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Qualified Savings Bond

What is 'Qualified Savings Bond'

Refers to a series EE savings bond which has been issued after December 1989 and purchased by an individual at least 24 years of age.

Explaining 'Qualified Savings Bond'

The interest from this type of bond is tax-free if you redeem it to pay for a higher education expense.


Further Reading


Just keep my money! Supporting tax-time savings with US savings bonds
www.aeaweb.org [PDF]
… to complete the survey, as did 22 per- cent (1,484/6,630) of qualified clients in … participants in treatment offices expressed a 12 percentage point lower interest in saving some of … The experiment sought to understand whether facilitating the purchase of a savings bond could make …

Analysis of US savings bondsAnalysis of US savings bonds
www.sciencedirect.com [PDF]
… to complete the survey, as did 22 per- cent (1,484/6,630) of qualified clients in … participants in treatment offices expressed a 12 percentage point lower interest in saving some of … The experiment sought to understand whether facilitating the purchase of a savings bond could make …

Qualified School Construction Bonds: One School District's Experience.Qualified School Construction Bonds: One School District's Experience.
eric.ed.gov [PDF]
… to complete the survey, as did 22 per- cent (1,484/6,630) of qualified clients in … participants in treatment offices expressed a 12 percentage point lower interest in saving some of … The experiment sought to understand whether facilitating the purchase of a savings bond could make …

Reinventing Savings BondsReinventing Savings Bonds
papers.ssrn.com [PDF]
… to complete the survey, as did 22 per- cent (1,484/6,630) of qualified clients in … participants in treatment offices expressed a 12 percentage point lower interest in saving some of … The experiment sought to understand whether facilitating the purchase of a savings bond could make …

An Economic Approach to Setting Contribution Limits in Qualified State-Sponsored Tuition Savings PlansAn Economic Approach to Setting Contribution Limits in Qualified State-Sponsored Tuition Savings Plans
www.jstor.org [PDF]
… to complete the survey, as did 22 per- cent (1,484/6,630) of qualified clients in … participants in treatment offices expressed a 12 percentage point lower interest in saving some of … The experiment sought to understand whether facilitating the purchase of a savings bond could make …

Aggregate savings, financial intermediation, and interest rateAggregate savings, financial intermediation, and interest rate
www.jstor.org [PDF]
… to complete the survey, as did 22 per- cent (1,484/6,630) of qualified clients in … participants in treatment offices expressed a 12 percentage point lower interest in saving some of … The experiment sought to understand whether facilitating the purchase of a savings bond could make …

Financial intermediaries and monetary controlsFinancial intermediaries and monetary controls
academic.oup.com [PDF]
… to complete the survey, as did 22 per- cent (1,484/6,630) of qualified clients in … participants in treatment offices expressed a 12 percentage point lower interest in saving some of … The experiment sought to understand whether facilitating the purchase of a savings bond could make …



Q&A About Qualified Savings Bond


Who can purchase these bonds?

An individual who is at least 24 years old may purchase these bonds.

What are some other names for these bonds?

These bonds are also known as Education Savings Bonds or Qualified Tuition Program (QTP) Bonds.

What is a qualified savings bond?

A qualified savings bond refers to a series EE savings bond which has been issued after December 1989 and purchased by an individual at least 24 years of age.

What are savings bonds?

Savings bonds are a type of debt security issued by the United States Department of the Treasury to help pay for the U.S. government's borrowing needs.

Are savings bonds considered safe investments?

Yes, they are considered one of the safest investments because they are backed by the full faith and credit of the United States government.

When were Series E Bonds issued?

Series E Bonds were issued during World War II in 1941 and 1942 to help finance America's involvement in World War II. They were called Defense Bonds at that time. The series was discontinued after World War II ended, but was reissued again in 1980 as Series EE Bonds with updated interest rates and maturities, which remain available today.

When were they first introduced in the market?

They were first introduced in 1990.

How does the interest from this type of bond work?

The interest from this type of bond is tax-free if you redeem it to pay for a higher education expense.

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