I Bond
I opened an I Bond account December of 2022, and would like to collect the funds as I understand the log-in procedure is changing. Is there a way to transfer the amount into another account. Will I pay taxes on the interest? I know you are going to discuss I bonds soon. I would like to know my options.
Terry Says
the only way to get the money out is to cash in the bond — and take the penalty of 3 months loss of interest.
Your money is safe there, and still earning an inflation adjusted rate every 6 months. They will get this new log-in procedure sorted out. I wouldn’t worry.
