2.11.6 U.S. Savings Bonds
U.S. savings bonds were created in 1935 to broaden citizen participation in government financing by making bonds available in small denominations. Savings bonds offer a fixed rate of interest over a fixed period of time (30 years), with face values ranging from $25 to $10,000. They are non-callable, nontransferable, and nonnegotiable. They cannot be sold in the secondary market, and they can only be redeemed by the U.S. government.
There are two types of U.S.
