Savings Bonds as Gifts
More People are Giving Savings Bonds for Life Celebrations
Savings bonds are a great gift idea for so many people in your life. Savings bonds are less impersonal than a gift card, and they are a great investment to give.
Let's Hear It For America!
Savings bonds have a somewhat patriotic feel to them as well especially in a post 9-11 world. Savings bonds are very convenient because they can be purchased online or at banks. I bonds are inflation-protected. They allow consumers to get more interest than inflation. Patriot bonds are EE bonds. They have a locked-in interest rate and are considered low risk.
Get Them Started Young
Savings bonds are an especially good gift for kids because they can get them excited about saving, and they will have something to look forward to. Ideally, you should wait until savings bonds reach their maturity before cashing them. Savings bonds that are used towards education sometimes are not subject to taxes which can be beneficial for your intended gift recipient.
Watch the Growth
One neat thing is that there is an online calculator at Treasury Direct which allows consumers to determine the value of their savings bonds by entering the denomination and issue date.
Great for Babies
Savings bonds are a great gift for newborns especially if you are invited to a baby shower. Expectant moms sometimes end up getting duplicates of certain baby gear, but getting more than one savings bond is certainly something any new mom would welcome. When you are purchasing a savings bond for someone, you will need that person’s social security number so make arrangements to get that information in advance.
Great For Adults Too
You don’t have to be pint-sized to benefit from a savings bonds. More and more people are giving savings bonds as wedding gifts. Savings bonds provide the perfect way to commemorate such a joyous occasion. Just think. When the new couple goes to cash their savings bonds in years to come, they will be reminded of you.