Welcome to Savings Guide
Bristol County Savings Bank Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
United States Savings Bonds – An Insight
from:Introduction
The need to encourage a larger section of the citizens to build up their savings and also to develop a reservoir to fund the government’s borrowing needs, led the US government to develop lucrative schemes such as the United States Savings Bonds.
Widely regarded as one of the safest forms of investments in the US, these savings bonds are basically the debt securities issued by the U.S. Department of the Treasury, offered in a series of categories and denominations.
Key Benefits
There are a host of benefits that are associated with the purchase of the United States savings bonds.
The most important benefit of this form of investment in the US is that it is the safest way to secure and earn from your savings, the bonds being fully backed by the faith and credit of the U.S. government.
In addition to this, the federal taxes on the interest amount that is earned can be deferred until the buyer cashes in the bond, or alternatively, stops paying the interest at maturity. The United States savings bonds are also exempt from the state and local taxes, helping you save further.
Moreover, since these bonds are registered with the U.S. Treasury’s Bureau of Public Debt, they can be easily replaced in case the bonds get lost, stolen, mutilated or even destroyed.
Categories of US Saving Bonds
There are three main categories of US Saving Bonds that are currently being issued, though these categories might be subject to change form time to time.
Below we’ve included a brief description of each one of these.
a) Series EE Bonds – This category of the United States savings bonds are purchased at a price, half to that of the face value. The government allows the investor to purchase only bonds worth $5,000 up to face value in a given calendar year. The value of the EE bonds further increases in accordance with the interest that accumulates. Such bonds also pay an interest for a period of 30 years and upon maturity, the investor is paid the original investments along with the amount of interest that has accrued.
b) Series HH Bonds – This type of bonds can only be purchased in exchange for the Series EE or E bonds, Savings Notes or with the proceeds from a matured Series HH bond. Purchased at their face value in the denominations of $500 to $10,000, these bonds carry no upper limit. However they don’t increase in value and have a maturity period of 20 years in all.
c) Series I Bonds – These bonds are sold at face value and grow with inflation-indexed earnings for a period up to 30 years. Moreover, these bonds also have an upper limit of $5,000 that can be bought in a particular calendar year.
??
??
??
??
1
Bristol County Savings Bank Specific links
Bristol County Savings Bank News
Bristol County Savings Bank names Susan Nelson vice president - Taunton Daily Gazette
Bristol County Savings Bank names Susan Nelson vice president Taunton Daily Gazette Bristol County Savings Bank has added another vice president. Susan Nelson has been named vice president/senior marketing officer. She will be responsible for all aspects of the bank's marketing department. Nelson, a New Bedford resident, more recently ... |
Bristol County Savings Bank announces executive promotions - Taunton Daily Gazette
Bristol County Savings Bank announces executive promotions Taunton Daily Gazette By Anonymous Bristol County Savings Bank president/CEO Patrick Murray has announced a string of executive promotions within the Taunton-based bank. Leonard Sullivan has been promoted to first executive vice president and senior loan officer; ... |
Chamber taps top educator - Attleboro Sun Chronicle
 Attleboro Sun Chronicle | Chamber taps top educator Attleboro Sun Chronicle Presenting the $1000 check provided by Bristol County Savings Bank is, from left: William Warren, Jim Whitehead of National Grid, Chamber President Jack Lank, Warren, aide to US Rep. James McGovern, D-Worcester, Lisa Nelson and Principal of Augustine ... |
Business newsmakers - SouthCoastToday.com
Business newsmakers SouthCoastToday.com TAUNTON —Bristol County Savings Bank has announced that Leonard W. Sullivan has been promoted to first executive vice president and Julie DS Chapman, Bob DeMoura, Dennis Leahy and Michele Roberts have been promoted to executive vice president. |
Bell's Powder Coating gets $42k incentive check from NE Gas for efficient oven - Wicked Local
Bell's Powder Coating gets $42k incentive check from NE Gas for efficient oven Wicked Local Left to right: Matt Zenni, Program Manager of New England Gas; James M. Sweeney, General Manager; Nancy and Paul Belham of Bell's Power Coating; and Steve Hardy, Senior Vice President of Bristol County Savings Bank, show off the check in Bell's Powder ... |