Bonds

Income from state and local obligations (municipal interest), which is tax-free in the United States, is not excluded from the Illinois Income Tax unless law specifically provides for it. Is the interest on municipal bonds taxable to the state? Residents of the issuing state are generally excluded from federal and state taxes on income earned […]

Although the current 2.2 percent interest rate on Series I savings bonds is appealing, purchasing the bonds has grown more difficult. Paper Series I and EE savings bonds—those handy envelope stuffer gifts—can no longer be purchased in banks or credit unions; instead, you must purchase electronic bonds through TreasuryDirect, the Treasury Department’s Web-based system. Our

Whether you have a paper or electronic savings bond will determine where you can cash it in. Paper bonds Your bank or credit union should be able to cash in your paper savings bonds. If you’re going to a financial institution where you’re not a member or customer, check to see if they’ll cash your

List of Savings Bond Cashing Banks Is it possible for a bank to refuse to redeem a savings bond? Bring your bond to your bank, but not any bank. It has to be an account that you’ve owned for at least six months. If that isn’t possible, you can use a government-issued photo ID to

Casey B. from the Everett Financial Center and Luann A., teller supervisor at the Tukwila Financial Center, are joining us to share their stories. The variation of the teller line is its most distinguishing feature. They conduct a wide range of transaction services on a daily basis, ranging from typical deposits, withdrawals, payments, and check

The immediate impact of an increase in bond prices on interest rates is the most obvious. The interest rate on a $100 bond is 5% per year if the bond pays $5 in interest per year. If the bond price rises to $125, the annual interest rate will be merely 4%. Is it true that

When the Fed buys bonds on the open market, it expands the economy’s money supply by exchanging bonds for cash to the general public. When the Fed sells bonds, it reduces the money supply by taking cash out of the economy and replacing it with bonds. As a result, OMO has a direct influence on

When the Fed buys bonds on the open market, it expands the economy’s money supply by exchanging bonds for cash to the general public. When the Fed sells bonds, it reduces the money supply by taking cash out of the economy and replacing it with bonds. As a result, OMO has a direct influence on

Is the interest on savings bonds taxable? The interest you make on your savings bonds is taxed at the federal level, but not at the state or municipal level. any federal estate, gift, and excise taxes, as well as any state inheritance or estate taxes Is income from bonds considered? Interest paid on fixed income

Apple, the world’s most valuable business by market capitalization, has recently become a bond issuer, taking advantage of record low borrowing prices. In February, the iPhone maker sold $14 billion in bonds. Apple bonds are they safe? Apple bonds aren’t very attractive, but the issues due through 2025 are arguably as safe as any government