Savings Bond Wizard

By: EconomyWatch   Date: 23 November 2010

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The Savings Bond Wizard is a programming software provided for the benefit of the consumers of the US Savings Bonds by enabling them to calculate everything that may be required by the consumer. The Savings Bond Wizard can be downloaded from the official website of the U.S. Department of Treasury.

The Savings Bond Wizard is a software that is specifically designed to assist the lenders (the people who invest in the US Savings Bonds) of the Federal Government of the U.S. in maintaining all the US Savings Bonds which are possessed by them. The Savings Bond Wizard keeps track of the bonds owned by consumers which are the obligations of the Federal Government of the U.S. This application available on the official website of the U.S. Department of Treasury, is an advanced form of the Savings Bond Calculator and requires Windows 95 onwards for running it on the computer.

Through the use of the Savings Bond Wizard software, the consumers may print out the entire list of the US Savings Bonds possessed by them. This active inventory list prepared by the Savings Bond Wizard, is drawn in such a manner that it includes even those US Savings Bonds which have been redeemed, or in other words, exchanged for cash.

Similar to the Savings Bond Calculator, the Savings Bond Wizard may be utilized in order to determine the exact value of the US Savings Bonds at a certain point of time. Which may be calculated by using this program to add up all the interest that has been gained by the US Savings Bonds up to that point of time, and then adding that sum to the original investment amount that was made by the owner. US Savings Bonds are owned by the people who buy these and in the process provide loans to the Federal Government of the U.S. Similarly, the Savings Bond Wizard may also be employed to calculate the rates on interest earned by the US Savings Bonds over a period of the previous six months.

The Savings Bond Wizard may also be used to convey to the the owners of US Savings Bonds information about the maturity of the bonds possessed by them. Therefore, the Savings Bond Wizard, as stated above, assists the owners of US Savings Bonds by providing them with detailed information in matters of the bonds they own.


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