U.S. Savings Bonds are a type of debt security backed by the full faith and credit of the U.S. government. They are considered one of the safest investments because of this guarantee, but like all investments, there is some risk involved. Savings bonds can be bought directly from the government at www.TreasuryDirect.gov or through most banks and financial institutions. Bonds are issued in denominations of $25, $50, $75, $100, $200, $500, $1,000, $5,000, and $10,000. Interest on savings bonds accrues monthly and is paid when the bond matures or is redeemed. bonds typically mature within 10 to 30 years depending on the type of bond purchased. investors can choose to receive interest payments annually or have them reinvested in the bond (known as “compounding”). When cashing in a savings bond, you may be required to pay federal taxes on the interest earned if you have not held the bond for at least five years. You may also be subject to state and local taxes. Savings bonds can be transferred to another person only if that person is a co-owner on the bond or is listed as an heir on your estate after your death. You will need the social security number or tax identification number of the person to whom you wish to transfer the bond. The process for transferring a bond varies depending on whether you hold the bond electronically or in paper form. For more information on how to transfer a savings bond, please contact your bank or financial institution or visit www.TreasuryDirect.gov/indiv/research/indepth/savingsbonds/res_savings_bonds_cashing_transferring.html
Can someone lend me money, please?
Have you ever found yourself in a situation where you need some extra cash to cover unexpected expenses? Do you have bills piling up and
