Definition of Savings Bond in English:

Savings Bond


  • 1

    another term for Premium Bond
  • 2(in the US) a government bond sold to the general public, yielding variable interest.

    • ‘Purchasing a Savings Bond with an October issue date is key to this strategy.’
    • ‘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.’