A U.S. Savings Bond is a loan made by you to the federal government. When you purchase a savings bond, you are allowing the government to pay you back in the future with interest.
- The money you invest in the Savings Bond will receive the interest and principal repayment that is promised.
- The interest earned is tax deferred until the bond is redeemed. This helps your money grow faster than regular taxable investments such as Share Certificates.
- You can cash your Savings Bond for any reason by redeeming them at your local Altura branch.
Savings bonds make great gifts for minors.
Visit the U.S. Department of Treasury website to purchase a Savings Bond.
A one-time membership fee applies for non-members.