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Reply to "How to buy I - Bonds "
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[quote=Anonymous][quote=Anonymous]So I bought some bonds (both EE and I) for my kids like 10 years ago. I have the paper certificates. I just went to TreasuryDirect to buy some more I Bonds. Although I have some bonds and I remember using Treasury Direct, there was no account for me so I created a new account for myself. I bought an I bond with some of the money in my emergency fund. Pretty straight forward. Now I want to buy one for each of my kids. I quickly got very lost on that website. I created two "linked minor accounts". But I'm not sure if these should be "gifts". I was trying to do that but it asking me to add a registrant. I wasn't sure if they wanted me to add one of my kids. It was asking for primary, secondary, sole owner. Confusing. I have no idea how to buy an I bond for my kid. If anyone does this, can you share some details? Thanks[/quote] By memory I think if you have a linked minor account you don’t need to buy them as a gift— a gift would be if you bought them in your account but asked them to be delivered to the linked account as a gift. Each bond needs to have a registration— simplest is just the name of the account owner (or recipient for a gift) but you can also add a secondary owner. Have you set up the linked account to have a default registration of your child’s name?[/quote]
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