Which of the following is NOT true about EE savings bonds?
A) Interest payments are received annually but are tax deductible.
B) About one in six Americans owns a savings bond.
C) These are tax deferred investments.
D) Paper bonds sell for one-half of their face value.

Question

Quizplus · Accepted Answer

Interest on EE savings bonds is not received annually; instead, it accumulates and is paid when the bond is redeemed. Additionally, the interest is not tax deductible, though it is tax-deferred until redemption.

Which of the Following Is NOT True About EE Savings