savings bond

noun

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

savings bond

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

Word History and Origins

Origin of savings bond¹

First recorded in 1945–50

Example Sentences

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.

Read more on 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.

Read more on 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.

Read more on Washington Post

Currently, one rate for I bonds, for example — which are savings bonds designed to protect you from inflation — is 6.89%.

Read more on Seattle Times

Series I savings bonds are issued by the U.S.

Read more on Washington Post