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Savings Bonds

If you are looking for a convenient, low-risk way to save money you may want to consider U.S. Savings Bonds. There's no time like today to begin saving to provide for a secure tomorrow. Whether you're saving for a new home, car, vacation, education, retirement, or for a rainy day, U.S. Savings Bonds can help you reach your goals with safety, market-based yields, and tax benefits. Show below are 5 good reasons why U.S. Savings Bonds make sense for you:

  • Bonds are easy to buy
    Bonds can be bought at any one of our branch locations. We will submit all of the necessary paperwork and your actual bond certificates will be mailed to you once they have been processed by the federal government, usually within 2 weeks.

  • Bonds are safe and secure
    Bonds are backed by the full faith and credit of the United States Government. Furthermore, bonds are replaceable if lost, stolen or damaged, as long as satisfactory evidence can be given that they were not legally cashed.

  • Bonds are liquid, long-term investments
    Bonds begin accruing interest immediately and will continue to do so for the next 30 years. In addition, these bonds may be cashed out any time after 12 months. Your money is always readily available in case of unforseen emergencies.

  • Bonds have tax advantages
    Interest earned on U.S. Savings Bonds is exempt from State and Local income tax. Furthermore, you can defer the Federal income tax until you cash your bond, or until it stops accruing interest in 30 years.

  • Bonds are good for America
    The money that is invested in bonds directly helps to finance our country's borrowing needs.

  • Contact us today or visit any  of our seven excellent locations that  serve the Central Virginia Area 
    Powhatan Cartersville Midlothian Brandermill Cumberland Wellesley Bellgrade Corporate Operations Center