Series I Savings Bond/T-Bill
Hello Terry, I watch you every week when you’re on WGN in the morning. Can you please tell me, if I can transfer my Series I Savings Bond to a T-Bill and how do I do that?
Thanks
Terry Says
You’ll have to sell your I-bond (knowing that if you hold less than a year, you’re not only subject to income taxes on the interest you earned, but also a 3-months loss-of-interest penalty). The money from the sale will drop back into your linked bank account. Then you can go back to your TreasuryDirect account and buy T-bills.