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What is the deffered interest on HH bonds?

Updated: 9/15/2023
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Plettieri

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14y ago

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Q: What is the deffered interest on HH bonds?
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When HH bonds mature must they be redeemed immediately?

No, but it will stop earning interest.


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The current interest rates of US Saving Bonds are 0.2 percent for Series EE Bonds. Series I Bonds have interest rate of 1.18 percent. Series HH Bonds have interest rate of 1.5 percent.


What is APA Treas 310 Misc Pay?

It could be interest paid on US Series HH savings bonds. It's paid twice a year by direct deposit. Series HH bonds value is always the face value, any interest earned is paid twice a year.


What is the deferred interest listed on hh bonds?

When a person redeems/cashes in any savingsbond, they have to pay taxes on the interest they earned on that bond. Instead of cashing in those savingsbonds and having to report all of that interest made and paying taxes on it, people used to be able to buy HH bonds with their other bonds. Because they only converted one bond to another, they did not have to pay the tax on the interest they earned. 'Deferred Interest' is the amount of interest earned on the bonds that were used to purchase your HH bonds, and it is also the amount that you would have to pay taxes on upon redeeming/cashing in your HH bonds. I had difficulty understanding this term as well, until I went to my bank and had it explained to me in plain language. PS. HH bonds are pretty neat. I just received a few that haven't matured yet and am getting them reissued in my name so that I can receive the interest payments as opposed to redeeming them right away for face value and missing out on the interest they could earn. It's not a lot of money, but at least it'll end up paying for the taxes I'd owe on the 778.00 in deferred interest. (That's a lot of tax!) I hope this makes sense!


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How do you cash in U.S. Savings Bonds, Series HH?


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HH and Hh; Hh & Hh;Hh &hh; HH & hh


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What are the benefits of investing in municipal bonds versus collecting interest at a bank?

The rate of interest offered by Bonds is marginally more than the interest offered by Banks.