is a savings bond... ive heard of it but i dont exactly know what it is. dont be rude and think im stupid cuz im sorry i just dont know.
2007-11-08 10:53:52 · 3 answers · asked by kelly225800 2 in Business & Finance ➔ Personal Finance
they are bonds issued by the govt and are a good investment for the person who has very little money to invest -- i dislike people to deride them thinking everyone has thousands of dollars to put toward cds--- go on the internet us govt savings bonds and there are more info than you care to read!!!
2007-11-10 08:12:36 · answer #1 · answered by Anonymous · 0⤊ 0⤋
When you buy a U.S. savings bond, you are extending a loan to the federal government. You buy the bond for half the face amount, and when the bond matures, it will be worth the face amount. The length of time to maturity is determined by the interest rate you're getting -- a lower rate means the bond will take longer to mature, and a higher rate means the bond will take less time to mature.
2007-11-08 19:48:59 · answer #2 · answered by Kathryn 6 · 0⤊ 0⤋
It is a lousy 'investment' by means of a loan to the Federal government. CDs are just as safe and pay MORE.
2007-11-08 21:04:23 · answer #3 · answered by STEVEN F 7 · 0⤊ 0⤋