How to Buy Series I Savings Bonds

How-to-Buy-Series-I-Savings-Bonds

Series I Savings Bonds help protect your assets from inflation. With an I Bond, you earn both a fixed rate of interest and a rate that changes with inflation. Two times per year, they set the inflation rate for the next six months. They can be purchased for yourself, your child, or as a gift for someone else. Series I Savings Bonds are currently yielding 9.62% when purchased through October 28, 2022. The new bond will be repriced on November 1, 2022, with an interest rate of 6.48% so it’s important to act fast to lock in the 9.62%.

How to Purchase I Bonds

To start – visit https://www.treasurydirect.gov/savings-bonds/buy-a-bond/

To buy a savings bond in TreasuryDirect you must first open a TreasuryDirect Account. Once your account has been created, please follow the steps below:

  1. Go to your TreasuryDirect account.
  2. Choose BuyDirect.
  3. Choose I bonds, and then click Submit.
  4. Fill out the rest of your personal information requested.

You can buy an electronic savings bond for any amount from $25 to $10,000 to the penny. For example, you could buy an electronic savings bond for $75.38.

In any one calendar year, you may buy up to $10,000 in Series I electronic savings bonds for yourself as the owner of the bonds. That is in addition to the amount you can spend on buying savings bonds for a child or as gifts.

Watch our How-To Video on YouTube

Please visit our YouTube channel to watch a video on how to do this step by step: YouTube: How to Buy Series I Savings Bonds

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Has your advisor talked to you about Series I Savings Bonds? Yielding 9.62%? Give us a call to learn more about how you could benefit from purchasing a Series I Savings Bond at (410) 823-5442 or email invest@peakeadvisors.com.

Chesapeake Financial Advisors is a fee-only financial planning, investment advisory, and tax planning firm with offices in Towson, Columbia, Frederick, and Chevy Chase Maryland.

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