If you are wondering where to put cash away for a rainy day, a traditional savings account may be underwhelming. Many people turn to alternative investments to save money for the future. For most people, U.S. savings bonds may be one of the safest ways to set money aside. After all, they are issued and backed by the...
Just because paper savings bonds haven’t been in production since 2012 doesn’t mean you can’t still reap their benefits. In an effort to save money by reducing paper products, the government made the digital switch. This change enables consumers to earn money with this old-fashioned investment strategy but eliminates the risk of losing the bonds in a fire or robbery.
You can still redeem your paper bonds from local and national financial institutions, but all new bond purchases are in digital format.
Learn about the different series of bonds being issued and how each one differs. GOBankingRates provides all the information you need to understand savings bonds, choose the bond the will best help you achieve your financial goals and where to purchase bonds.
Start browsing GOBankingRates today to see how its resources can help prepare you to invest in bonds.