Buy Savings Bonds Online with Treasury Direct Website
Buying US Bonds for Safer Investing
With the stock market’s wild ride and people even invoking the specter of the 1929 stock market crash, it is no wonder that beginners and seasoned investors alike are looking for safer investments. One option is US government bonds which have the backing of the full faith and credit of the United States government. These guaranteed bonds are safe from default and thus carry no risk of loss of principal if held to maturity.
Buying government bonds is a new experience for some, but fortunately, it is easy to invest in a wide variety of government securities from Series EE Savings Bonds or Series I Savings Bonds and other types of US Treasury Bonds as well.
In fact, if you are looking at getting a tax refund, TreasuryDirect can even help you use your federal income tax refund to buy government bonds.
Buying US Bonds for Safer Investing
The US Treasury Department has setup a dedicated website for bond investors at TreasuryDirect.gov. At TreasuryDirect, investors can not only buy US government bonds, but also find educational information, how-tos, and other assorted materials suitable from everyone from beginning “dummies” investors to expert bond investors.
Whether you are looking for information on Treasury Auctions, including the results of past auctions, or if you just need to know what interest rate Savings Bonds are paying, all of that information and more is on the Treasury Direct site.
But, TreasuryDirect isn’t just for research and keeping track of government debt. The Treasury Department makes its bonds, bills, and notes available for direct purchase through the website, which allows investors to invest in bonds without paying any commissions, markups, or spreads.
Investors can purchase Treasury Bills, Treasury Notes, Treasury Bonds, Treasury Inflation-Protected Securities (TIPS), Series I Savings Bonds, and Series EE and E Savings Bonds through TreasuryDirect. There are even payroll savings plans which allow for individuals to have money automatically deducted from their paycheck to invest in several types of Treasuries and Savings Bonds. Employees at participating employers can even setup deductions to purchase paper savings bonds, popular with those people who like to have something tangible to hold as a result of their savings.
Buying US Bonds for Safer Investing
In order to purchase US Savings Bonds and other US government bonds, you will have to setup an account. However, account setup is relatively easy and can be done online. The TreasuryDirect account is linked to a bank account of your choosing which is used both as a source of funding as well as the destination for withdrawals. Once setup, investors can go online 24 hours a day, 7 days a week to manage all of their government bond and savings bond investing in one convenient place.
Reference: US Treasury Direct Website
