How Do You Purchase A Savings Bond?
Since the U.S. government backs savings bonds, they are among the safest long-term investments – and make great gifts for kids. Step 1 Find out whether your local bank provides savings bonds. If it doesn’t, ask your banker to refer you to another source. Step 2 Meet with an officer at a bank that does sell bonds. Step 3 Decide how much money you wish to spend. Step 4 Determine your purpose in buying a savings bond. Nowadays, they are usually given as gifts to infants and children on birthdays and other important occasions. Step 5 Know the full name and, if possible, the Social Security number of the person who will receive the bond. Step 6 Complete the necessary paperwork. Step 7 Arrange for payment, either by withdrawing the money from your account, writing a check or paying cash. Step 8 Give the savings bond in person.
