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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

ONE ADVISOR | TWICE THE ADVICETM

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 [email protected].

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.

For disclaimer, please follow our link below:

https://www.peakeadvisors.com/site/wp-content/uploads/2019/05/Compliance-Social-Media-Disclaimer.pdf

Tomy Taylor, CPA/PFS

Tom has over 25 years of experience in finance and accounting. Before founding Chesapeake Financial Advisors (CFA) in 1998, Tom started his career at the international accounting firm Ernst & Young as an auditor in the Financial Services Industry Group. He then joined Legg Mason as an Investment Banking Analyst. In this role, he acquired extensive transaction experience in common and preferred equity stock offerings, mergers and acquisitions and fairness opinions. This experience laid the foundation to branch out and form CFA.

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