Awesome Tips How to Buy I Bonds (And Get a 9.6% Return)
Keeping your savings in the bank? You could be losing money. Claire Reilly explains how to take advantage of high inflation with a simple investment that can bring big returns.
Keeping your savings in the bank? You could be losing money. Claire Reilly explains how to take advantage of high inflation with a simple investment that can bring big returns.
0:00 Intro
0:54 What are I Bonds
1:20 The Inflation Effect
1:55 How to Buy I Bonds
3:45 The Returns
4:47 Who is it For?
5:31 Conclusion
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Deals for Days. Big home savings are happening now.
Why is a British woman with roots telling us about American bonds?
Incredibly useful video. The website is a bit newer on the front end, but the same once you log in. So the instructions on how to actually buy still work. Thank you CNET.
Incredibly helpful video. The walkthrough saved me a lot of headache trying to navigate the site. Really appreciate this!
Does that 9% interest rate stay throughout the term or does it change after 6 mos?
So, when you buy these I Bonds, there is just a record in Treasure Direct website? That's it? Nothing on hands?
Sadly you have to be 18 to purchase
This is a perfect video š This is exactly what Iāve been looking for š
the amount you gain per year wont even cover 1 month of rent in nyc better off opening a small business and sell some junk on ebay
can i buy with a credit card?
Very disappointing that the video doesn't show, step-by-step, how to designate a beneficiary or a joint owner.
Can you clarify how the 3-month interest penalty works? For example, say I buy a bond right now at 9.6% and that rate is good for six months, and then the rate drops to, say, 0% for the second six months. After 12 months, I decide to cash in the bond, so I am subject to three months loss of interest. Is that three months interest at the initial rate of 9.6%, or is it three months interest at the final rate of 0% or is it based on the blended rate which would be 4.8%? I think how they handle this penalty is key to making the decision on whether to buy the bond if you only plan to keep it a year.
Thank you
What is the difference between paper I bone and electronic I bonds??.. pro and con between the difference?ā¦I appreciate you time.
Good presentation. I thought no federal taxes.
Thanks for the video!!! It is very helpful. When I check the TD web, it does not specify how much I can buy ibond as a gift to someone. It only mentions I can only gift $10,000 to someone each year. Does it mean I can buy, for example $50,000 ibond to my wife as a gift this year and deliver to her $10,000 per year for the next 5 years?
Thank you! This was very informative.
Thank you for a very illuminating and easy-to-understand video about Series I Bonds. Wonderful job on the video presentation!
Great video. The Treasury Direct web site is absolutely hideous. I don't know how the government could f*** up a site so badly but they figured it out. I guess the biggest downside I see to I-bonds is the $10,000/year maximum.
For an I-BOND purchased in APRIL 2022:
What TD will show you:
I-BOND: 04-01-2022 Accumulated interest shown (less the 3-month penalty)
ANY DAY IN A GIVEN
MONTH YOU
VIEW ACCUMULATED
INTEREST IN YOUR
ACCOUNT:
05-2022 $0
06-2022 $0
07-2022 $0
08-2022 interest from April
09-2022 Apr+May
10-2022 Apr+May+Jun (6 Month Interest Rate Reset)
11-2022 Apr+May+Jun+Jul
12-2022 Apr+May+Jun+Jul+Aug
01-2023 Apr+May+Jun+Jul+Aug+Sep
02-2023 Apr+May+Jun+Jul+Aug+Sep+Oct
03-2023 Apr+May+Jun+Jul+Aug+Sep+Oct+Nov
STARTING NEXT MONTH YOU CAN REDEEM YOUR I-BOND and GET:
MONTH OF
REDEMPTION:
04-2023 Apr+May+Jun+Jul+Aug+Sep+Oct+Nov+Dec
05-2023 Apr+May+Jun+Jul+Aug+Sep+Oct+Nov+Dec+Jan
06-2023 Apr+May+Jun+Jul+Aug+Sep+Oct+Nov+Dec+Jan+Feb
07-2023 Apr+May+Jun+Jul+Aug+Sep+Oct+Nov+Dec+Jan+Feb+Mar
Get it?
Since during the month that you would REDEEM the I-Bond you would get ZERO INTEREST for that ENTIRE MONTH!! The 3-month penalty applies to the PRIOR 3 FULL MONTHS you held the I-Bond. That's why many are suggesting that when you redeem I-BONDS you should redeem them very early of any given month.
You will ONLY GET the full 12 months of interest payments when you REDEEM DURING ANY DAY IN JULY 2023…. No more, no less. So why would anyone EVER redeem their I-bonds on any date late in a month? Give the Feds free use of your money for an additional month?
WITHOUT EXCEPTION it is ALWAYS BEST, to buy I-bonds LATE IN ANY MONTH, and redeem I-bonds EARLY IN ANY MONTH when thinking about maximizing the RATE of RETURN.
Nice job on showing how to set up the account and buy the i bond. This website isnāt the best
How to buy I bond via my childās SSNļ¼ can I buy it under my account or I need to create another account for her?
Great content as always, videos like this and insight from an expert really goes a long way.
Is there any way that foreigner can buy these bonds?
You did not mention that they want this form sent back to them which needs to be certified by someone at a bank with a seal and all. It will take two weeks to get to use the account. Oh my bureaucrats at work!!
I just applied , TD is asking for signature guarantee from the Bank , unfortunately, Chase would not do this for you , I was able to get one from B.A. but on my application I used my Chase account , Can I send them this form ? Thanks
Blonde gal talking too fast and with a strange accent….Better to have someone who talks slower for those who are trying to understand how to buy I bonds.
I Bank with CHASE
I applied and received a notice āwe are having difficulty verifying the information you provided. A form was provided for account authorization to bring to Chase Bank.
CHASE BANK reused to help me because they do not have a āSignatureGuarantee Seal or Stampā
I put in a request for the purchase of an iBond one month ago, and received a (false) reply a day later confirming the purchase. But looking into my TreasuryDirect account, there was no purchase; looking into my bank account showed no withdrawal. After inquiring by e-mail, I was lectured: ā…we will respond only to questions satisfying the following two criteriaā both of which were met previously. After waiting for another two weeks, I called and was given the message that āit could take up to 8 weeks to processā ā not one day as told by theoretical experts here on YouTube. How long is the wait for a human to answer my phone call? āWe are experiencing a traffic heavier than usual… your call will be answered in about 2 hoursā.
Donāt know if others are met with the same experience.
You don't have to tell us your real hair color…..
Do accountants charge extra to file this in tax?
I think i may have screwed up getting my i-bonds April 20 thinking i had to be on board before the may rate started.. I wonder what I did because im a first timer..
How can I buy U S I bonds from Nigeria ?
This gal didn't really explained properly. That fake blonde drama queen. Waste of tims.
this was probably the most influential video to me. I have never heard of I Bonds before until this video. Just invested and I feel so thankful for CNET. thank you so much cnet
I bonds earn interest for 30 years unless you cash them first. You can cash them after one year. But if you cash them before five years, you lose the previous three months of interest. (For example, if you cash an I bond after 18 months, you get the first 15 months of interest.)
Before your purchase any bond, you need to carefully read about Maturity the length of time you must hold the bond without a penalty. You will be penalized if you cash in this bond early. As an investment you need to always do your due diligence by reading everything carefully and understand before investing in it.