunately, the interest rate on a savings bond is variable if purchased between 1997 and 2005. This means that the amount of interest paid is dependent on current conditions regardless of when it was purchased.
They Are Purchased At A DiscountSavings bonds are purchased at less than face value. This means that a $50 savings bond is generally purchased for only $25. The only downside is that your bond would only be worth $25 when your purchase it. You would then have to wait several years until the bond matures for it to be worth face value.
Savings Bonds Are A Safe InvestmentLike other government notes, a savings bond is a safe investment that will give you a steady and predictable return. Therefore, you can rest assured that your money is going to be there when you want to redeem your bond. After you cash your bond, you can use if for any purpose. However, keep in mind that you will be subjected to income tax on any bond that is cashed in.
Buying a savings bond will help you save for the future while also helping the government raise money to pay its bills. They are a safe investment that can help you pay for college, save for a home or help you meet a myriad of other future financial goals.
What else can I help you with?
Where to purchase us savings 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.
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.
How do you find out if you have a unclaimed savings bonds?
How do I find out if I have unknown savings bonds
Can your you sign savings bonds over to someone?
No, US Savings Bonds are not transferable.
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.
How do you get 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.
Can a person drawing social security disability purchase us savings bonds through the government?
Yes. There are no restriction for you to purchase US Savings Bonds, if you can afford to do so.
Where to purchase us savings 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.
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.
What are the best savings bonds to purchase in Canada?
The best Canadian saving bonds to purchase would the Canada Premium Bonds. They are only cashable during a period of 30 days, starting at the anniversary of the issue date.
Purchase EE savings bonds?
Go to any bank. They'll fix you right up.
Where can you purchase U S Savings Bonds?
At any US Bank, or online thru the government.
Where to purchase 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.
How do you find out if you have a unclaimed savings bonds?
How do I find out if I have unknown savings bonds
Can your you sign savings bonds over to someone?
No, US Savings Bonds are not transferable.
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.
How To Purchase Savings Bonds?
For many years, one of the more popular choices for gifting money to a young person has been savings bonds. People love them because they're easy to buy, can be bought in small denominations and give the child something tangible to hold on to. While savings bonds have given way to UGMAs and 529 accounts as investment vehicles of choice, savings bonds still maintain popularity. If you're in the market for savings bonds on your own, the options have changed a little over the years but the process remains simple and quick. Your easiest option may still be visiting your local bank. Most banks both small and large offer you the ability to purchase individual bonds. Go into the bank and tell them you'd like to purchase a savings bond. A representative of the bank will walk you through all the options. There are different types of bonds and each has its own rules and maturity schedule so you'll need to figure out which works best for your situation. It'll probably be helpful to have all the information for the person you're buying the bond for. That includes address and contact information as well as the recipient's social security number. If you don't want to make the trip down to your bank, you can buy your savings bonds online as well. The Treasury Department has set up a website - www.treasurydirect.gov - where you can purchase savings bonds (and other Treasury products like T-bills) directly. You can purchase your bonds in about 10 minutes. Unlike purchasing bonds at a bank, there is no paper bond issued when you purchase online. All account information and balances are maintained online at the government's website. While there are a couple more methods of purchasing savings bonds, these two methods continue to be the most used. Regardless of the way you choose to buy bonds, purchasing those remains easy and cheap. With savings bonds, you'll have a gift that a child will enjoy for years to come.
