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CandleFocus Glossary Editor
What are U.S. Savings Bonds?
U.S. Savings Bonds are U.S. government securities issued by the Department of Treasury that are available for purchase by American citizens. They are long-term investments – typically maturing in fifteen to thirty years – intended to help individuals save money for the future. Savings Bonds are popular because they are safe investments with the added bonus of providing tax-deferred growth of interest until the bond is cashed in or the maturity date arrives.
U.S. Savings Bonds come in two varieties: Series EE and Series I. Series EE bonds are sold at half of their face value, with a maturity period of twenty years. Series I Bonds are sold at their face value, and their interest rate is adjusted for inflation. Both types of bonds are designed to give holders steady, moderate returns on their investment.
U.S. Savings Bonds come with a number of benefits. Most notably, they are extremely safe, backed by the full faith and credit of the United States government. Additionally, Savings Bonds are free from state and local taxes, and the interest earned is exempt from federal income tax until the bond is cashed in or the maturity date arrives.
Recent changes to U.S. Savings Bonds have made them more accessible to the public. For example, both types of Savings Bonds can now be purchased online through the Department of Treasury’s website. Additionally, paper Savings Bonds are no longer sold at financial institutions; instead, individuals can purchase paper bonds at a local Treasury Retail Securities Site, or through the TreasuryDirect® website.
U.S. Savings Bonds are excellent options for individuals looking for a safe, low-risk investment. Investors can rest assured that their investments will be secure and will grow steadily, and the added benefits of tax-deferred growth and federal guarantees make Savings Bonds even more attractive. With the recent changes to their availability, U.S. Savings Bonds have become more accessible than ever before, and they remain an attractive option for those looking to set aside money for the future.
U.S. Savings Bonds are U.S. government securities issued by the Department of Treasury that are available for purchase by American citizens. They are long-term investments – typically maturing in fifteen to thirty years – intended to help individuals save money for the future. Savings Bonds are popular because they are safe investments with the added bonus of providing tax-deferred growth of interest until the bond is cashed in or the maturity date arrives.
U.S. Savings Bonds come in two varieties: Series EE and Series I. Series EE bonds are sold at half of their face value, with a maturity period of twenty years. Series I Bonds are sold at their face value, and their interest rate is adjusted for inflation. Both types of bonds are designed to give holders steady, moderate returns on their investment.
U.S. Savings Bonds come with a number of benefits. Most notably, they are extremely safe, backed by the full faith and credit of the United States government. Additionally, Savings Bonds are free from state and local taxes, and the interest earned is exempt from federal income tax until the bond is cashed in or the maturity date arrives.
Recent changes to U.S. Savings Bonds have made them more accessible to the public. For example, both types of Savings Bonds can now be purchased online through the Department of Treasury’s website. Additionally, paper Savings Bonds are no longer sold at financial institutions; instead, individuals can purchase paper bonds at a local Treasury Retail Securities Site, or through the TreasuryDirect® website.
U.S. Savings Bonds are excellent options for individuals looking for a safe, low-risk investment. Investors can rest assured that their investments will be secure and will grow steadily, and the added benefits of tax-deferred growth and federal guarantees make Savings Bonds even more attractive. With the recent changes to their availability, U.S. Savings Bonds have become more accessible than ever before, and they remain an attractive option for those looking to set aside money for the future.