Celebrate the grads in your life with financial gifts
Do you have a youngster in your life who will be graduating this spring?
Whether or not it&rsquos from kindergarten or college, graduation marks the completion of a single chapter in a young particular person&rsquos life and the commence of a new adventure. Honor your grad&rsquos achievement by helping him or her save for the future with a digital U.S. Savings Bond.
&ldquoGraduation season is a time of celebration and excellent pride for households. In preparation for this milestone achievement, we encourage parents to think about opening a TreasuryDirect account for their youngster within their own primary TreasuryDirect account, so the present of savings bonds can be given by relatives or buddies who want to contribute to a young grad&rsquos future,&rdquo says Jerry Kelly, national director of the U.S. Division of the Treasury&rsquos Ready.Save.Grow. campaign.
Savings bonds are a excellent gift decision for a child of any age. They&rsquore a low-danger way to save, and offer you steady accumulation of interest.
Additionally, interest earned from savings bonds is exempt from state and neighborhood income taxes, and may also be exempt from federal revenue taxes when used to spend for certified greater education expenses.
If there&rsquos a specific child in your life, study on for useful details about gifting savings bonds.
Opening a TreasuryDirect account
Parents &ndash want aid setting up a TreasuryDirect account for your youngster? If your kid is below the age of 18, you&rsquoll initial need to have to establish your personal account, then open your youngster&rsquos account within your account.
TreasuryDirect is the Treasury Division&rsquos safe, online program where you can safely acquire, manage and redeem digital savings bonds and other Treasury securities.
Prepared.Save.Develop. provides data and tools to support folks sign up for a TreasuryDirect account, which includes a tip sheet and a guided tour, at www.treasurydirect.gov/readysavegrow.
Right after your TreasuryDirect accounts have been opened, your child is prepared to obtain digital savings bond gifts for birthdays, graduations and other specific events.
Giving a digital savings bond present
Consider contributing to a kid&rsquos college fund or other monetary purpose with a digital savings bond gift bought via TreasuryDirect.
The very first step in providing a savings bond as a present is possessing the present recipient&rsquos name, Social Security quantity and TreasuryDirect account number.
Prepared.Save.Grow. delivers sources to aid you give a savings bonds present in TreasuryDirect, including a graphic that walks you by means of the most critical methods. You can also print out a step-by-step tip sheet and watch an overview video. Go to www.treasurydirect.gov/readysavegrow to access these tools.
Commemorating the occasion with a gift certificate
TreasuryDirect.gov delivers a variety of themed present certificates for graduation, birthdays, holidays and other events. Merely print your favourite and present it to the present recipient in a card or envelope to signify your savings bond gift.
For more details
Prepared.Save.Grow. helps people take control of their future by providing info and resources about the protected, inexpensive savings possibilities supplied by the Treasury Division. Go to the Prepared.Save.Grow. internet site, www.treasurydirect.gov/readysavegrow, to find out a lot more or stick to the campaign on Facebook or Twitter @ReadySaveGrow.
The preceding details was supplied by the U.S. Division of the Treasury, Bureau of the Public Debt.
TreasuryDirect is a registered mark of the U.S. Division of the Treasury. Ready.Save.Develop. is a service mark of the U.S. Department of the Treasury.