Friday, April 15, 2016

How to Buy a Gift Savings Bond in TreasuryDirect (PDF)

Before you get started, it’s important to note a few things about gift savings bonds in TreasuryDirect:

► Gift savings bonds are issued only in electronic form. 

► The recipient of a gift savings bond must have a TreasuryDirect account before you can deliver the bond. When you buy savings bonds as gifts, you must hold them in your TreasuryDirect account for at least five business days before you can deliver them. Until the recipient sets up an account, you can hold the bond in the Gift Box area of your TreasuryDirect account. If the recipient is under the age of 18, the child’s parent or legal guardian MUST set up a Minor Linked Account within the parent’s or legal guardian’s TreasuryDirect Account. 

► Treasury bills, notes, bonds and inflation-protected securities (TIPS) are not available for purchase  as gifts
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