Rather than giving cash, some people opt to purchase low-risk savings bonds for loved ones during the holiday season. If you’re not familiar with bonds, here are a few details.:
Series I bonds are liquid, meaning these can be cashed in at any time, whereas series EE bonds need a full 20 years to mature. You should keep in mind that until the end of this year, you can walk into most financial institutions to buy paper bonds. However, starting in 2012, everything is going electronic. The U.S. department of the treasury has established a terrific website, Visit the site to learn more differences between series EE and series I bonds, purchase or redeem bonds, and establish your own electronic savings portfolio.