How You Can Purchase I Bonds Direct from the Treasury

How You Can Purchase I Bonds Direct from the Treasury

October 24, 2022

With inflation hovering near 40-year highs, some investors are looking for investments that keep pace with rising prices. For many, a Series I Savings Bond is just the ticket. I Bonds give investors a rate of return plus inflation protection and are backed by the U.S. government.

It’s been big business. The Treasury sold more than $27 billion of I Bonds since last year. That's more than a 70-fold increase from 2020, when inflation hovered in the 1 percent range.1

Purchasing I Bonds through is simple. In fact, the site was recently redesigned, making now an excellent time to give it a look.2

Here’s how to get started.

1. Gather your info. Make sure you have the following close at hand: your taxpayer identification number, current address, checking or savings account information, and email address.

2. Go to's account creation page. Navigate to the bottom of the page and select “Apply Now” on the left. This will begin your account creation journey. Next, you will choose between an Individual or Entity account. Select the Individual account type (the default option) and click “Submit.”

3. Enter your info. Using the information gathered in step 1, fill in the fields requested and check the box at the bottom to certify your Taxpayer Identification Number. Click “Submit.

4. Select a personalized image. Take some time here to select an image and caption you will remember. Think of this as a visual password for your account. Click “Submit.”

5. Secure your account. Select your password and security questions on this screen. Make sure the answers to your security questions are impossible to guess but easy to remember. Click “Submit” to move to the final step.

6. Check your email. Finally, look for your TreasuryDirect account number in your email. You’ll need this to log into your account later.3

You can begin purchasing I Bonds now that you’ve created your account. Here are a few things to keep in mind. I Bonds earn interest for 30 years unless you cash them in. You can do this after a year has passed from the time of purchase, but you'll lose the previous three months of interest. However, if you let them mature for five years or more, there is no penalty.

The maximum amount you can invest is $10,000 per person per year. A married couple can buy up to $20,000. Parents can create custodial accounts for children and then make a purchase. A person can invest up to $15,000 if they elect to get tax refunds in I Bonds.4

Questions about I Bonds or anything else financial? Feel free to reach out anytime.

1., October 4, 2022
2., 2022
3., 2022
4., 2022

I Bonds are not FDIC insured. Their annual interest rate is derived from a combination of a fixed rate and a variable semiannual inflation rate, which is set based on changes to the CPI-U. Interest earned is subject to federal income taxes unless used for qualified education expenses, but not state or local income taxes, and is paid when the bond is cashed. There is an interest rate risk and opportunity risk where I Bonds are particularly susceptible during periods of low inflation and the rare instances of deflation.