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What is a Payroll Zero-Percent Certificate of Indebtedness (Payroll C of I) security?

April 26, 2017Certificate Indebtedness payroll security zero-percent

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What is a Payroll Zero-Percent Certificate of Indebtedness (Payroll C of I) security?

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A Payroll Zero-Percent Certificate of Indebtedness (Payroll C of I) is a Treasury security that does not earn any interest. It is intended to be used as a source of funds for purchasing Series EE and Series I savings bonds through the Payroll Savings Plan in TreasuryDirect.