david42
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If you wish to put the bond in the child's name, you will need their social security number. You can buy the bonds at most banks or online at the government site linked below. You may want to consider a joint owner or surviver ownership. |
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VATreasures
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You will need their social security numbers and will get the bonds with you as the custodian and them as the minor. While savings bonds are great for the last few years before college, you might want to be a little more aggressive with the rest of your investments. You should either open 529 accounts for your grandchildren or encourage your children to do so. Another advantage is that the adult retains control of the 529 account and it can be transferred to another child. |
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intelligentbooklady
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go to your bank....and when they cash them in, they will go to their bank... |
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jlnatc
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you go to the bank and buy them |
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truttman
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You don't even need to go to the bank anymore to buy savings bonds-that's so 1950's!
1. Go directly to the U.S. Treasury's secure website: www.savingsbonds.gov
2. Click on "Individuals"/"Enter" in the upper-left hand corner.
3. Click on "Buy Securities In Treasury Direct".
4. Click on "Open An Account".
Now you're rolling...
Can use a checking or savings account (have your checkbook available, you'll need the numbers on the bottom of a check or this will be your savings passbook if a savings account), credit card, debit card etc. to purchase. The only problem is if you want to purchase with cash. Still have to go to a bank for that. |
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luvmykids
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Just go to the bank. |
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ll_solcorp
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Your bank will be happy to provide you with US savings bonds.
You pay something like $35.00 for a $50.00 bond and it matures in 15 or 20 years. |
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The One That Got Away
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Go to the bank. My mother just opened a trust fund for my wee one. |
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bud68
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If you want to buy them in the child's name, you must have their SSN. |
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jonsguest12333
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at the bank |
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school marm
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You can purchase them at a local bank. Make sure you have the kids social security numbers with you. |
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Steve R
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Don't bother with a bond. It will only earn about 3% a year. Buy them one share of stock in Microsoft, McDonalds, or any big company that will be around forever. You can buy 1 share cheaply at www.sharebuilder.com
I did this for my nephew this year. |
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Janie Girl
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Go to the bank and purchase the bond at least 30 - 40 days before the birthday because they are not made on site. The bank gives you a receipt and then it is mailed to the person you name. Also when purchasing the bond it is NOT necessary to have the social security number as it is only needed when cahsing and the owner will need to prove he or she is with ID. I woud also put a parents name on the bond because of the child gets ahold of the bond and it does not have a another name as custodial the child can cash that bond and I worked in a bank for 27 years. Bonds are really a good way to save money for children as they are tax free if used for education. |
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Emily W
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you can buy them at a bank!! |
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Diane V
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All you have to do is go to your Bank or Credit Union, they have the forms there. Just fill out all of the information and mail a check for the correct amount. A Savings Bond will be mailed to you or the recipient. I've done it lot's of times, it's pretty simple. Or...if you have all the information necessary, the bank will help you with the paperwork while you wait. The Bond(s) will still be mailed though. |
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