Ask Terry Questions Series I Savings Bond

Series I Savings Bond

By Terry Savage on March 07, 2024 | Chicken Money

I bought a bond for the first time in July 2022. I assume there is no 1099 till it is cashed. You mention (somewhere)l that what gov took from my bank account would be less than bond for interest up front. The whole $8K was deducted. I also went on the to see what interest was accruing but it just shows 8K. Again, not sure how this all works. Can you fill me in please? Thanks.

Terry Says

You’re confusing Series I bonds with Treasury bills — and you definitely need to know how each works.
Read these two articles from my website to understand.



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