Problem: Where Can I Invest in a U.S. Treasury Series I Savings Bond?
Solution: Open an Account at www.TreasuryDirect.gov.
U.S. Treasury Series I Savings Bond
Benefits of a Series I Savings Bond
Series I Savings Bonds are U.S. savings bonds designed to help preserve purchasing power during periods of inflation. Interest generally accrues on a tax-deferred basis until redemption, and qualified education-related tax benefits may be available if applicable IRS requirements are satisfied.
Steps to Take:
- Go to www.TreasuryDirect.gov and click “TreasuryDirect” underneath Account Login.
- Click Log In and then “Open a new Account” at www.TreasuryDirect.gov
- Click “Apply Now” and choose the account type and click Submit.
- Enter your information, check the box, and hit Submit.
- Double-check that all of your information is correct and click Submit.
- Choose an image and caption it, then click Submit.
- Enter your information and click Submit.
- Now that you are done signing up, click TreasuryDirect Home and then click TreasuryDirect Login again.
- Click Log In and enter the Account Number that was sent to your email and click Submit.
- Enter your one-time password that was sent to your email and check the box before clicking Submit.
- Enter your account password now and click Submit.
- Click BuyDirect at the top and then in the Savings Bonds section, select “Series I” and click Submit.
- Enter the purchase amount, select a one-time purchase or repeat purchases (if so, how often) and click Submit.
Key Things to Note:
- Generally, the purchase limit is $10,000 a year per person, plus $5,000 of tax refund.
- Married couples may each establish their own TreasuryDirect account and purchase bonds subject to applicable ownership and purchase-limit rules.
- Interest rates change every 6 months (May 1 and November 1).
- Interest earned is generally exempt from state and local income taxes. Federal taxes on interest may generally be deferred until redemption or maturity.
- Must hold the bond for at least 12 months.
- If the bond is sold before 5 years, owner will generally lose the previous 3 months of interest.
- Interest may be excluded from federal income tax when bonds are used for qualified higher-education expenses and all applicable IRS requirements are satisfied.
Current interest rates, purchase limits, and program rules are available at TreasuryDirect.gov and are subject to change.
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Disclosures: Information contained herein is intended for informational, illustrative and/or educational use only and not designed to be a recommendation for any specific investment product, strategy, plan feature or other purpose nor shall it be construed to be the provision of individualized investment, tax or legal advice. Endowment Wealth Management, Inc. (“EWM”) is not soliciting or recommending any action based on this material. This is neither an offer nor a solicitation to buy/or sell securities in any state or jurisdiction where EWM is not registered, or notice filed and does not qualify for an exemption from such registration and notice filing requirements. Prior to making any investment or financial decisions, an investor should seek individualized advice from a personal financial, legal, tax and other professional advisors that consider all of the particular facts and circumstances of the investor’s own situation. All investments involve risk and potential loss of capital and, unless otherwise stated, are not insured or guaranteed.
While the content herein has been obtained from sources that we consider reliable, we do not represent that the information is accurate, complete, or current and it may be relied upon as such. Reliance upon any information in this material is at the sole discretion of the reader. Content is subject to change without notice.
Interest rates, purchase limits, tax rules, and Treasury regulations may change over time. Any tax benefits discussed are subject to applicable IRS requirements and limitations. This material should not be construed as individualized investment, tax, or legal advice, nor as a recommendation to purchase any specific security. Investors should consult with their financial advisor, tax professional, or other qualified professionals regarding their specific circumstances.
Endowment Wealth Management, Inc. (“EWM”) is registered as an investment adviser with the SEC. Registration does not imply a certain level of skill or training. A copy of EWM’s disclosure documents, including Form ADV Part 3 (Client Relationship Summary), Form ADV Brochure Part 2, and Privacy Statement, are available upon request.