Savings Bonds have been around since 1935, when President Franklin D. Roosevelt signed them into law. There have been different types of bonds over the years, but today, the main types are Series EE and Series I Savings Bonds.
Both types of Savings Bonds are great investments, but Series I Bonds have the advantage of being protected against inflation. That means if inflation rises, the Series I Bond will pay more interest.
Series I U. S. Savings Bonds are especially attractive to new and/or small savers:
Top Ten Reasons to Save with a Savings Bond
- They are safe and secure
- Purchase does not require a credit check
- There are never any fees or charges
- You can buy a bond for as little as $50
- Bonds earn interest for 30 years
- You can take them wherever you go
- After one year, bonds are redeemable at most banks and credit unions with valid ID
- Bonds can be replaced if lost or stolen
- Bonds are convenient and easy to order at tax time
- Bonds will never lose money