Wednesday, April 18, 2012, AM | Leave Comment
Many folks have problem saving. They live paycheck to paycheck. Some could save if they tried. The U.S. Government wants us to save and spend at the same time. Spend a little, save a little. You may have received your tax refund by now. It’s a good time to invest in U.S. Government securities of different kinds.
Banks Certificate of Deposit (CD), Money Market account and other such accounts offer measly returns. In comparison, the U.S. Department of the Treasury provides six simple, safe and convenient options to help people save money for the future, including:
Treasury Bills (T-Bills)
Short-term government securities with maturities ranging from a few days to 52 weeks. Treasury Bills In Depth.
Government securities that are issued with maturities of 2, 3, 5, 7 and 10 years and pay interest every six months. Treasury Notes In Depth.
Treasury Inflation-Protected Securities (TIPS)
TIPS pay interest every six months and are issued with maturities of 5, 10 and 30 years. The principal is adjusted for changes in the Consumer Price Index. TIPS In Depth.
Long-term securities that pay interest every six months and mature in 30 years. Treasury Bonds In Depth.
EE Savings Bonds
Low-risk savings options that earn interest for 30 years. EE Savings Bonds In Depth.
I Savings Bonds
Low-risk savings options that earn interest while protecting you from inflation. I Savings Bonds In Depth.
In a Nutshell
You can purchase Treasury securities directly from the Treasury Department by opening a TreasuryDirect account.