Welcome to Savings Guide
Usaa 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
Usaa Savings Bank News
Alleged scammer named in 27-count indictment - Syracuse.com
Alleged scammer named in 27-count indictment Syracuse.com One set of charges accuses Vanetten of stealing more than $3000 from the Syracuse Postal Federal Credit Union and then issuing eight checks that were refused by the USAA Federal Savings Bank in Clay last June and July. He's also charged with stealing ... |
MasterCard Names Nancy O'Malley as Chief Payment System Integrity Officer - MarketWatch (press release)
MasterCard Names Nancy O'Malley as Chief Payment System Integrity Officer MarketWatch (press release) Having built her career within USAA Federal Savings Bank in San Antonio, O'Malley has served in a number of roles, including: Vice President of Collections, Recovery and Fraud Control with responsibility for payment risk management for USAA banking and ... |
Matter of Record (May 15) - Times Record News
Matter of Record (May 15) Times Record News USAA Federal Savings Bank to David W. Rhone, et ux, No Property Description on Document, Property Address 4804 Pinehurst Dr., $16441.00, V3728 P759. Wells Fargo Bank to Mayo F. Aguirre, et al, No Property Description on Document, $47900.00, V3728 P822. |
PASSAGES Maurice 'JacJac' Blandin Jr. - Windy City Times
 Windy City Times | PASSAGES Maurice 'JacJac' Blandin Jr. Windy City Times ... 18400 S. Pulaski Rd., Country Club Hills, at 6 pm In lieu of flowers and family donations, Blandin's family has asked that donations be made to an account in his name (USAA Federal Savings Bank, routing #3140742269 account # 41017692). |
For the record - The Enterprise Ledger
For the record The Enterprise Ledger ... 4/30/12 Leigh C. Walker, USAA Federal Savings Bank, $150797, Legacy Farms, Phase II, Block E, Lot 7, 4/30/12 Rene A. Del Valle, USAA Federal Savings Bank, $266536, Shell Landing East, Phase II, Block B, Lot 6, 4/30/12 Shay O. Howell, Regions Bank, ... |