Definition of savings bond in English:
savings bond
noun
A bond issued by the government and sold to the general public.
‘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.’- ‘Purchasing a Savings Bond with an October issue date is key to this strategy.’
Pronunciation
savings bond
/ˈsāviNGz bänd/ /ˈseɪvɪŋz bɑnd/Are You Learning English? Here Are Our Top English Tips