A nontransferable, registered security issued by the Department of the Treasury at a discount in denominations from $50 to $10,000 The interest earned on savings bonds is exempt from state and local taxation and from federal taxation until the bonds are redeemed
Similar to zero-coupon bonds, savings bonds are sold at a discount to their face value, which is fully paid at maturity They are exempt from state and local taxes and you can defer paying federal taxes until maturity They can be purchased for as little as $50 or up to $10,000 The cost and the maturity depend on the series (E, EE and HH) and the interest rate being paid They can be bought or redeemed (after six months) at your local bank, the Federal Reserve or the Bureau of Public Debt Call 800-872-6637 or go to United States Savings Bonds to get more information and current rates BACK TO TOP
{i} governnment bond that is non-negotiable, government bond that cannot be purchased or sold once the original purchase is carried out; non-transferable registered bond issued by the Unite States Treasury in denominations of $50 to $10,000
A government bond issued in face value denominations from $50 to $10,000, with local and state tax-free interest and semiannually adjusted interest rates
United States government bonds with face values of between $50 and $10,000 Considered low risk investments since they are guaranteed by the full faith and credit of the US government Savings bonds will not usually make as much money as mutual funds because they have less risk However, because savings bonds have less risk, you are less likely to lose money
A nontransferable registered bond issued by the U.S. government in denominations of $50 to $10,000. a bond that is sold by the US government and that cannot be sold from one person to another