savings bond

American  

noun

1. a U.S. government bond with principal amounts up to $10,000.

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savings bond Cultural  

1. A bond issued by the United States government and sold in relatively small denominations, mainly to individuals.

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Etymology

Origin of savings bond

First recorded in 1945–50

Example Sentences

United Way of King County also offers additional financial services such as savings bond purchasing, assistance applying for health care and public benefits.

From Seattle Times • Dec. 2, 2022

For say, my mother to give my niece a Bitcoin instead of a savings bond?

From Slate • Jun. 28, 2022

Paying 9.62 percent, the relatively unknown inflation-proof Series I savings bond has become a hit with $17.5 billion sold in the six months ending in May, according to the Treasury Department.

From Washington Post • Jun. 22, 2022

West Virginia is also offering a $100 savings bond to residents age 16 to 35 who get vaccinated.

From Los Angeles Times • May 27, 2021

He took home substantial prizes: a new encyclopedia to replace the outdated one, a new writing desk, a cash prize, a savings bond.

From "The Mysterious Benedict Society" by Trenton Lee Stewart