TreasuryDirect Series I Savings Bonds: Who Qualifies and What You Get
Learn how Series I Savings Bonds provide inflation protection for US citizens and residents, including rules on minimum purchases and withdrawal limits.
Series I Savings Bonds, often referred to as I-Bonds, are a government-issued savings vehicle designed to protect your money from the effects of inflation.
Who it's for
This scheme is available to US citizens and residents. It is a way for individuals within the United States to invest their money directly through the government.
What you get
When you invest in these bonds, you receive an inflation-protected savings vehicle. This means the value of your investment is tied to inflation rates, helping to ensure that your savings maintain their purchasing power even when the cost of goods and services increases over time.
What it costs you
To participate in this scheme, there is a minimum purchase requirement of $25. To manage your investments and facilitate the movement of funds, you must link a bank account to your account on the official portal.
The catch to know
The most important rule to remember is the restriction on early withdrawals. You cannot cash these bonds out for at least 12 months after you purchase them. You must be prepared to keep your money invested for at least one full year before you can access it.
How to apply
- Go to the official government portal.
- Set up an account to manage your savings and bond holdings.
- Link your personal bank account to the system to allow for transfers.
- Choose your desired purchase amount and follow the prompts to complete the transaction.