Who can give me some advice concerning US Savings Bonds?
March 19, 2009 by How Savings Bonds Work
Filed under More Bonds Answers
Can you answer mpalmernyc’s question about Bonds?:
Mother gave me some cash and asked that I get a US Savings Bond for my Newborn Son. I have to plead total ignorance regarding them. Can anyone give me some plain english advice? EE vs. I Bonds, Paper vs. Electronic? Is it a feasable investment option versus just keeping it in a Savings Account that I already set up?
Us Treasury Savings Bonds
Mother gave me some cash and asked that I get a US Savings Bond for my Newborn Son. I have to plead total ignorance regarding them. Can anyone give me some plain english advice? EE vs. I Bonds, Paper vs. Electronic? Is it a feasable investment option versus just keeping it in a Savings Account that I already set up?
Us Treasury Savings Bonds
Bonds Feedback: Yes it is feasible option when compared to regular savings account.
Dont Buy Treasuries electronically ( ie, via any online brokearge)…..You will be taxed a lot……Try to buy using Treasury Direct.Go to google and search ” Treasury Direct”.
Bonds Feedback: Have them both, I bond and EE bond.
Right now.. the I bond is the better deal right now earning more interest. As for myself, I just tuck them away when I get them and every few years I add them up.
Bonds Feedback: you can also purchase savings bonds at your local bank. Just go in and ask them about buying savings bonds (and they can also explain the difference between the 2 bonds for you). You’ll fill out a form, pay them the money and then the bonds will be mailed to you in a week or so. Or you can buy them online from as well.
Bonds Feedback:
Bonds Feedback: Open your online account with a “Minor Linked Account” (custodial account) for your son at
Once you open the account you can purchase bonds for him.
I buy U.S. Series I Savings Bonds for my girlfriend’s granddaughters each Christmas and on their birthdays.
I just hold the bonds in the “Gift Box” of my account for them since I am not their legal guardian and could not open a custodial account for them.
Note: The advantage of holding bonds in a U.S. Treasury Direct account is that there are no paper certificates that can be lost or destroyed in a fire.
Also, the next time you want to buy a bond all you have to do is log on to the website from your home computer and schedule another bond purchase. It takes no more than 3-5 minutes once the account is set up.
To get some basic information:
Go to the website and click on “Savings Bonds as Gifts” on the left side of the screen in the Quick Links for Individuals section. When the next page comes up click on “Minor Linked Account”. This will take you to a page that will explain the types of accounts at the top of the page and when you scroll down the page it explains the types of bonds available.
Example: EE bonds, I bonds.