Army Chief of Staff Gen. Dennis J. Reimer believes savings bonds represent a strong investment that supports national defense and pays dividends for bondholders down the road.
Savings bonds are a solid investment backed by stability and security.
They are a sure way to save for a car, college costs, the down payment for a home, or retirement. Dollars spent on savings bonds are like making loans to America, officials said. Uncle Sam uses the money to keep the federal government running and pays bond buyers an interest rate. The current interest rate for U.S. Savings Bonds, geared to the market rate for treasury bonds, is 5.06 percent, said Ron Carlson, a staff accountant at U.S. Army Finance Command, Indianapolis. It's a very competitive rate, especially when compared with checking and savings accounts, certificates of deposit and money markets.