Bonds accrue interest, and your gains are compounded, meaning that interest is earned ... can be cashed in once they’re a year old. If you cash in either series sooner than five years, you ...

Best of all, you won’t pay state or local taxes on bond interest, and you can defer federal tax until you cash in the bond or it reaches maturity. Additionally, some bonds used for qualified ...

Interest paid on municipal bonds is often tax-free, making them an attractive investment option for individuals in high tax brackets. General obligation (GO) munis provide cash flows generated ...