Definition of savings bond in English:

savings bond

Pronunciation /ˈsāviNGz bänd/ /ˈseɪvɪŋz bɑnd/

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.’