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

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 interest rate for Treasury’s inflation-linked savings bonds, or I bonds, is projected to be just over 4% starting 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

Television pictures this week showed early-morning queues at banks in Beijing for buying treasury savings bonds, while newspapers carried stories of young investors riding trains and buses to far-flung branches seeking the highest deposit rates.

From Reuters

Millions of investors queasy from the volatility of the stock market showed an extraordinary interest in inflation-protected I bonds over the past year, purchasing billions of dollars of the savings bonds.

From Washington Post