With the rising rates of inflation in the US and the way other asset classes have dropped in value, US investors have turned towards buying treasuries and US savings bonds to protect their wealth because interest rates were inflated due to recent CPI reports. Each year the Treasury allows individuals to purchase up to 10k per calendar year.
Most recent rates can be found at I bonds interest rates — TreasuryDirect and sit at 6.89% through April 30, 2023.
Instructions to purchase the bonds are below:
- Login to treasury direct account: Log In — TreasuryDirect
- Create an account if you don’t have one – ( You will need your SSN, bank account info)
- Go to BuyDirect – at the top options
- Select the correct kind of bond (current high yield bonds are series I bond)
- Input bank info and enter amount to buy (Max is 10k for each year)
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The content of this post is provided as educational information only and is not intended to provide investment or other advice. This material is not to be construed as a recommendation or solicitation to buy or sell any security, financial product, instrument, or to participate in any particular trading strategy.