Miscellaneous 

Can you still buy a savings bond at a bank?

Joe Ford

Can you still buy a savings bond at a bank?

You can no longer purchase paper Series I and EE savings bonds—those convenient envelope-stuffer gifts—at banks and credit unions; you must buy electronic bonds through the Treasury Department's Web-based system, TreasuryDirect.

How much does a $100 savings bond cost?

Series EE bonds can be purchased in denominations of $50, $75, $100, $200, $500, $1,000, $5,000, or $10,000 and can be purchased for half of their face value; for example, a $10,000 EE bond would cost $5,000.

How much is a $50 EE savings bond worth after 30 years?

For example, a series EE bond that has a face value of $50 can be bought for $25. A series EE bond will reach full face value after 20 years and will stop earning interest after 30 years.

Are US savings bonds a good investment?

Savings bonds are not the best investment, even for college. The rate of return is set by the U.S. government and market conditions, and it can take up to 20 years for the bonds to fully mature to double their original value. 1 That is a fairly low rate of return.

Common questions 

Can you still buy a savings bond at a bank?

Joe Ford

Can you still buy a savings bond at a bank?

You can no longer purchase paper Series I and EE savings bonds—those convenient envelope-stuffer gifts—at banks and credit unions; you must buy electronic bonds through the Treasury Department’s Web-based system, TreasuryDirect.

How much does a $200 savings bond cost?

Savings bonds — series EE — are purchased for one-half of the face amount. For example, a $200 bond is bought for $100. The bond then earns interest and builds value toward the $200 denomination. The initial interest rate is unchanged until the bond is redeemed.

Can you roll over savings bonds into IRA?

Rollovers. You can transfer property, including matured savings bonds, tax-free from a trustee IRA or qualified retirement account, such as a 401(k), to an IRA as long as you observe the rules.

Why to buy US Savings Bonds?

Buying U.S. savings bonds is patriotic; when you lend money to Uncle Sam, you’re helping to finance the country’s borrowing needs. It’s good for America, and it’s good for Americans, too.

Which savings bond is better?

If you’re investing for the long term, a U.S. savings bond is a good choice. The Series I savings bond has a variable rate that can give the investor the benefit of future interest rate increases. If you’re saving for the short term, a CD offers greater flexibility.

What’s the best way to buy bonds?

Bonds usually can be purchased from a bond broker through full service or discount brokerage channels, similar to the way stocks are purchased from a stockbroker. Nov 18 2019

Where can you purchase a savings bond?

Go to www.treasurydirect.gov. Log into your TreasuryDirect account (or open one in your name). Purchase the type of savings bond you wish (Series EE or Series I), in the desired denomination ($25 to $10,000). Deliver the savings bond gift to the recipient’s TreasuryDirect account. Print out a gift certificate to give to the recipient. 8