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Certificates of deposit (CDs), savings accounts, and high-yield savings accounts are alternatives to savings bonds. CDs, which offer a fixed rate of interest for the length of their terms ...
Another safe alternative to savings bonds and savings accounts is certificates of deposit. These sometimes earn higher rates and are commonly offered by federally insured banks and credit unions.
According to TreasuryDirect, purchases of savings bonds are generally issued to accounts “within one business day of the purchase date.” And if you buy a bond on a non-business day, it will be ...
President Franklin D. Roosevelt buys the first Series E bond (May 1, 1941). On February 1, 1935, President Franklin D. Roosevelt signed legislation that allowed the U.S. Department of the Treasury to sell a new type of security, called the savings bond, to encourage saving during the Great Depression.
Savings account rates are variable, vs. the fixed rates of savings bonds, but when rates trend high, they may pay a higher APY than savings bonds. Savings are not technically guaranteed by the U.S ...
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