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Series HH Bond

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Series HH bond

Series HH Savings Bond
In the United States, a formerly-issued savings bond, exempt from state and local taxes, with an interest rate fixed for 10 years. These bonds paid par upon maturity, which was 20 years after issue. They were non-transferable and must either have been held or redeemed. Very often, the interest rate dropped to 1.5% after 10 years, which rarely kept pace with inflation. Series HH bonds were discontinued in 2004. See also: Series H bond.


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The other way is to procure the proceeds from a matured Series HH bond.
After conversion, they will receive semi-annual interest payments from the Series HH bonds, which must be included on their returns.
Series HH ` Series HH bonds are current-income securities that do not increase in value.
 
 
 
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