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Treasury Direct
#15030746
03/29/24 02:26 PM
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Joined: May 2008
Posts: 3,844
donothin
OP
TFF Team Angler
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OP
TFF Team Angler
Joined: May 2008
Posts: 3,844 |
On the advice of someone here, I looked into Treasury Direct which pays interest based on inflation. Bought it for my wife and myself. Horrible website to use. She passed away and I am trying to get her money. They require signature that must be witnessed by someone higher than a notary. My bank is a branch bank and does not have such a person on staff, so I will be required to travel 50 miles to the main bank to find someone. Had I known it was such a monstrous task, I would have never bought into it.
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Re: Treasury Direct
[Re: donothin]
#15030775
03/29/24 02:57 PM
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Joined: Dec 2007
Posts: 14,591
bloo_rainger
TFF Guru
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TFF Guru
Joined: Dec 2007
Posts: 14,591 |
If I could draw 25% interest I would leave it there.
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Re: Treasury Direct
[Re: donothin]
#15030776
03/29/24 02:59 PM
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Joined: Oct 2006
Posts: 95,830
Bigbob_FTW
Big Sprocket Bob
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Big Sprocket Bob
Joined: Oct 2006
Posts: 95,830 |
What is higher than a notary?
FJB
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Re: Treasury Direct
[Re: Bigbob_FTW]
#15030806
03/29/24 03:25 PM
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Joined: May 2008
Posts: 3,844
donothin
OP
TFF Team Angler
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OP
TFF Team Angler
Joined: May 2008
Posts: 3,844 |
What is higher than a notary? There is one that is available at banks. They have a different seal.
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Re: Treasury Direct
[Re: donothin]
#15030814
03/29/24 03:26 PM
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Joined: Oct 2006
Posts: 95,830
Bigbob_FTW
Big Sprocket Bob
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Big Sprocket Bob
Joined: Oct 2006
Posts: 95,830 |
What is higher than a notary? There is one that is available at banks. They have a different seal. Learn something new every day.
FJB
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Re: Treasury Direct
[Re: donothin]
#15030841
03/29/24 03:46 PM
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Joined: May 2008
Posts: 3,844
donothin
OP
TFF Team Angler
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OP
TFF Team Angler
Joined: May 2008
Posts: 3,844 |
At the time I invested, they were paying 10%, but they adjusted that downward after 6 months. Now paying about the same as a bank CD, but much more trouble to manage. Would never do them again no matter what they were paying. Too much hassle.
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Re: Treasury Direct
[Re: Bigbob_FTW]
#15030855
03/29/24 04:00 PM
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Joined: Jun 2020
Posts: 11,266
grandbassslayer
TFF Guru
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TFF Guru
Joined: Jun 2020
Posts: 11,266 |
What is higher than a notary? A medallion stamp, no one hardly wants to do it, because if fraud is involved they are basically taking the fall 100 percent for whatever loss incurs. A good reason why stuff should be in trusts and this would never happen.
Last edited by grandbassslayer; 03/29/24 04:01 PM.
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Re: Treasury Direct
[Re: donothin]
#15031008
03/29/24 06:50 PM
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Joined: May 2002
Posts: 5,745
JCG57
TFF Celebrity
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TFF Celebrity
Joined: May 2002
Posts: 5,745 |
Treasury Direct is the website of the US Treasury that investors use to purchase federal government bonds, notes and bills. The OP is referring to I-bonds that pay interest rates that adjust every six months based on inflation. The website is what would expect from the government - not intuitive, but after buying and redeeming quite a few Treasury notes and some I-bonds over the last three years I have learned how to quickly navigate the site. Depending on when purchased, it might be a good time to sell an I-bond and repurchase a new one: bonds bought before May 1 will carry a fixed rate of 1.30% (constant for as long as you hold of the bond) and a variable rate that resets every six months from date of purchase. The current combined rate is 5.27%.
Last edited by JCG57; 03/29/24 06:54 PM.
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Re: Treasury Direct
[Re: donothin]
#15031067
03/29/24 08:15 PM
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Joined: Nov 2009
Posts: 39,449
Dan90210 ☮
Jr Deputy Dan
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Jr Deputy Dan
Joined: Nov 2009
Posts: 39,449 |
I'm sorry to hear about your wife.
Agreed it's not a very user friendly site. But I was able to manage through it. Had some good returns for a while but we took all of our money out of there. The limits on how much you can invest and the revised rates make it unappealing.
A tip to anyone looking at those types of govt Investments they do offer listing someone as a CO account holder. Makes it a lot easier should someone pass away to disposition the account.
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Re: Treasury Direct
[Re: donothin]
#15031192
03/29/24 10:48 PM
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Joined: Feb 2006
Posts: 5,096
BillS2006
TFF Celebrity
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TFF Celebrity
Joined: Feb 2006
Posts: 5,096 |
Transgenders: God made them, the devil changed their minds.
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Re: Treasury Direct
[Re: donothin]
#15031211
03/29/24 11:28 PM
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Joined: Feb 2018
Posts: 15,391
Sawhorse
TFF Guru
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TFF Guru
Joined: Feb 2018
Posts: 15,391 |
What is higher than a notary? There is one that is available at banks. They have a different seal.
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Re: Treasury Direct
[Re: Sawhorse]
#15031254
03/30/24 12:48 AM
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Joined: Apr 2007
Posts: 2,818
gregpaul
Extreme Angler
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Extreme Angler
Joined: Apr 2007
Posts: 2,818 |
What is higher than a notary? There is one that is available at banks. They have a different seal.
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Re: Treasury Direct
[Re: grandbassslayer]
#15031542
03/30/24 01:46 PM
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Joined: Sep 2006
Posts: 10,047
Spiderman
TFF Guru
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TFF Guru
Joined: Sep 2006
Posts: 10,047 |
What is higher than a notary? A medallion stamp, no one hardly wants to do it, because if fraud is involved they are basically taking the fall 100 percent for whatever loss incurs. A good reason why stuff should be in trusts and this would never happen. This, we had to do it to redeem ours. Sorry, to hear of your wife’s passing. Just make the drive and get past it!
The Truth is six of the seven Dwarfs are not Happy!
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Re: Treasury Direct
[Re: donothin]
#15031613
03/30/24 02:56 PM
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Joined: May 2008
Posts: 3,844
donothin
OP
TFF Team Angler
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OP
TFF Team Angler
Joined: May 2008
Posts: 3,844 |
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