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Savings Bonds – The Basics
from:Introduction
Saving bonds are basically debt securities which are issued by the U.S. Department of the Treasury in order to fund the U.S. government's borrowing needs.
Considered as one of the safest forms of investments in the US, savings bonds come in various types and categories and have a series of benefits associated with them.
Types of Saving Bonds
There are three main categories of savings bonds at the present. It is important to note that the categories of savings bonds might undergo changes over the due course of time.
The various categories include:
1. Series EE Bonds – Having replaced the earlier Series E bonds, these are purchased at a discount of half to their face value. As per the government regulations, in a given calendar year, you can only buy upto a face value of $5,000. These EE bonds increase in value in accordance with interest that accrues or accumulates. Such saving bonds pay an interest for 30 years and when the bonds mature, the buyer is paid the original investments, along with all the interest.
2. Series HH Bonds – The Series HH Bonds are those that can only be purchased in exchange for the Series EE or E binds and Savings Notes, or, alternatively, with the proceeds form a matured Series HH bond.
These savings bonds are purchased at their face amount, in $500 to $10,000 denominations, but carry no upper limit on the amount that can be purchased. In addition, they do not increase in value and have a maturity period of 20 years.
3. Series I Bonds – The savings bonds of this category are sold at face value and grow with inflation-indexed earnings for a period of up to 30 years. Bonds worth the amount of $5,000 can be bought in a particular calendar year.
Tax and Other Benefits
To begin with, savings bonds are regarded as the safest form of investment in US, being backed by the full faith and credit of the U.S. government.
The other numerous benefits of opting for savings bonds include:
• Federal taxes on the interest amount can be deferred until the buyer cashes in the bond or stops paying the interest at maturity.
• Saving bonds are exempt from the state and local taxes, helping you to save further
• Being registered with the U.S. Treasury's Bureau of Public Debt, these bonds can be replaced if the bond is lost, stolen or destroyed.
Considered as one of the safest and most lucrative form of investments in the U.S., these savings bonds find a large number of takers every year, especially amongst those looking at enjoying the tax benefits involved.
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Florence Savings Bank News
Alleged Florence Savings Bank robber held on $20000 bail - GazetteNET
 GazetteNET | Alleged Florence Savings Bank robber held on $20000 bail GazetteNET NORTHAMPTON - A 33-year-old Holyoke man is being held on $20000 cash bail after pleading not guilty to a charge of unarmed robbery in connection with the Friday robbery of the Florence Savings Bank branch on King Street. Thadius D. Romanowski, of 579 ... 22News First Edition 2-06-12 |
Bank robber had helper, police allege - GazetteNET
 MassLive.com | Bank robber had helper, police allege GazetteNET By BOB DUNN STAFF WRITER NORTHAMPTON - Police say a series of text messages helped link a Holyoke woman to the suspect in Friday's robbery of the Florence Savings Bank branch on King Street. Laura G. Briggs, 31, of 579 Northampton St., Apt. 14, ... Security footage leads to arrest in Florence Savings Bank robbery |
Robbery reported at Florence Savings Bank in Northampton - MassLive.com
 MassLive.com | Robbery reported at Florence Savings Bank in Northampton MassLive.com By Patrick Johnson, The Republican View full sizeStaff photo by Diane LedermanThe scene outside Florence Savings Bank at King and Finn streets Friday night. Police are looking for a robber who made off with an unknown amount of cash during a 4 pm ... Florence Savings Bank Robbery Suspect Arrested Police search for Northampton bank robbery suspect Police looking for bank robbery suspect |
People on the Move - Business West
People on the Move Business West Edward J. Garbacik, Vice President of FSB Financial Group at Florence Savings Bank, has completed his CFP certification requirements from the Certified Financial Planner Board of Standard. Certification encompasses seven major financial planning areas ... |
Summit briefs - GazetteNET
Summit briefs GazetteNET #DOLLARS FOR SCHOLARS: The Easthampton Dollars for Scholars scholarship applications are now available at the Easthampton Savings Bank, Florence Savings Bank, and Easthampton High School for Easthampton residents continuing their education. |
Republic Bank & Trust Company Expands into the Nashville, Tennessee Market ... - MarketWatch (press release)
Republic Bank & Trust Company Expands into the Nashville, Tennessee Market ... MarketWatch (press release) Republic Bank & Trust Company has 34 banking centers in 12 Kentucky communities - Covington, Crestwood, Elizabethtown, Florence, Frankfort, Georgetown, Independence, Lexington, Louisville, Owensboro, Shelbyville and Shepherdsville and three banking ... |
Gus on Groton - Nashoba Publishing
Gus on Groton Nashoba Publishing By Gus Widmayer Robert Gamlin's parents, Florence and Edward, were married on June 21, 1916, in Groton and stayed on with his grandmother, Emma Jane Gamlin, at Crystal Spring Farm on Old Dunstable Road. In addition to Bob, Florence gave birth to Edward ... |
Arabs Seek Safety in Dollars After Uprising Euphoria Collides With Reality - Bloomberg
 Bloomberg | Arabs Seek Safety in Dollars After Uprising Euphoria Collides With Reality Bloomberg Promised Western aid has yet to arrive, savings in foreign currencies have grown and government borrowing costs have surged. “There is a distinct possibility that we get regression before we see progression,” Florence Eid, the London-based chief ... |