I savings bonds are a type of savings bond issued by the U.S. government. They are considered to be one of the safest investments available, as they are backed by the full faith and credit of the United States. I savings bonds are also exempt from state and local income taxes, which makes them an attractive option for investors in high-tax brackets.
I savings bonds can be purchased through a variety of methods, including online, by mail, or through a financial institution. The minimum purchase amount is $25, and there is no maximum purchase amount. I savings bonds are issued in denominations of $50, $100, $200, $500, and $1,000. They mature in 20 years, and the interest rate is fixed at the time of purchase.
