Ask Terry Questions Series I Savings Bond/T-Bill

Series I Savings Bond/T-Bill

By Terry Savage on June 17, 2024 | Chicken Money

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?


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.



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