Thus, bond yield depends on the purchase price of the bond, its stated interest rate, usually called the coupon rate— which equals the annual payments by the issuer to the bondholder divided by the par value of the bond — + the amount paid at maturity, which is the face value, often...
For bonds issued now through April of 2023, the rate is 6.89%.This type of bond doesn’t require you to pay any state income taxes, although federal income taxes apply. Just remember that Series I Savings Bonds aren’t quite as liquid as some other investments. For example, you can ...