Saving bonds
Hi Terry! I came in very late because I had money issues particularly with my car but I finally got around to purchasing series I bonds. Treasury direct was a little hard to navigate, but are these savings bonds? Also I purchased $50 I have no idea if that’s for one or several. Thnx
Terry Says
Yes, Series I bonds are a form of savings bonds. You should plan to hold them at least 5 years to avoid penalties. And it’s no longer a question of “one” bond or many — just the total invested in your TreasuryDirect.gov account.
Please read this article: https://www.terrysavage.com/i-bonds-yield-7-12-chicken-money-alert/
Now that you have the account open, why don’t you set up a $100 a month purchase plan with them. They will automatically take it out of your checking account to buy more bonds.
