Definition of Savings Bond in English:
2(In the US) a government bond sold to the general public, yielding variable interest.
- Unlike a money market fund, which can usually be cashed in at any time without penalty, you can't withdraw your money from a Savings Bond for the first six months.
- Purchasing a Savings Bond with an October issue date is key to this strategy.
Definition of Savings Bond in:
- US English dictionary
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