Opening Treasury Direct Account
In reading learning I-Bonds and Treasury Direct, I felt it important that I actually open a Treasury Direct account even if I didn’t plan on buying any bonds just yet. It’s a quick five minute process and besides the typical personal information, it would be handy to have your driver’s license and your bank information (that you’ll link to the Treasury Direct account). I opted to use my Emigrant Direct account (Name: Emigrant Savings Bank, Routing #: 226070319, it’s important to have the name typed correctly) as the linked bank.
The account opening process was two pages long (the second was just pick a password, a hint, and some security verification questions) and I was surprised that the password could only be a combination of letters and numbers but no big deal. According to the webpage my account was setup and ready to go, less than five minutes! Look in your email inbox for an email with your account number.
3 responses to “Opening Treasury Direct Account”
pfadvice responds:
Posted: October 22nd, 2005 at 8:02 pm
Yep, I just opened an account too. Extremely easy to do.
Michael responds:
Posted: October 23rd, 2005 at 3:43 pm
It was the easiest thing I’ve ever done that had ANYTHING to do with the U.S. government.
Surely they’ll figure this out soon and scrap the whole program.
Making Our Way responds:
Posted: April 8th, 2006 at 2:48 am
Dear friends,
Of course it’s easy, the want your money!
Virtually anything that has to do with giving the federal government money is always MUCH easier than getting it back.
For instance, it’s easy to pay the government taxes - they’re automatically taken out of your pay check. You can actually look at your tax return as your effort to DEFEND what you keep. Much harder work.
Governments always make it easier to give them money than to take it.
I just bought some ibonds for my eldest son. I’d like to keep much more liquid, especially if we have some family expenses. I’m expecting he won’t need to touch the money for a long time. We bought them at a bank and the experience went quite smoothly (I wonder how they make money on it).
Has anyone actually gone ahead and bought any ibonds?
If you wanted to maximize liquidity, what vehicle would you use that paid higher than emigrant direct?
Have a wonderful Saturday,
makingouway