I want to purchase a government security for my nephew that cannot be redeemed for 20 years. I want to spend $100. What do I buy and where do I buy it?
2007-04-17 02:53:45 · 3 answers · asked by keith100_adams 2 in Business & Finance ➔ Investing
The only thing I can think of is a US Savings Bond. Safe, inexpensive, guaranteed, and you cannot cash them in early. Everything else is a minimum of $10,000 investment.
You can get them Treasury Direct here:
http://www.treasurydirect.gov/indiv/myaccount/myaccount_treasurydirect.htm
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2007-04-17 03:00:53 · answer #1 · answered by Sane 6 · 0⤊ 0⤋
The government made it easy for you. You can do it online: http://www.treasurydirect.gov/
It's not just savings bonds anymore. Good luck.
2007-04-17 03:04:47 · answer #2 · answered by Rabbit 7 · 0⤊ 0⤋
Your local bank is a good place to buy I-Bonds and EE-Bonds. Furthermore, he won't have to pay income taxes on them if he uses them for college.
Also check out http://www.treasurydirect.gov/
2007-04-17 03:00:20 · answer #3 · answered by mukwonago53149 5 · 0⤊ 1⤋