Current income bond Definition
If you have a bond that pays you extra money (interest) every six months, you have a current income bond. For these bonds, the face amount always stays the same. For example, if the bond says $100 on it, then it's worth $100 when you decide you don't want it anymore. As long as you keep the bond, you'll get extra money (interest ) in your bank account twice a year. If you have one of these bonds, it probably says Series H, Series HH, Series G, or Series K on it.