School of Personal Finance –
Should You Buy I Bonds –
In this video I walk you through how to purchase Series I Bonds on the Treasury Direct Website. In my previous video linked above I talked about how I bonds work and why they are very attractive to purchase in the current environment.
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To Becoming Great with Money,
Rich McCormack, CFP®…(read more)
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If you are looking for a low-risk investment option for your money, I Bonds may be a good choice for you. A type of savings bond issued by the U.S. Department of the Treasury, I Bonds offer a safe and reliable way to earn a return on your savings. And the good news is that buying I Bonds is a simple and straightforward process, especially when using Treasury Direct, the official website of the U.S. Treasury.
Here are the steps to buying I Bonds on Treasury Direct:
1. Create an account: The first step to buying I Bonds on Treasury Direct is to create an account on the website. This involves providing some personal information, such as your Social Security number, date of birth, and contact information. You will also need to create a username and password for your account.
2. Fund your account: Once your account is created, you will need to fund it in order to purchase I Bonds. You can do this by linking your bank account to your Treasury Direct account and transferring funds electronically. This process may take a few days to set up, so it is important to plan ahead if you are looking to buy I Bonds by a specific date.
3. Purchase I Bonds: With your account funded, you can now proceed to purchase I Bonds. On the Treasury Direct website, navigate to the section for purchasing savings bonds and select “I Bonds” from the available options. You will then be prompted to enter the amount you wish to invest in I Bonds, with a minimum purchase of $25 and a maximum purchase of $10,000 per calendar year.
4. Choose your registration: When buying I Bonds, you will have the option to choose the registration of the bonds. This can either be in your own name, in the name of someone else, or in the name of a trust or organization. You will also need to provide the Social Security number for the person or entity that the bonds are being registered to.
5. Review and confirm: Before completing the purchase, it is important to review all the details of your transaction to ensure accuracy. This includes verifying the amount of the investment, the registration of the bonds, and the payment method. Once you are satisfied with the information, you can proceed to confirm the purchase.
6. Receive your I Bonds: After confirming your purchase, the I Bonds will be issued to you and added to your Treasury Direct account. You will be able to view and manage your bonds through your account on the website, as well as track their value and interest accrual over time.
Overall, buying I Bonds on Treasury Direct is a simple and convenient process that allows you to invest in a low-risk savings bond with ease. By following these steps, you can take advantage of this investment opportunity and start earning a return on your savings through I Bonds.
I've come to realize that the key to amassing wealth lies in making sound investments. I purchased my first home at the age of 21 for $87,000 and sold it for $197,000. My second home, acquired for $170,000, was later sold for $320,000, and my third property, purchased at $300,000, fetched $589,000, with buyers covering all closing costs and expenses. Not reaching a million before retirement feels like an unfulfilled goal.!!
thank you for walking me through! great job. so I can cash out in 10 years without penalty and leave my bond in for 30 years? would love to better understand that.
I have had an I bond since April of last year and have received no interest at all… it’s still at my original amount… am I doing something g wrong?
Thank you
are these the bonds that have gotten a huge increase in yield recently?
It was really easy to understand and very helpful!!!! Thank you so much!!!!
Guys I have a question, if I already bought and am paying the bond in payments rn can I edit my payments to be larger and pay it quicker or? And does that affect my return?
Very clear and helpful tutorial . . . . . Thank You!
Thanks man, great video.
how do you sell them please help next month i complete my 12 month since i bought ibond and i dont see nothing on how to sell them
A driver's license number and expiration date are not a required fields.
You can use your phone I guess to register and buy?
I "bought" an I bond on oct 28, the deadline…but the confirmation says it is a request and the actual purchase date is Oct 30. Can you clarify if I got the higher interest rate? I cannot find any information explaining the difference.
make a video of what you do at the 5 year mark.
That keyboard never shows up for me
A huge THANK YOU to you for posting this GREAT How to video, I couldn't have done it without you! Great job, THANK YOU!
Locked out cause can't remember my password or security questions.
Can I use my iPhone to make a purchase?
Thank you for the video. Do you know how to delete a treasury direct account? I can’t find an option for this on the treasury direct website. Thanks
great video. I tried purchasing a gift but the treasury direct screen prompt says there is annual limit. I dont think it is recognizing that I am purchasing a gift i bond (followed their videos ). Do you have the same issue with purchasing gift i bonds for someone using personal account?
Good step by step video. I was able to create a TreasuryDirect account but got stumped at the 'Buy Direct' step at top of page and it logged me out when I clicked on something else. Very unforgiving site. I will subscribe the your site.
Thanks for the detailed walk through, can we allocate 10k/year for both spouse and kids?
I presume the funds must be in the source of payment account before you hit "submit" to make the purchase, in other words, the funds must be there.
What if the website couldn't verify my information and made me snail mail a form to the TreasuryDirect building?
Can you explain what it means to buy in trust ?
How do you buy for your children? Different registrations? Thanks
Can I buy 150k worth?
What about Beneficiary
quality of video recording is bad
Great Video!
Great video
Thank you ! very direct! i wished all government or company should make some step by step video. It save time from calling help desk to correct mistake..
Thank you, sir!
thanks
Thank you for making the video!!!
Thank you so much for making this video! I followed along step by step and made my first I Bond purchase.
Thank you Rich, for this very useful video. I also read the link you already provided to someone hereunder but did not quite understand. I plan to purchase an ibond for myself and one for my grandson and wish to have his mother's name on it. My name will normally show up as the registered person. Since it is a giflt, could I on the second screen put the mother's name as First Named Registrant and the child's name as Second Named Registrant? I waited on the phone for 4 hours and could not get through to anyone at Treasury Direct to ask this question.
Very direct and to the point video. Had your video in one browser Treasury Direct in the other. Worked great.
Great video thanks. When you purchase an I Bond do you need to have the $amount in your linked account at the time. I'm asking because you may have the funds for the purchase but at the time they are being transferred in from another source into your linked account and may still be in transit.
Must purchaser choose EITHER an electronic OR paper bond, or can both be ordered?
THANK you very much!
Fs 5444 that’s the form.
Hello sir great content ,but i want to asking you a question please,I’m trying to create an account but when i finish put all my information,than send the application,so they send me a Email say my account on hold,so send me a link to download a form filling out and send to them to think that normal?
We
My question concerns the titling of the joint individual account. Does the word "with" mean "or" or "and"?
I went to their stupid website and just entered all kinds of personal information, which if stolen can completely destroy my life, and the website left me with a message that they could not verify my information. A link was given to print a form, fill it out, notarize it and mail it in – you got to be kidding me. This was a dead end and now I have to worry about my information being stolen. I have no way of knowing if I even reached a spoofing site.
Hi! I got iBond in April. Recently (early this August) my account got locked, and I got an email to call them. I call the number they provided and the wait time is 3 hours… I looked on yelp and see a lot of bad feedback regarding their customer service since 2015. My account is still lock and I can't wait for that long, I am working and need my phone and they are only open on weekdays until 4 or 5pm. I emailed them already and no response until now. Do you have any suggestion on how I can solve my problem, unlocking my account? With this experience I am regretting on investing with them.
Can you buy i bonds with a credit card?
THANK YOU, this video was extremely helpful!