Thursday, October 23, 2008

Why Not Use the Savings Bond Wizard?

By Wendy Stokes

A Savings Bond Wizard is a computer software program that is available free of charge from the US savings bond website owned by the US Treasury Department. The name Savings Bond Wizard is a registered trademark of the US Treasury Department.

Most investors find the Savings Bond Wizard program very useful because the program can help you with many aspects of investing in US savings bonds. The Savings Bond Wizard helps investors manage their savings bond investments and track their performances over time.

If you have the Savings Bond Wizard, you won't even need to use a savings bond calculator because the Savings Bond Wizard can do it all for you. You can use the Savings Bond Wizard to do all your savings bond calculations over and over so you will always know the value of your savings bond portfolio.

People invest in savings bonds largely for the interests earned. The Savings Bond Wizard will calculate how much interests your savings bonds have earned in simple steps. You can save your calculations in the Savings Bond Wizard.

To use the Savings Bond Wizard, you need to download the Savings Bond Wizard program which is free. There has been many versions of the Savings Bond Wizard and each version improves on the last. The Savings Bond Wizard file size is around 1.4 MB. The US Treasury Department will put updates of the Savings Bond Wizard for download when available. To update the Savings Bond Wizard, all you need to do is to connect to the Savings Bond Wizard database which requires an Internet connection.

Investors using the Savings Bond Wizard often need to export and import files. The Savings Bond Wizard can recognize a few file formats such as html and csv which are the most common file formats that people want to export and import.

There are many reports available within the Savings Bond Wizard program that you can print easily. Examples of reports that the Savings Bond Wizard has built in are active savings bond inventory, list of savings bonds that are too new to redeem, list of bonds that no longer earn interests and bonds that are cashed in. Just click print in the Savings Bond Wizard program.

The Savings Bond Wizard is very simple to use and there are many notes and explanations all throughout the entire program. There is even a help button in case you need added explanations. There is little doubt that the Savings Bond Wizard can help you invest your savings bonds much more effectively. - 15224

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