Savings Bonds are government-issued debt securities designed to help individuals save money while earning interest over time. They are considered a safe investment because they are backed by the full faith and credit of the government. Typically, they can be purchased at a low initial cost and can be redeemed for their full value after a set period. There are different types of savings bonds, such as Series EE and Series I bonds. Series EE bonds earn a fixed interest rate, while Series I bonds offer a combination of a fixed rate and an inflation rate. Both types are popular for long-term savings goals, such as education or retirement.