How to buy a gift Savings Bonds for a non-citizen godson
Thursday, December 30th, 2004
Categorized as: Savings Bonds as gifts and prizes
I’d like to start buying savings bonds for my godson, who isn’t a US citizen and doesn’t have a social security number. What options are there to purchase savings bonds in his name on an annual basis?
Tom’s response
You can buy a paper bond at a bank and register it in your godson’s name. You can provide your own Social Security Number on gift bond transactions.
In Treasury Direct, on the other hand, gift bond registrations must include the recipient’s social security number.
There are no citizenship limits to who can own Savings Bonds.
However, there are extra steps for non-citizens trying to redeem savings bonds that complicate this gift. See my post on cashing Savings Bonds internationally for complete information.,
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Loading...FDIC Insured Certificates of Deposit can pay 1 or 2% more than savings bonds when held for a similar length of time. See top CD Rates Below:
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Tom Adams