savings bond

American  

noun

1. a U.S. government bond with principal amounts up to $10,000.

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savings bond Cultural  

1. A bond issued by the United States government and sold in relatively small denominations, mainly to individuals.

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Etymology

Origin of savings bond

First recorded in 1945–50

Example Sentences

For say, my mother to give my niece a Bitcoin instead of a savings bond?

From Slate • Jun. 28, 2022

Paying 9.62 percent, the relatively unknown inflation-proof Series I savings bond has become a hit with $17.5 billion sold in the six months ending in May, according to the Treasury Department.

From Washington Post • Jun. 22, 2022

And right now, there’s a lot more reason to consider the lowly savings bond than there has been in years.

From Seattle Times • Nov. 13, 2021

West Virginia is also offering a $100 savings bond to residents age 16 to 35 who get vaccinated.

From Los Angeles Times • May 27, 2021

He took home substantial prizes: a new encyclopedia to replace the outdated one, a new writing desk, a cash prize, a savings bond.

From "The Mysterious Benedict Society" by Trenton Lee Stewart