The National Directory of Certified Public Accountants

Ask A CPA - Treasury/Savings Bonds

What Are Series HH Bonds?

Series HH savings bonds are current-income securities. This means that, unlike the EE bond, the HH bond itself doesn’t increase in value. When an HH bond is issued, you pay the face amount for the HH bond and interest is paid each six months, providing you with “current income.” The interest payments on HH bonds are made by direct deposit to your checking or savings account at a financial institution.

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