Treasury I Bond Purchase Limits
My wife and I are considering purchase of I Series Savings Bonds, and are aware of the restrictions regarding maximum purchase amount of $10K per calendar year when done through Treasury. Direct. The Treasury Direct website appears to allow bond registration in the name of an individual “John Q Public” or jointly as “John Q Public WITH Mary R Public”. If the bond is registered jointly, is the limit of bonds purchased that way then $20K per year? Or is the only way for our household to reach the $20K limit be to register one $10K bond to John individually, and another $10K bond to Mary?
Terry Says
That’s a tough one, because the TreasuryDirect.gov website doesn’t spell it out re the limits — although of course, you can own bonds jointly. My suggestion is to each buy $10,000 in Ibonds and name the other as beneficiary.
