Quick Answer: Where Do I Purchase Savings Bonds?

Purchasing Savings Bonds

Traditionally, you could buy U.S.

Savings Bonds at banks and credit unions, but that option ended in 2012.

The U.S.

Treasury only allows U.S.

savings bond purchases online or as part of your tax refund.

You still can redeem paper savings bonds at most financial institutions.

How long does it take for a $50 savings bond to mature?

Final Maturity

This means that the bond will continue earning interest for 30 years after you bought it, regardless of whether it reaches its value after 20 years with a special Treasury payment or earlier. After 30 years you need to redeem the bond because it won’t keep earning interest.

Where do u buy savings bonds?

You can buy EE savings bonds through banks and other financial institutions, or through the US Treasury’s TreasuryDirect website. The bonds, which are now issued in electronic form, are sold at half the face value; for instance, you pay $50 for a $100 bond.

How do you buy a savings bond for a baby?

  • 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.

How much does a $50 savings bond cost?

You can buy electronic bonds in any denomination between $25 and $10,000, down to the penny. They’re bought at face value: A $50 bond costs $50. Interest begins to accrue at the point of purchase.

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.

Do banks still sell savings bonds?

Traditionally, you could buy U.S. Savings Bonds at banks and credit unions, but that option ended in 2012. The U.S. Treasury only allows U.S. savings bond purchases online or as part of your tax refund. You still can redeem paper savings bonds at most financial institutions.

What can I give instead of savings bonds?

Alternatives to Savings Bonds for Kids

  1. 529 Plan. If paying for college is your goal, look into 529 plans, which are administered by each state.
  2. Savings Account. A regular savings account with a bank or credit union can be a suitable alternative to a savings bond for your child.
  3. IRA.
  4. Certificate of Deposit.

Are savings bonds worth it?

However, savings bonds are not the best investment, even for college. College students can cash the bonds at any time. The bonds are often not worth face value until twenty years after they are issued.

How long does it take for a Series I savings bond to mature?

Series EE bonds mature after 30 years, meaning they can earn interest for that period of time. EE bonds are sold for half of face value, and the U.S. Treasury Department guarantees that they will reach face value after 20 years.