How is interest paid on a series I bond?
Interest is paid through compounding effect. Unlike most bonds which pay "coupons" that are attached to the bond, series I bonds will pay via compounding interest accrued.
Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction: How is interest paid on a series I bond?
### Input: 
### Response: Interest is paid through compounding effect. Unlike most bonds which pay "coupons" that are attached to the bond, series I bonds will pay via compounding interest accrued.