A financial savings bond is a kind of government-issued safety that pays a hard and fast fee of curiosity over a specified time frame. Financial savings bonds are thought-about a low-risk funding, and they’re usually used to save lots of for long-term objectives, reminiscent of retirement or schooling. Financial savings bonds can be found in a wide range of denominations, and they are often bought by way of banks, credit score unions, and the U.S. Treasury Division.
Financial savings bonds supply a number of advantages, together with: