It’s time to buy I Bonds!
I waited until now because I wanted to earn a little more interest on the money in my checking account at Alliant Credit Union. I Bonds will still pay interest for the full month if you buy on any day during the month. Therefore if your own bank account pays interest, it’s better to buy near the end of the month. Money will stay in your own account longer earning more interest, although these days it isn’t much.
Actually you can schedule your purchases ahead of time. That way you don’t have to remember to log in near the end of the month. Here’s how:
You log in to TreasuryDirect with your account number.
You enter your password on a virtual keyboard using your mouse. If you are wondering how to enter lower-case letters, note that the password is not case sensitive.
Not Purchase Express
You see a big Purchase Express box on the account page but that’s only for an immediate purchase (hence "Express"), not for scheduling a future purchase.
Look for BuyDirect in the navigation menu on the top.
Select Series I Savings Bonds on the next page.
You can schedule a single purchase, recurring purchases in fixed intervals, or multiple purchases on custom dates. Bonds will be issued on the next business day after your purchase date. So don’t pick the very last day of the month. Pick the second last business day at the latest. I would leave a few more days of cushion.
Now that I’m done with the purchases through TreasuryDirect, I’m just waiting to get taxes done for the additional $5,000 in paper I Bonds through the backdoor.