Treasury Direct

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.

If I could draw 25% interest I would leave it there.

What is higher than a notary?

There is one that is available at banks. They have a different seal.

Learn something new every day.

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.

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.

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%.

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.

Think beneficiary.

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!

Thanks, will do.