Flexible Products for Your Fixed Income Portfolio
In August, 1984, Home Financial Services, Inc. was started as a wholly-owned subsidiary of Home Federal Bank for the purpose of offering to customers a service of purchasing and selling fixed income securities. Our Home Financial Services staff will work closely with you to put your investable funds to work.
Each customer’s needs are unique. Few people have both the time and resources that will enable them to bring maximum earnings to their fixed income investment portfolio. Home Financial Services has a staff of skilled professionals whose job it is to do just that, listen to their customers and offer fixed income products to fit their desired portfolio of fixed income securities.
Tax-exempt authorities such as states, cities and counties issue these securities. Also issued are revenue issues of hospitals, electric and water companies, etc. They are available with maturities ranging from one to thirty years in denominations of $5,000 and up. The interest rate is generally lower than taxable securities, but the after-tax net yield can be greater. Tax-exempt interest on securities are free from federal tax. They are also free from Tennessee tax if the issue is located within this state.1
U.S. Government Securities
Treasury Bills are available at weekly auctions or on the secondary market. Interest rates are established at time of purchase. Treasury Bills are readily marketable, are purchased at a discount and you receive the principal at maturity.
U.S. Treasury Notes and Bonds feature initial maturities of two to thirty years. Treasury notes and bonds are guaranteed for face amount by the U.S. Government, and can be purchased in $5,000 denominations.
U.S. Treasury bills, notes and bonds are fully taxed for federal income tax purposes, but are exempt from state and local income taxes.1
Federal Agency Securities
Federal Government obligations are thought to be highly safe and liquid investments. They typically offer slightly higher returns than U.S. Treasury Securities. Denominations range from $5,000 to $50,000, and maturities range from thirty days to thirty years. These securities are traded daily.
The Value of Local
Home Financial Services, Inc.’s office is located locally in downtown Knoxville. You’ll receive the same outstanding level of service and personal attention that you’ve come to expect from our parent company, Home Federal Bank of TN.Contact Us
For more information on the firm visit FINRA’s Broker Check
Investment products are provided by Home Financial Services Inc., are not obligations of Home Federal Bank and: Are Not FDIC Insured; May Lose Value; Are Not Bank Guaranteed; Are Not Deposits; Are Not Insured by Any Federal Government Agency.
1This information is general in nature and is not intended to be legal, tax, or financial advice. Consult an appropriate professional concerning your specific situation and irs.gov for current tax rules.