Author Topic: I-Bonds...a great place for idle cash  (Read 940 times)

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Offline ChiKid24

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Re: I-Bonds...a great place for idle cash
« Reply #15 on: October 14, 2021, 11:41:06 AM »
How do I buy them? Just fire up robinhood or TDAmeritrade?

Unfortunately they can only be purchased at Treasury Direct. The website is clunky and takes some time. Would suggest starting the process if you are interested. See the link I included on original post

Offline Cares

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Re: I-Bonds...a great place for idle cash
« Reply #16 on: October 14, 2021, 11:27:58 PM »
Treasury Direct is super clunky for sure. You're required to put in your password with your mouse and a virtual keyboard. Really annoying.

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Re: I-Bonds...a great place for idle cash
« Reply #17 on: October 14, 2021, 11:29:27 PM »
I Bonds going to be 7%+ coming this November. If you haven't purchased your $10k this year I suggest waiting until November to purchase and then purchase another $10k in January.

You can purchase $10k per spouse and also another $10k in a trust account.

By trust account, it includes a living trust account?

Yes Living Trust. Just open a Treasury Direct account and select Trust when signing up.

Offline hurijo

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Re: I-Bonds...a great place for idle cash
« Reply #18 on: October 21, 2021, 09:39:04 AM »
For those with experience with I-bonds, can you redeem(withdraw) partial amounts from your bonds? For example, if you purchased $10k in I-bonds, can you withdraw just $2k at a time? Or do you have to withdraw the entire $10k?

Offline ChiKid24

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Re: I-Bonds...a great place for idle cash
« Reply #19 on: October 21, 2021, 02:43:02 PM »
For those with experience with I-bonds, can you redeem(withdraw) partial amounts from your bonds? For example, if you purchased $10k in I-bonds, can you withdraw just $2k at a time? Or do you have to withdraw the entire $10k?

After 1-year hold, you can redeem as little as $25 at a time. See Treasury Direct for lots of good information: https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_iredeem.htm

 

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