Below are scenarios in which double taxation may occur: The primary bond owner may have been reporting the interest income every year, and you are the co-owner.
The main purpose behind these new 'I' bonds was to protect the bond owner/investor from inflation.
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See the current savings bond rates for bonds available for purchase.Reviewer: Sahil Batra, Gurgaon, March 5, 2017 Rating Expert Banking Assistence I have an Indusind Select banking account and I must say that I'm highly impressed with the assistence they provide telephonically.However, the Treasury has guaranteed that the composite rate will never go below zero.What are they really worth today?Doorstep banking to help you get your cheques and cash picked up or delivered at your doorstep, without any charges.It will help you understand why Series I Savings Bonds compare favorably with other investments.
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Series I Savings Bonds earn interest for 30 years, so they have 60 rate periods.Paper Series I Savings Bonds are purchased at face value.Skip to Content, overview, welcome to the world of Exclusive Banking- IndusInd Bank's premier banking program.Make certain you keep essex local council elections your 1099-INT form with your taxes.The bond must be at least 12 months old.For further details, call our Exclusive Phone Banking number: or contact your Relationship Manager.