Savings bonds is a non-negotiable RMB bond with a maximum limit of 5 million yuan, which is issued by the Ministry of Finance in China and sold to individual investors through commercial banks. It is a kind of debt designed and issued to meet the needs of long-term savings and investment and pay more attention to the saving function.

Generally speaking, it is equivalent to opening a special passbook in a bank, except that it is not a deposit, but a record of the sale of government bonds and interest income. After a period of operation, it is believed that it will replace the current form of national debt and become the most important way of issuing national debt.

The expansion materials are for individual investors, not for institutions, and the product design mainly considers the preference characteristics of individual investment, savings and investment. Because of its non-tradability, when the market interest rate rises, there is no capital loss in the secondary market, which also determines that there will be no capital gain at any time, which is also the advantage that many small and medium investors regard as national debt.

This is the same as the existing certificate-based national debt, mainly to encourage investors to hold the maturity. However, considering the liquidity needs of investors, early redemption is still conditional. However, due to the shortest holding period, some interest will be deducted if you pay in advance.

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