: Bonds earn interest for up to 30 years unless cashed earlier. 5. Interest Rates & Taxation
: You can purchase up to $10,000 per person, per calendar year through TreasuryDirect. how to buy i bonds
: Interest is exempt from state and local taxes, though federal income tax still applies (unless used for qualifying higher education expenses). : Bonds earn interest for up to 30
: If you cash out before 5 years , you forfeit the last three months of interest earned. : Interest is exempt from state and local
: Visit TreasuryDirect and follow the prompts to "Open an Account". Choose "Individual" for a personal account. Set up security questions and a password. Authorize Funding : Link your checking or savings account. Execute Trade : Log in and select the "BuyDirect" tab. Select "Series I Savings Bonds" and click "Submit". Enter the amount you wish to purchase (minimum $25). Review the purchase and confirm. 3. Investment Limits
: You must have a Social Security number and be a U.S. citizen, a U.S. resident, or a civilian employee of the U.S. government.
: The rate is a combination of a fixed rate and a variable inflation rate that resets every May 1 and November 1 .