CITY OF CAMBRIDGE MINIBONDS

Who is eligible to purchase Cambridge minibonds?

A:

Cambridge residents age 18 and over can purchase minibonds in minimum denominations of $1,000.

Parents and legal guardians of individuals under age 18 can purchase minibonds as a Custodian for a Minor and hold the bonds until the minor turns 18. 

Minibonds may not necessarily be suitable for all investors and prior to completing any sale, Neighborly Securities* or another broker-dealer will determine suitability for investors in accordance with applicable laws and regulations.

 City Council members, Executive and Finance staff are ineligible to purchase bonds.

*Minibonds will only be offered through Neighborly Securities, member MIA, SIPC and registered with MSRB pursuant, to a preliminary and final official statement to be made available during the offering period. This information does not constitute an offer to sell or the solicitation of an offer to sell any securities. You will be responsible for making your own independent investigation and appraisal of the risks, benefits and suitability of any securities to be offered and neither the City of Cambridge nor Neighborly Securities is making any recommendation or giving any investment advice.

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