How to Purchase Savings Bonds
Savings Bonds are a safe and secure way to invest your money while helping out the United States government. These Savings Bonds give you an interest rate anywhere between 3% and 6% depending on the duration of the bond and at what time they were purchased. Here is how to purchase savings bonds and safely invest your money.
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Instructions
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Make a visit to your local bank. Almost all banks, even if they are local and small, will allow you to purchase as many savings bonds as you wish and will cash in up to $1000 of savings bonds you already own if you show identification
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At the bank, ask to see a manager about purchasing savings bonds. The manager will present you your many options in terms of the amount of the bonds, the duration of the bonds, the series of the bonds, and the various interest rates available. The manager will be happy to answer any of the questions you may have about savings bonds or the investing process.
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Select a bond that fits your financial situation and then purchase the bond from the bank with the help of the manager. Make sure to place the bond(s) that you purchase in a very secure location, preferably in a safety deposit box at the bank.
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Allow the savings bonds to mature for the entire length of their set duration and then you will have the ability to cash in the bonds and choose to either spend the money or reinvest the money by purchasing another savings bond
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Enjoy the security of investing your money into a United States government savings bond
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