I know we have discussed this on here a few times, few Questions.

Interest rate is 9.62% for May Thru October, 2022.

Can only invest $10,000. per year. Is that from the day you purchased the previous Bond, or January 1st each year.

Can I and Spouse each purchase one for $10,000 each?

Must hold it for 12 months, then after that point if you withdraw you loose the last three months of interest.

Can I buy this in an online trading account? Is their a symbol for it or do you have to buy the bonds from the Treasury?

Thank You so much for any information or things I’ve missed here.

You Tube has several 5-6 minute videos that answer all your questions. With visual aides even.

Search the title of this thread.

I do know you have to create a treasury account online. I have heard that there has been some problems with the website due to volume. I know there is a $10k/year limit but don't know answers to other ?s. I have been thinking of doing this myself.

I have an account and bought $10k so far. The website is loaded with security as it must be to prevent any kind of fraud. Part of it has a virtual keyboard which can be challenging. They don’t recommend using a tablet but even with my PC my wireless mouse would sometimes click twice when I only clicked once. I had to use a different wired mouse. It locks up quick if you enter something incorrect and the only way to get it unlocked is to call them and the wait times are pretty extreme. All in all to me the guaranteed rates are too good to pass up just wish the limit was higher per year.

I actually just bought some yesterday. It's pretty easy. You will need to link your checking account so don't freak out.

10k is the limit per person per calendar year. However you can "gift" 10k worth. I gifted my wife and mother 10k each as well.

You can put an additional $10k in a trust or a business account and can purchase other treasury securities through the same Treasury Direct website.

One of the more bizarre things about it is that the government will tax you on the interest they pay you. So basically I'm making the government a loan and they're paying me interest on it and then they're going to tax me on the interest they paid me?

I mean financially it's negligible right but it is just kind of a funny concept

Helpful to know the tax rules on government debt. Treasure bonds are exempt from state and local tax. Municipal bonds are exempt from federal tax. And knowing how governments like to make things complicated, there are probably a few exceptions.

I’ve read on the website from the link above.

It seems you can buy $10,000 if it’s an electronic bond but only $5,000 if it’s a paper bond they mail to you.

Seems strange to me?

Is that correct?

So what happens in October? Does your money roll into a new interest rate weather it’s higher or lower?

That is what I understand. And you can convert the paper to electronic. I am going to try this out.

The rate resets twice annually in early May and early November. When you purchase a bond you get the rate in effect at the time of purchase for six months then the next rate for the next six months, etc. The rate can go higher or lower each time it resets - it is based on the trailing inflation rate.