Savings bonds are good investments. Want to know where to buy savings bonds and what are the benefits you can get when you buy savings bonds? A loyal reader from California, USA asked “Are bonds a good investment? If you think it is, where do you purchase savings bonds?”.
Investing in bonds is very easy. You can invest in bonds through mutual funds called bond fund. You can also purchase any types of bonds through the Department of Treasury or if you are in Canada, try Canada Savings Bonds.
Where to Buy Savings Bonds?
We all know that if you have stocks and bonds, your investments are well diversified. Because stocks are high risk and bonds are low risk types of investments, if you have them both, you have a balanced portfolio.
But the question remains simple. Maybe you ask, buying stock shares is through stock broker but when it comes to investing in bonds, where to buy savings bonds?
As I have written in my previous post, you can easily buy savings bonds in United States via Department of Treasury. In TreasuryDirect.Gov, you can buy savings bonds online.
According to TreasuryDirect.gov,
“In your TreasuryDirect account, you can purchase and hold Treasury bills, notes, bonds, Floating Rate Notes, Treasury Inflation-Protected Securities (TIPS), and savings bonds, and it’s available to you 24 hours a day, 7 days a week.”
“You can buy and redeem bonds at any time of day at TreasuryDirect.gov. Opening a TreasuryDirect account takes about 10 minutes.”
Buy Savings Bonds Online at Treasury Direct
To open an Treasury Direct account, you’ll need some important documents like TIN or social security number, a proof of address, a checking or savings account, email address and a up-to date web browser. [1]
Citations and Reference:
[1] http://www.treasurydirect.gov/readysavegrow/start_saving/buying_bonds.htm
Now you know where to buy savings bonds. Don’t just invest money. Invest money the smart way. Search and find out the savings bonds interest rates. Allocate your assets by buying savings bonds and stock shares. Do you have experience in buying savings bonds in Treasury Direct? Leave your review and feedback about the investment products and services they offer in the comment box.
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