Tag: savings

U.S. Savings Bonds definition explanation

What is U.S. Savings Bonds?
A U.S. government savings bond that offers a fixed rate of interest over a fixed period of time. Many people find these bonds attractive because they are not subject to state or local income taxes. These bonds cannot be easily transferred and are non-negotiable. Read more for examples and further explanation including related video clips and also comments
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Bank Holiday definition explanation

What is Bank Holiday?
Any business day during which commercial banks and savings & loans institutions are closed for business to the public, specifically at physical locations. These holidays usually coincide with a federal holiday in the United States, but each country defines is own bank holidays.

Infrequently, a bank holiday can also refer to a day where there is an emergency bank closing to avert a bank run, such as what occured in Emergency Banking Act of 1933 during the Great Depression in the United States. Read more for examples and further explanation including related video clips and also comments
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