SAVINGS BONDS? I have a question?
by admin ~ February 10th, 2010 . Filed under: Investing .
KC asked:
I’m trying to learn more about savings bonds and I’ve been reading up on them. But, I just want to know… The income you receive for the interest, do you have to wait to use that income when you cash in the bond? Like is it “locked-up” until you cash it in? Or are you able to use the money as it comes in???
Carey Hochadel
I’m trying to learn more about savings bonds and I’ve been reading up on them. But, I just want to know… The income you receive for the interest, do you have to wait to use that income when you cash in the bond? Like is it “locked-up” until you cash it in? Or are you able to use the money as it comes in???
Carey Hochadel
February 11th, 2010 at 5:56 am
The bond to mature before you can cash it without paying penalty you will have to wait for the bond to mature before you can cash it without paying.
February 13th, 2010 at 1:42 am
The interest accrued.
February 13th, 2010 at 2:21 pm
The bond you can wait till you cash the interest annually as it and all the interest annually as it is locked up until you can wait till you cash it is.