Can we buy I-bonds for kids

[pulihora65]

Hi Friends,
is it possible to buy ibonds on kids name? Online lo check chesa gaani ..antha clarity ravatledu..db lo evarana purchase chesi unte.pls share ur thoughts.

[Spartan]

yes u can

same process

[MeetFriendz]

anthe yendivi avi?

 

[Pavanonline]

2 hours ago, pulihora65 said:

Hi Friends,
is it possible to buy ibonds on kids name? Online lo check chesa gaani ..antha clarity ravatledu..db lo evarana purchase chesi unte.pls share ur thoughts.

Yes, you need to create a minor account, you’ll have options when you login in your account. Catch is you can only withdraw funds and use for them, not sure how it can be verified though.

[pulihora65]

So kids account need to be created a s a separate profile or trough the parents account?

[Spartan]

3 minutes ago, pulihora65 said:

So kids account need to be created a s a separate profile or trough the parents account?

Electronic savings bonds

https://www.treasurydirect.gov/savings-bonds/buy-a-bond/#id-managing-savings-bonds-for-a-child-under-18-802156

If you buy electronic savings bonds for a child, here's how that works:

The child needs a TreasuryDirect account that is linked to the account of a parent or other adult custodian. You (the parent or other adult custodian) may open a TreasuryDirect account for the child. You can then buy savings bonds or other securities, as well as conduct other transactions, for the child. Other people can buy savings bonds for the child as gifts to go into the child's linked account.

See more About linked accounts

[Sarvapindy]

4 hours ago, pulihora65 said:

Hi Friends,
is it possible to buy ibonds on kids name? Online lo check chesa gaani ..antha clarity ravatledu..db lo evarana purchase chesi unte.pls share ur thoughts.

wat is i-bond