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Originally Posted by suedavids
If you are buying on line, you have to open an account with treasury direct https://www.treasurydirect.gov/RS/BP...ation=rscreate. I do not buy on line. I buy paper bonds at a bank. You can buy direct and they hold them for you or they can send you paper.
To track your bonds, download "bond wizzard" and enter the numbers of your bonds. You can check the value through this program. It keeps a running tally.
Be careful when you cash these in. You need to wait until they payed. I think they pay quarterly so make sure you don't pull the money before they pay out.
The advantage of buying paper i-bonds is that you can register these I-bonds to a trust. Treasury direct does not offer the internet bonds to be designated in trust accounts.
There is a phone # on the site to call the federal reserve if you need help. I would suggest buying one small one first to make sure you are doing it correctly. |
One additional thing. To buy ibonds go to
www.savingforbonds.gov Always make sure the gov is in the address or it could be a scam.
