With the US inflation rate reaching 7.9% on February 2022, it’s becoming increasingly important to save and invest our money to keep up with inflation. One of the best inflation-proof assets are Series I Savings Bonds, otherwise known as “I Bonds.” In this video, we’ll talk about what I Bonds are, why they’re amazing, and then I’ll show you a step-by-step tutorial on how to purchase them!

TIMESTAMPS:
0:00 Introduction
0:48 What Are I Bonds?
2:30 Why I Bonds Are Amazing
4:20 How to Open A TreasuryDirect Account
5:43 Important Tips
7:02 How to Buy I Bonds

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– Kupla – Lavender
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#Investing #Bonds #IBonds

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How to Buy I Bonds: Step-By-Step Tutorial to Earn High Interest!

When it comes to investing your hard-earned money, it’s crucial to consider options that not only provide attractive returns but also safeguard your investment. Enter I Bonds – a Treasury bond issued by the United States government that offers a fixed rate of return combined with inflation protection. In this step-by-step tutorial, we will guide you on how to buy I Bonds and leverage their potential for high-interest earnings.

Step 1: Establish an Account
To start your journey toward purchasing I Bonds, you need to have an account with TreasuryDirect. This online portal is operated by the U.S. Department of the Treasury and enables you to buy, manage, and redeem Treasury securities. Simply visit the TreasuryDirect website, click on “Open an Account,” and follow the steps to create your account.

Step 2: Fund Your Account
Once your account is set up, you’ll need to transfer funds from your bank account to TreasuryDirect. This will provide you with the necessary resources to purchase I Bonds. Link your bank account with your TreasuryDirect account, and ensure sufficient funds are available. This process may take a few days for verification, so plan ahead accordingly.

Step 3: Decide on the Purchase Amount
Determine the amount of money you would like to invest in I Bonds. Keep in mind that the maximum annual purchase limit for I Bonds is $10,000 per Social Security number for electronic purchases. You can buy I Bonds in any increment down to $25.

Step 4: Place Your Order
Once your funds are available in your TreasuryDirect account, you can proceed to place your order for I Bonds. Log in to your account, navigate to the BuyDirect page, and choose “I Bonds” as your desired investment. Enter the amount you wish to purchase and follow the prompts to complete your order. Double-check all the information for accuracy before finalizing the transaction.

Step 5: Confirm and Pay
After reviewing your order details, you will need to confirm your purchase. TreasuryDirect offers various payment options, including using funds already in your account or initiating a separate payment from your linked bank account. Select your preferred payment option and complete the payment process. Be sure to verify all amounts before proceeding, ensuring the correct order is being placed.

Step 6: Store Your I Bonds Securely
Once your purchase is complete, TreasuryDirect will credit the I Bonds to your account. It’s crucial to keep a record of the details, including the amounts, issue dates, and maturity dates of your I Bonds. Store this information safely, preferably in both digital and physical forms, to avoid any potential loss.

Step 7: Manage and Redeem Your I Bonds
TreasuryDirect allows you to manage and track your I Bonds electronically. You can track the growth of your investment, calculate its current value, and even redeem I Bonds once they reach maturity. Stay updated with the changing interest rates and inflation adjustments, as they may offer opportunities for optimal financial management.

Investing in I Bonds can provide a secure and reliable avenue for earning high interest rates while protecting your investment from inflation risks. By following these step-by-step instructions, you can navigate the process of buying I Bonds smoothly and begin to reap the benefits of this lucrative investment opportunity. So, why wait? Start exploring the world of I Bonds today!