How can I sell I bonds? [USA TODAY]
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Source: USA TODAY
Paper I bonds can be cashed online, or they may be accepted by some banks. If you hold an I bond for less than five years, you'll lose three months' interest. I bonds have been a popular investment option recently. Many people purchased them as inflation rose and I bond interest rates hit levels not seen in years. Whether you bought I bonds or are considering doing so, you may be wondering how to sell them. The answer depends on whether you have electronic or paper I bonds. Either way, the government makes the process relatively simple. But first, you must understand how I bonds work and how long you need to hold them. We'll cover that and then get into the nitty-gritty of selling them. What are I bonds? And how do I bonds work? I bonds are a type of savings bond issued by the U.S. Department of the Treasury. They're designed to earn interest based, in part, on the current rate of inflation. The composite interest rate for I bonds is set with a formula that uses two numbe
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