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

They are U.S. savings bonds issued by the government.

From MarketWatch

They don’t sell savings bonds at banks anymore.

From MarketWatch

The new interest rate on the Treasury’s inflation-linked savings bonds, or I bonds, has been set at 4.03% for purchases starting on Saturday, based on information posted Friday on the TreasuryDirect website.

From Barron's

The new rate on the Treasury’s inflation-linked savings bonds is likely to be set at just over 4% for purchases starting in November.

From Barron's

The Treasury Department issues two types of bonds that are indexed for inflation: Treasury inflation-protected securities, or TIPS, and the savings bonds known as I bonds.

From The Wall Street Journal