Hh savings bonds are bonds that yield income every six months in the form of interest that is paid on the face value paid by the investor. The interest amount is directly deposited to one's bank account or sent as a check to the investor and is treated as a current income security. The principal amount paid by the investor never grows but the interest gained on the principal amount is paid twice a year to the investor which is seen as a drawback of these Hh Savings Bonds. Another important feature of the hh savings bonds is that it can be swapped for other series of Hh Savings Bonds or another Savings Bonds issued by the same institution. The drawbacks of the Hh Savings Bonds include that the interest amount paid is fixed and does not consider the inflation rate that prevails. Another major draw back is that the principal amount does not appreciate in an hh savings bond. These bond types suffer from the same draw back of the most of the Savings Bonds in the manner of yielding low and paying a very low interest rate to the investors. The Hh Savings Bonds are not transferable as in the case of equities and also are not eligible to be treated as collateral for getting loans from banks and financial institutions. The other major draw back of these kind of Hh savings bonds include that these bonds are not liquid and cannot be withdrawn until the maturity period arrives making it a non liquid asset. The basis thought given by the investment experts is that the hh bonds are beneficial over a period of five years but when considered in the long run, these bonds are useless as the time value of money concepts are not considered in designing these bonds. The time value of the current 100 dollars is not the same as it was earlier in 1900's and is not going to be the same in the future also and hence the initial investment invested in Hh savings bonds will remain the same for years with the value of money decreasing day by day which makes investors to avoid investing in bonds and is often considered an unattractive option of investment. Government is re designing these bonds and some of the earlier bond types that existed were discontinued because of this reason and steps have to be taken to make the bond market attractive.