US Savings Bonds are issued by U.S. Department of Treasury to fulfill borrowing needs of U.S Government. US savings bond is considered as the safest bonds and large number of investors invest in issues offered by U.S. Department of Treasury. Special tax-exemption facilities are provided with these US savings bond. Usually tenure of US savings bonds are for seven years or more. US savings bond became popular from the time of second world war,primarily these saving bonds were tailored to meet fund requirements during war. The term US savings bond was coined after second world war. This bond has lesser risks associated and investors find it safe and secured to invest.
Issuer of the US savings bond,Department of Treasury of United States back investors with full faith and credit of United States. While investing ,it is prudent to be aware about the types of governmental expenditures. There are also certain ways of tax-exemption and Internal revenue service publishes Publication 550 and IRS Form 8815,these provide a clear insight about specific ways of tax exemptions. An investor can defer federal taxes until the time he enjoys getting interests from US savings bond. Online saving bond calculation facilities are of great help for the investors.
The different types of US saving bonds are as follows:
Series EE Bonds :
These bonds are purchased with a special discounted rates which are equivalent to the face value prices of the bonds. Within a particular calendar year it is not possible to buy a face value that exceeds $30,000.Value of these bonds increase as the interests accumulates and interest for 30 years are paid along with the principal investment amount.
Series HH Bonds :
This type of US saving bond can be purchased in exchange of Saving Notes,E Bonds and EE Bonds or by using the proceeds from the matured series HH Bond.Face amount for purchase of Series HH bonds are $500 to $10,000 .There is no limit in amount purchased .HH Bonds do not increase in value,the maturity period of these bonds are 20 years.
Series I Bonds :
These bonds can be purchased at 50 to $10,000 denominations.During any calendar year these bonds can be purchased.
US saving bonds can be purchased from commercial banks,these bonds are also sold online,with a few clicks of mouse it is possible to buy these bonds.The commercial banks act as agents of the Treasury.These bonds can be redeemed at branches of Federal Reserve Bank and also at many branches of other commercial banks.
Issuer of the US savings bond,Department of Treasury of United States back investors with full faith and credit of United States. While investing ,it is prudent to be aware about the types of governmental expenditures. There are also certain ways of tax-exemption and Internal revenue service publishes Publication 550 and IRS Form 8815,these provide a clear insight about specific ways of tax exemptions. An investor can defer federal taxes until the time he enjoys getting interests from US savings bond. Online saving bond calculation facilities are of great help for the investors.
The different types of US saving bonds are as follows:
Series EE Bonds :
These bonds are purchased with a special discounted rates which are equivalent to the face value prices of the bonds. Within a particular calendar year it is not possible to buy a face value that exceeds $30,000.Value of these bonds increase as the interests accumulates and interest for 30 years are paid along with the principal investment amount.
This type of US saving bond can be purchased in exchange of Saving Notes,E Bonds and EE Bonds or by using the proceeds from the matured series HH Bond.Face amount for purchase of Series HH bonds are $500 to $10,000 .There is no limit in amount purchased .HH Bonds do not increase in value,the maturity period of these bonds are 20 years.
Series I Bonds :
These bonds can be purchased at 50 to $10,000 denominations.During any calendar year these bonds can be purchased.
US saving bonds can be purchased from commercial banks,these bonds are also sold online,with a few clicks of mouse it is possible to buy these bonds.The commercial banks act as agents of the Treasury.These bonds can be redeemed at branches of Federal Reserve Bank and also at many branches of other commercial banks.
