[Sign Up Now] to Receive Our FREE Daily SCVTV-SCVNews Digest by E-Mail

Inside
Weather
Santa Clarita CA
Mostly clear
Mostly clear
64°F
 
Calendar
Today in
S.C.V. History
April 26
1906 - Bobby Batugo, World Champion Mixologist in the 1970s, born in The Philippines [story]


U.S. Treasurer Rosie Rios

Early Tuesday morning, listeners got a wake-up call from U.S. Treasurer Rosie Rios, who had an important message to share.

The U.S. Department of the Treasury launched a new public education initiative Tuesday called “Ready.Save.Grow.” It will allow people to purchase Treasury products and implement savings options that will help them control –and possibly enhance – their financial future.

“Ready Save Grow is a campaign that encourages people to save and provides a very easy way for them to do so,” Rios said. “Millions of American are looking for safe, affordable ways to think about their long term saving goals and the great thing about these treasury products, whether it’s bonds or other securities, is that you can purchase them for as little as $25. It’s safe and convenient and there’s no fee associated with it.”

KHTS’s Arif Halaby asked Rios if this was similar to the U.S. Savings Bond program that has been in place for a long time. She answered that the 75-year old bond program was still going strong and that Ready Save Grow offered two bond options among the other products.

“You can purchase I bonds, which are inflation-protected and are currently at 3.06 percent flexible rate and there are EE bonds, which are fixed at 0.6 percent.”

Rios also lauded the paperless element of the new program, adding that it saves the government hundreds of thousands of dollars by not printing and mailing bonds and their required documentation.

According to the Ready.Save.Grow website, the U.S. Department of the Treasury has issued savings bonds since 1935. When you buy a savings bond, you loan the amount you paid for the bond to the U.S. government. Over a period of time (up to 30 years), the savings bond earns interest. After 12 months, the savings bond can be cashed for its face value plus the interest it has earned. All bonds are now digital; paper savings bonds are no longer sold at financial institutions.

Arif Halaby

Deferring questions on the national budget and inflation to the Treasury Department (Rios represents the public relations/product marketing side of Treasury products), Rios said that the new program offers an easy way to change financial habits for the better.

“Savings is an important topic for me,” she said. “It’s always a good time to think about savings. With this program, you can invest for as little as $25, it’s backed by the full faith and credit of the United States and accessible 24/7. You can even set up payroll direct deposit so it allows you to save on a regular basis.”

“Now more than ever, people are looking for reliable, long-term savings options that will help them buy a new home, provide for their child’s college education or prepare for retirement,” said Bureau of the Public Debt Commissioner Van Zeck. “Our new Ready.Save.Grow. campaign offers information and solutions to people who may not be aware of Treasury savings options, such as digital savings bonds and Treasury marketable securities.”

The Treasury Department’s Bureau of the Public Debt offers interest-bearing digital savings bonds for as little as $25 and Treasury marketable securities for as little as $100, and with no risk of principal loss. These savings options are offered through TreasuryDirect.gov, and can be purchased online or through payroll direct deposit after opening a free TreasuryDirect account. More than a million people have already opened accounts in TreasuryDirect, a secure, web-based system operated by the Bureau of the Public Debt since 2002.

To encourage people to save, Ready.Save.Grow. is partnering with non-profit organizations, such as AARP, American Savings Education Council, Center for Financial Services Innovation and Consumer Federation of America, to raise awareness about Treasury products as affordable, safe and convenient savings options. The user-friendly website, www.treasurydirect.gov/readysavegrow, offers turnkey resources for these groups so they can educate their community members and other stakeholders on ideas for growing their savings.

“There are millions of aspiring savers today who either don’t have access to an employer sponsored retirement plan, or who want to supplement their current plan with a convenient, low-risk savings option,” said Nancy Register, America Saves National Director, Consumer Federation of America. “We’re pleased to lend our support to Ready.Save.Grow. to help more people learn how to safely start or build their nest eggs.”

Consumers can find savings tips and other resources, including information about Treasury savings options and how to open and manage an account at www.treasurydirect.gov/readysavegrow.

Comment On This Story
COMMENT POLICY: We welcome comments from individuals and businesses. All comments are moderated. Comments are subject to rejection if they are vulgar, combative, or in poor taste.
REAL NAMES ONLY: All posters must use their real individual or business name. This applies equally to Twitter account holders who use a nickname.

0 Comments

You can be the first one to leave a comment.

Leave a Comment


LOCAL BUSINESS LINKS
LOCAL BUSINESS HEADLINES
FINANCIALS OF LOCAL INTEREST
MARKETS & METALS
error : cannot receive stock quote information
STOCKS OF LOCAL INTEREST
error : cannot receive stock quote information
CURRENCY CONVERTER

Latest Additions to SCVNews.com
The Santa Clarita Planning Commission will hold a study session, Tuesday, May 1, at 5:00 p.m.
May 1: Santa Clarita Planning Commission Study Session
The Santa Clarita City Council will hold a Budget Committee meeting, Tuesday, May 1, at 2:00 p.m.
May 1: City Council Budget Committee Meeting
On Friday, April 20, CalArts students competed in the inaugural competition, Junk Battle, a new environmental contest that asks some of LA’s most creative young minds to focus on an enormous environmental issue—namely, what to do about the mountains of waste that we humans create.
May 9: New Normal Sustainable Arts Fair, Green Workshop
On Thursday, May 3, the CalArts Expo returns to showcase radical new directions in digital arts and technology from students, faculty, alumni, and guest artists working across all disciplines.
May 3: CalArts Digital Expo
The CSUN Softball team takes on UC Santa Barbara this weekend in a three-game series.
Matadors Face-Off Against Gauchos in 3-Game Series
May’s National Foster Care Month provides an opportunity for people all across the nation to focus attention on the year-round needs of American children and youth in foster care.
May 19: Foster, Foster-Adopt a Child Information Meeting
“Wheelchair Assist” — a business venture and senior design project created by a team of California State University, Northridge mechanical-engineering students — won first place and $20,000 at CSUN’s annual Bull Ring New Venture Competition that took place earlier this week.
Matadors Take First Place, $20K in Bull Ring New Venture Competition
The Santa Clarita Chamber of Commerce is excited to celebrate the 10th annual State of the County Luncheon as Supervisor Kathryn Barger shares her vision for the Santa Clarita Valley.
May 11: Chamber’s State of the County Luncheon
The Northpark Village Square is planning a Child Safety Fair in the center for Saturday, May 5, from 11:00 a.m. - 2:00 p.m.
May 5: Child Safety Fair at Northpark Village Square
The Los Angeles County Registrar-Recorder/County Clerk (RR/CC) began mailing 5,148,411 Sample Ballot booklets to voters for the June 5th Statewide Direct Primary Election.
More than 5 Million Sample Ballots Mailed Out Ahead of Statewide Primary
NORTHRIDGE - With the regular season in the rearview mirror, No. 19 CSUN Water Polo now sets its sights on the Big West Conference Tournament.
CSUN Readies for Big West Tournament Play Against UC Irvine
On a lovely, summer evening, June 16, 1978, Saugus High School celebrated their first graduating class with a ceremony full of firsts.
June 16: Saugus High 40-Year Reunion Class of ’78
The JetHawks couldn’t overcome an early deficit and fell to the Visalia Rawhide, 10-5, on Wednesday afternoon at Recreation Park.
George’s Homer Not Enough to Overcome JetHawks’ Deficit
The Community Gardens of Santa Clarita first broke ground in 2011 with the support of Garden Club of Santa Clarita and the city of Santa Clarita.
May 5: Community Garden of Santa Clarita’s Farm-to-Table Kids Event
SACRAMENTO - On Wednesday, Senator Scott Wilk, R - Antelope Valley, announced that the Senate Committee on Governmental Organization has unanimously passed Senate Bill 1452, a bill aimed at creating an official state memorial for those Californians who have fallen fighting in support of the Global War on Terror.
Wilk’s War on Terror Memorial One Step Closer to Reality
On April 15, 19-year-old artist and Santa Clarita resident, Lauren Dair, stumbled across the Stagelight Monthly Music Contest II on social media and on a whim, she casually entered her song "Monster.”
SCV Resident Releases Song Co-Written by Linkin Park Band Members
For over 30 years, College of the Canyons has been a leader in Workforce Training and Development by providing customized training solutions to businesses in our region.
May 18: COC’s Business Partner Breakfast
The Small Business Administration Office of Advocacy is an independent office that serves as a voice for small business within the federal government, the watchdog for the Regulatory Flexibility Act and the source of small business statistics.
May 3: Regional Regulatory Reform Roundtable
The Gentle Barn, a national, nonprofit, animal sanctuary that saves animals from abuse and neglect has an inspiring new rescue story.
Gentle Barn, ‘Walking Dead’ Star Team Up for Cow Saved from Slaughter
The Santa Clarita City Council approved Councilmember Bob Kellar’s nomination and appointed Philip M. Hart to fill a vacancy on the Planning Commission during the council’s regular meeting Tuesday night. Hart was selected on the recommendation of a community-driven advisory panel and will replace Charles Heffernan, who resigned earlier this year.
Phil Hart Fills Vacancy on Planning Commission
The Opioid Crisis is a severe and growing problem. On average, 174 people in America every day die from an overdose or addiction-related complication. This is completely unacceptable. In order to combat this national challenge, we must approach this issue from all angles.
April 28: National Drug Take Back Day
1906 - Bobby Batugo, World Champion Mixologist in the 1970s, born in The Philippines [story]
College of the Canyons hit three home runs to power past Victor Valley College 10-2 on Tuesday, keeping the Cougars' conference championship hopes alive.
Cougars Power Past Victor Valley 10-2
College of the Canyons finished its conference schedule a perfect 16-0 by beating Barstow College 6-2 after 'Sophomore Day' ceremonies at Whitten Field.
Canyons Clinches Division Championship With 6-2 Win Over Barstow
College of the Canyons' men's golf team had all five players finish in the top-five of the individual standings on the way to a 35-stroke team victory at Western State Conference No. 10 on Monday at San Dimas Golf Course.
COC Men’s Golf Team Crushes Competition at WSC No. 10
The College of the Canyons Cougars closed out their three-game series with conference leader Glendale College, downing the Vaqueros 5-2 on Saturday to finish the weekend one game back with three to go.
Canyons Takes Series With 5-2 Win Over Glendale
The SCV Senior Center's Scholar Series will present a historical reenactment of American educator, author and journalist Laura Ingalls Wilder performed by Louise Willard of the American Association of University Women on Friday, April 27, from 1 p.m. to 2 p.m.
April 27: Senior Center to Present Historical Reenactment of ‘Little House’ Author
In a unanimous 4-0 vote Tuesday night, the Santa Clarita City Council appointed former Logix Federal Credit Union Chief Operating Officer and Santa Clarita Valley Economic Development Corporation board member Philip M. Hart to fill a position on the city's five-member Planning Commission.
City Council Appoints Phil Hart to Planning Commission
California State University, Northridge gender and women’s studies students and queer studies students will present their capstone research projects about the cultural aspects of sexuality and gender to students, faculty, staff and members of the community on Tuesday, May 1, and Wednesday, May 2, at the university.
May 1-2: CSUN 5th Annual ‘Sex in the Library’ Event
The California Senate Committee on Public Safety voted 4-1 Tuesday to approve Senate Bill 1024, the Animal Cruelty and Violence Intervention Act of 2018, introduced by Senator Scott Wilk, R-Antelope Valley, as a way to address the undeniable link between animal abuse and violence towards humans.
Wilk Animal Cruelty Intervention Act OK’d by Committee
The Santa Clarita Valley Sheriff’s Foundation hosted a recognition and appreciation dinner on April 19 for the dedicated men and women who volunteer with the Santa Clarita Valley Sheriff’s Station.
SCV Sheriff’s Foundation Honors Local Volunteers
Brandon Gold didn’t allow a run over seven innings, and the JetHawks hit two home runs to support him in a 9-3 win over the Visalia Rawhide on Tuesday night at Recreation Park.
Solid Gold Gets Third Win with Help from Bats
Rep. Steve Knight (R-Antelope Valley) introduced H.R. 5610, the bipartisan Better Energy Storage Technology Act, on Wednesday, seeking to establish innovation goals to develop large-scale commercially viable energy storage technology.
Knight Introduces Bill to Boost Energy Storage Development
Cannabis management officials from LA County and the city of LA offer advice to people seeking employment as retail cannabis budtenders.
Cannabis Officials Offer Job Tips for Aspiring Budtenders
An Arleta man and his sister are happy to be alive after another driver shot at their vehicle eight times on Highway 14 near Crown Valley Road in the Acton area Tuesday night.
Assailant Shoots at Arleta Man, Woman on Highway 14
Senate Bill 1409, which would update current law to streamline the production of industrial hemp in California, has been passed by the Senate Committee on Public Safety.
Wilk Industrial Hemp Bill Unanimously Passes Senate Committee