What is a Bond Account and how does it work?
Summary of What is a Bond Account and how does it work?How do you account for bonds?How much is a $100 savings bond worth after 30 years?How much money is needed to open a bonds account?What type of account should bonds be in?Search Results
AI Overview
AI Overview
A bond account holds debt securities (bonds) issued by governments or corporations, acting as a loan from you to the issuer for regular interest (coupon) payments and principal return at maturity, offering potentially higher yields than savings accounts but with risks like default or price changes, accessible via brokers like Public or official sites like TreasuryDirect for U.S. government bonds. These accounts provide fixed income, but returns aren't guaranteed and depend on the bond's performance and issuer's creditworthiness, ...