What is U.S. Savings Bonds ?
A US savings bond is a type of government bond made available to the public to help pay for federal spending and guarantees investors a little return.
How US Savings Bonds Works ?
Savings Bonds bonds are offered at a discount with a zero coupon and an implied fixed interest rate for a predetermined amount of time. They can also be purchased as a gift for someone else.
Who is Eligible to Buy U.S. Savings Bonds ?
U.S. Savings Bonds are available to U.S. citizens, resident aliens, U.S. government employee and non-resident aliens who meet certain eligibility requirements.
Types of U.S. Savings Bonds
There are two types of US savings bonds, Series EE and Series I. Both types of United States Savings Bonds are sold in denominations ranging from $25 to $10,000.
Interest Rates of U.S. Savings Bonds
Interest rates are vary depending on type of bond and time period for which it is held. As of 2023, the interest rate for Series EE Bonds is 2.10% and Series I Bonds is 6.89%.
benefits of U.S. Savings Bonds
Savings Bonds are backed by the full faith and credit of the US government, which makes them a very safe investment option. They also offer a guaranteed rate of return.
How to Buy U.S. Savings Bonds ?
TreasuryDirect website is the one and only place to electronically buy and redeem U.S. Savings Bonds.