Not yet registered? Create a OverBlog!

Create my blog

Where to get a savings bond wizard

Savings bonds wizards are like savings bonds calculators. They let you know how much you could earn etc. This article looks in more detail about savings bonds, and where the best places are to find savings wizards.

What are savings bonds?

Definition Savings bonds are investments. You pay a certain amount of money for the 'bonds' (which are like certificates) and then, if you leave them, they will either increase or remain the same value. Most savings bond schemes are backed by the government, and are actually advertised as the safest way to invest your money, because the government is very unlikely to ever go bankrupt.
Government' use of savings bonds Governments use the savings bonds to satisfy its borrowing needs. The government takes money from the bond account to spend elsewhere in the economy, and then guarantees the figure back if the person wishes to withdraw their investment. Usually, if you leave your investment in for over a year, the bonds will 'mature' and as such, will be worth a bit more than what you initially invested. Set rate of interest Governments will usually give a set rate of interest for this, but sometimes they may simply say that it will track the interest rates, which are coming from the central banking authorities. Purchase of bonds from banks You can also buy savings bonds directly from banks, and these will be set at a rate of interest determined by the banks. Usually, you cannot take your money out of the bond once you've bought it, and you are bound by the term that you agreed, such as one year, three years or five years (normally).
Better rate of interest than the government
Banks offer a better rate of interest than the government because of this, and if you are sure that you will not need your money for a set amount of time, then it is worth considering these types of bonds over the government bonds.

Where to find a wizard?

Online search A savings bond wizard can be found online on many different websites. They all pretty much offer the same thing. It can be an online calculator set up to accept interest rates, and payment terms and conditions, years left to mature, release date, etc etc. A simple online search will reveal many of these. Visiting banks and government agencies However, It will be better to visit your local banks or government bond agencies, and ask for advice from one of their staff. They will be able to provide you with a 'wizard' in the form of explained calculations and advice. This method is particularly advised if you are investing a large sum.

Same category articles Digital & online

How to setup a wireless network?

How to setup a wireless network?

In this article, we'll guide you through the stages of getting wireless internet access in your home. in this way, you'll be able to set up a secure wireless network via your new router. read on to find out how to connect your smart phones, laptop computer and tablet devices to the internet through your cable modem and wireless router.
Comparing Verizon wireless broadband with its competitors

Comparing verizon wireless broadband with its competitors

A mobile internet services or wireless broadband card allows you to stay connected to the internet and your favourite apps even beyond the reach of wi-fi hotspots. in this article, we analyse the features and services offered by verizon and how they stand up to the competition.
How do I delete my online history?

How do i delete my online history?

As shown by the recent windows advert of a man, upon his girlfriend's return home,he hurriedly escaped from the engagement rings page he was looking at, and erased his online tracks. secrecy over one’s internet usage can be very important. in this article, we will explore the ways through which one can particularly delete one’s browsing history.
A guide to Search EB

A guide to search eb

The term search eb refers to search "encyclopedia britannica". with the arrival of the world wide web, a plethora of information is available very easily, right at your fingertip, literally so. this article provides information and serve as a guide to search encyclopedia britannica (eb).