Welcome to Savings Guide
Bristol County Savings Bank Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
What is a Savings Bond?
from:Introduction
The government and authorities of the United States offers it citizens a vast number of opportunities for savings and enhancement of their income. From high-interest investments to those with a moderate-level interest but secure investments, such schemes have all sorts of saving opportunities to its citizens, a savings bond being one of the most popular of its kind.
By definition, a savings bond is basically a debt security, issued by the US Department of the Treasury in order to fund the U.S. government’s borrowing needs.
Categories of Bonds
Though the categories might undergo a change over a period of time, yet at the present there are three main categories of a savings bond in the US.
Below, we’ve included a brief description of each one of these.
a) SERIES EE BONDS – This type of a savings bond is purchased at a discount of half to its face value. The government places an upper limit of the bonds worth $5,000 (at face value) in a particular year, for this category of a savings bond.
b) SERIES OF HH BONDS – A savings bond belonging to this category can only be purchased in exchange of the Series EE or E bonds, Savings notes or with the proceeds of a matured Series HH bonds.
c) SERIES I BONDS – This type of a savings bond is sold at face value and grows with the inflation-indexed earnings for period going upto 30 years.
The Benefits
A savings bond is associated with a vast series of benefits for its customers. Here we’ve briefly listed the main benefits associated with the purchase of a savings bond:
i) Extremely safe and secure, having full government faith and support
ii) Federal taxes on the interest amount can be deferred till the time the buyer actually cashes in the bond
iii) Such a savings bond is exempt from the state and local taxes, augmenting the customers savings even further
iv) As they are registered with the U.S. Treasury’s Bureau of Public Debt, this type of a savings bond can be easily replaced in case it is lost, stolen, destroyed or mutilated.
In addition, these bonds can be easily purchased from the commercial banks or through an employer by payroll deductions. These bonds can also be redeemed at many of the banks or alternatively, directly with Federal Reserve Bank. Such type of a savings bond can also be registered to a different set of people, in capacities including individual, joint and other forms of partnership.
Having a comprehensive support system form the government, a savings bond is surely one of the safest and trustworthy forms of investments in the US.
??
??
??
??
1
Bristol County Savings Bank News
Bristol County Savings Bank names Susan Nelson vice president - Taunton Daily Gazette
Bristol County Savings Bank names Susan Nelson vice president Taunton Daily Gazette Bristol County Savings Bank has added another vice president. Susan Nelson has been named vice president/senior marketing officer. She will be responsible for all aspects of the bank's marketing department. Nelson, a New Bedford resident, more recently ... |
Bristol County Savings Bank announces executive promotions - Taunton Daily Gazette
Bristol County Savings Bank announces executive promotions Taunton Daily Gazette By Anonymous Bristol County Savings Bank president/CEO Patrick Murray has announced a string of executive promotions within the Taunton-based bank. Leonard Sullivan has been promoted to first executive vice president and senior loan officer; ... |
Chamber taps top educator - Attleboro Sun Chronicle
 Attleboro Sun Chronicle | Chamber taps top educator Attleboro Sun Chronicle Presenting the $1000 check provided by Bristol County Savings Bank is, from left: William Warren, Jim Whitehead of National Grid, Chamber President Jack Lank, Warren, aide to US Rep. James McGovern, D-Worcester, Lisa Nelson and Principal of Augustine ... |
Business newsmakers - SouthCoastToday.com
Business newsmakers SouthCoastToday.com TAUNTON —Bristol County Savings Bank has announced that Leonard W. Sullivan has been promoted to first executive vice president and Julie DS Chapman, Bob DeMoura, Dennis Leahy and Michele Roberts have been promoted to executive vice president. |
Bell's Powder Coating gets $42k incentive check from NE Gas for efficient oven - Wicked Local
Bell's Powder Coating gets $42k incentive check from NE Gas for efficient oven Wicked Local Left to right: Matt Zenni, Program Manager of New England Gas; James M. Sweeney, General Manager; Nancy and Paul Belham of Bell's Power Coating; and Steve Hardy, Senior Vice President of Bristol County Savings Bank, show off the check in Bell's Powder ... |