Series I bond
I have submitted some funds into the Treasury Direct program. Opened the account in March and have sent some funds since. It’s not much but when I look, interest has not been applied. I have sent 2 emails through the website asking and have yet to get a response. Question is: is this truly a safe way to invest and how is interest paid?
Terry Says
It is 100% safe! If you bought Treasury BILLs, then the interest is deposited directly back into your account immediately after your purchase (or automatic rollover).
If you bought Series I bonds, the value of the PURCHASE price is in your account — and you can find it in the account tab. But you won’t know the current value including accrued interest until you cash them in — at least 5 years from now.
