It is not the bond that does not produce interest, but the financial account in which bonds are held. Basically that account works as a "box", just a container for the bonds. But the bonds pay their interest separately on my regular bank account. I guess the most similar concept here in the U.S. may be a brokerage account. It is just an account, for which I pay fees to my bank, in order to be allowed to buy and sell bonds. Regardless of whether I do or do not have any bond, and regardless of how long I keep them, the account itself is not going to produce interests just because I am holding bonds inside it. Does that make sense?
