Friday, October 21, 2005

On Board With I-Bonds, Part 2



And it's speedy, too.

Readers will recall that a few nights ago (late Wednesday, October 19) I opened an account with Treasury Direct. I wanted to add some U.S. I-Bonds to my portfolio, and Treasury Direct looked like the best way to get it done.

As soon as I opened the account, I set up a transfer from ING Direct. I noticed that this afternoon, my ING Direct account showed the withdrawal of funds. And this evening, my Treasury Direct account shows that I'm now an official I Bond holder.

Pretty quick turnaround, huh? I'm impressed.

— Posted by Michael @ 11:21 PM








4 Comments:
 

Wow. That is fast. I just finally pulled the trigger on opening up an Emigrant acct. I probably should have done it sooner, and will also probably kick myself for not buying some Ibonds now.
Hazzard

 

Funny, I am in the process of doing the same thing and I also found the process to be extremely quick and easy.

 

I agree...treasury seemed speediest of all. Emigrant was snail-like.

I am reconsidering my decision to split my ibond purchase between now and after Nov 1..."conventional wisdom" seems to think the fixed rate will drop a bit. Sigh.

 

I'd hedge my bets and split. But that's my conservative side talking.

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