Bonds

Puerto Rico took a step closer to resolving the country’s worst municipal-debt default when creditors owing $11.7 billion came together to form a settlement, garnering the greatest Wall Street backing for a restructuring of the territory’s primary public debts yet. Creditors agreed to reduce $18.8 billion in general obligation debt to $7.4 billion, betting that […]

A bank is the traditional place to cash a savings bond in the United States. As a courtesy to customers and the US Treasury, almost every bank will cash Series EE and Series I bonds. It is feasible to cash a bond in a bank where you do not have an account, but there are

Whether you have a paper or electronic savings bond will determine where you can cash it in. Paper bonds Your bank or credit union should be able to cash in your paper savings bonds. If you’re going to a financial institution where you’re not a member or customer, check to see if they’ll cash your

The bond market is a financial market where investors can purchase debt securities issued by governments or companies. To raise funds, issuers sell bonds or other debt instruments; the majority of bond issuers are governments, banks, or corporations. Investment banks and other firms that assist issuers in the sale of bonds are known as underwriters.

Banks and insurance companies frequently issue surety bonds. They’re normally obtained through brokers and dealers, who, like insurance agents, get compensated for their sales. What is the definition of a bank surety bond? Parties to project financing transactions are occasionally required to take surety bonds in lieu of letters of credit as collateral. The two

Although the current 2.2 percent interest rate on Series I savings bonds is appealing, purchasing the bonds has grown more difficult. Paper Series I and EE savings bonds—those handy envelope stuffer gifts—can no longer be purchased in banks or credit unions; instead, you must purchase electronic bonds through TreasuryDirect, the Treasury Department’s Web-based system. Our

Although the current 2.2 percent interest rate on Series I savings bonds is appealing, purchasing the bonds has grown more difficult. Paper Series I and EE savings bonds—those handy envelope stuffer gifts—can no longer be purchased in banks or credit unions; instead, you must purchase electronic bonds through TreasuryDirect, the Treasury Department’s Web-based system. Our

Whether you have a paper or electronic savings bond will determine where you can cash it in. Paper bonds Your bank or credit union should be able to cash in your paper savings bonds. If you’re going to a financial institution where you’re not a member or customer, check to see if they’ll cash your

Premium Bonds cannot be inherited or transferred to another individual if an NS&I customer dies. When a person dies, how do you cash in their bonds? If you are now the owner of the savings bonds or if your parent listed you as the survivor beneficiary on the bonds, take them to a bank or

Paper savings bonds are no longer marketed by financial institutions as of January 1, 2012. Treasury’s goal of increasing the number of electronic transactions with citizens and businesses is being furthered by this measure. SeriesEE savings bonds are low-risk savings instruments that yield interest until 30 years have passed or you cash them in, whichever