What are savings bonds and how would I buy them?
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Hello I am a highschool student and I am taking an AP United States History class. We were talking about Alexander Hamilton's financial policy of At Par funding and Assumption, and how the citizens would pay money in Bonds to the federal government and they would receive 100% of their money back + interest, so I was thinking that it would be a good investment idea. When I was like 7 my mom took me to put my $15 in a bank so I could learn the value of a savings account (Dumb idea), and basically the bank took it and it went away because of fees and such (Very similar to that southpark episode where Stan does the same thing). Basically I was wondering 1) How would I buy bonds 2) How much they cost and if there was a fee to get one (Like $110 for a $100 bond) 3) The interest rates on them or if they are different pending on the banks 4) How much of a guarantee I am getting on the interest (Like if the government is able to just not pay me back) 5) The normal guarantee on the money (Like if the government is able to just not pay me back, but they normally do) 6) When I am able to get the money back 7) How many bonds I can have Thank you for answering my question, as you can tell I am clueless about this subject, haha
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Answer:
These can be bought directly from the U.S. Treasury at http://www.treasurydirect.gov/ Happy investing!
Truthine... at Yahoo! Answers Visit the source
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