Savings bond is the most popular and the best way to invest your money. May be you are interested in savings, if you have money that you want to invest and want to earn interest on it but you are afraid of the risk of investment.

Buy a savings bond is the best option for you! Buying savings bond is the safest way to invest money.

The most unique feature of the savings bond is that if the investor does not keep the bond with him for one whole month, even then he will receive interest for one month. While in the case of some other bonds, the investor will get paid for number of days he kept the bonds with him.   

There are two types of savings bond. One is EE savings bonds and the other is I savings bonds.

You must be a citizen of US to buy a savings bond.

You can buy the series I savings bonds at half the par value of the savings bond. For example, you buy saving bonds with a face value of ten thousand dollars; you have to pay five thousand dollars for that savings bond. After the period that government has specified, the saving bond will regain its original value that was ten thousand dollars. Till a specified time, if you keep these series I savings bonds with you, you will be paid interest on that. They are same as treasury bills and notes. The major difference is that treasury bills are short-term investments, notes have a maturity time of two to ten years, and saving bonds can give you interest till thirty years.

Because these bonds are issued by government, most of the tax is exempted on this investment which is a major advantage. As a rule, they are non-transferable and non-negotiable.  

Buying a series I savings bonds is not that crucial. Go to your bank or any other financial institution to buy series I savings bonds. You have to have your identification and social security number with you to buy series I savings bonds at lower initial price.

If you want to buy electronic series I savings bonds, you have to open up an account with the Treasury. Set up a Treasury Direct account online by using the link present in the available resources. Collect your personal information including your social security number, electronic banking information, and drivers license before you try to set up a Treasury Direct account. You will need this information while setting up the account. You can purchase electronic series I savings bonds at one-half the par value. For example, if you want to buy a saving bond of worth 100 dollars, you have to pay 50 dollars. You will receive your series I savings bonds via e-mail.

Buy series I savings bonds to secure your money and get interest over your investment.