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Current Income Savings Bond

Current Income Savings Bond Definition

A savings bond, typically Series H or HH, on which interest is paid every six months, usually via Direct Deposit, to the owner or co-owners. The purchase or issue price of a current income savings bond (the principal) is its face (or par) value and remains constant. Series G and Series K bonds, both now matured, were also current income savings bonds.

RELATED TERMS
Direct Deposit
Savings Bond
RELATED CATEGORIES
Bonds




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