Savings Bonds have been sold by the US Treasury for more than 50 years and are an American institution. The U.S. Treasury offers both EE Bonds and I Bonds. EE Bonds are purchased at 50% of face value, while I Bonds are purchased at full face value.
Bonds can purchased online directly from the U.S. Treasury at TreasuryDirect.
Single Ownership:Only the registered owner may cash. On the death of the owner bond becomes part of the
Co-ownership: Either co-owner may cash the bond without knowledge or approval of the other. OR Upon the death of one co-owner, the surviving owner becomes the sole owner of the bond.
Beneficiary: Only the owner may cash the bond during his or her lifetime. The beneficiary automatically becomes the sole owner of the bond when the original owner dies. In order to redeem the bond the beneficiary must present a certified copy of the registered owner’s death certificate.