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

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.

From 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.

From Washington Post

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

From Seattle Times

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

From Washington Post

They kept close tabs on fluctuations in nonmarketable debt, such as savings bonds, and coordinated closely with government agencies to determine their spending needs.

From New York Times