Welcome to Savings Guide
Alliance Trust Savings Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Knowing the US Savings Bonds
from:Introduction
The government of any state or country always strives to offer enhanced and lucrative services to their citizens to encourage investments. The US savings bonds are one such form of investment options offered by the US Treasury, with the aim of funding the government's borrowing needs and also encourage savings and investments.
Key Aspects
The US savings bonds are basically defined as debt securities which are issued by the US Department of the Treasury, also termed as obligations of the US government. The most significant aspect of these bonds is that they are exempt from state and local income taxes.
These US savings bonds can be easily purchased from commercial banks or through an employer by payroll deductions. Consequently, these bonds can also be redeemed at many of the banks or alternatively, directly with a branch of the Federal Reserve Bank. The fastest way to encash a bond is to use your own bank, credit union or savings, though some documentation might be required for the purpose.
Another aspect about the US savings bonds, which is important to know, is that at the time of purchase, these bonds can be registered to a single person, to two people or can be registered to a primary owner and a beneficiary. Besides, the interest from the US savings bonds can also be excluded if used to pay higher education expenses, such as the likes of college tuition.
There are two main types of US savings bonds which are currently being issued. Below, we have given a brief description of each one of these.
1. I Bonds – These bonds are issued either on paper or electronically. Purchased at face value denomination, the minimum purchase amount is $50 for a bond issued on paper, $25 for a bonds purchased electronically, via Treasury Direct. These bonds are an accrual-type security, which means that the interest is added to the bond monthly.
2. Series EE Bonds – These bonds are issued on paper as well as electronically. Paper bonds are purchased at half their face value or denomination, while the electronic bonds are purchased at face value. The minimum purchase amount is $25 for a $50 paper bond and $25 for an electronic bond, from Treasury Direct.
For both the Series I as well as the Series EE US savings bonds, the interest can be deferred or declared on your taxes annually.
In case, your US savings bonds are lost, stolen, destroyed or mutilated, you are required to furnish a prompt notice to the Department of Treasury with all the possible details of the bonds, which will then be replaced accordingly.
1
Alliance Trust Savings News
Three's a big company for Willie Walsh - guardian.co.uk
 RTE.ie | Three's a big company for Willie Walsh guardian.co.uk, UK - He has applied for anti-trust immunity to form an alliance with American Airlines, opened merger talks with Iberia of Spain and is now considering a further ... BA in Qantas merger talks Australia says open to British Airways, Qantas merger |
List Of Cos Planning To Participate In US Govt's TARP - CNNMoney.com
List Of Cos Planning To Participate In US Govt's TARP CNNMoney.com - 18 Notes: Phoenix has not yet identified a savings association or savings and loan holding company to acquire. Company: Popular Inc. (BPOP) Participation: ... |
GG cuts trip short, heads home to deal with crisis - CTV.ca
 Canada.com | GG cuts trip short, heads home to deal with crisis CTV.ca, Canada - "I'm pleased to announce we are ready to form a government," said Dion on Monday, adding that the new alliance will "effectively, prudently, promptly and ... Just when you think he's beat, Dion gets up again |
Only mug punters trust to luck - Times Online
Only mug punters trust to luck Times Online, UK - As we report on pages 8-9, Alliance Trust has introduced a new fund platform that alters the existing fee structure of discount brokers, fund supermarkets ... |
AAM to slash further £20m from costs – and won't rule out job cuts - Scotsman
AAM to slash further £20m from costs – and won't rule out job cuts Scotsman, United Kingdom - Dundee-based Alliance Trust has made 20 staff redundant, the first time in the company's 100-year history it has had to resort to compulsory redundancies. ... |