Purchasing bonds upto $90,000 a year
 

I called "the bond office" (not treasury direct) today to see how many more bonds I can purchase before the year ends and credit cards are no longer accepted. I was under the impression that one is entitled to buy $30,000.00 a year per SSN#. However, I was informed today that one can purchase 30k of E series, 30k of I series and an additional 30k with the new electronic bond if you set up an account. Therefore, it would be possible to buy 90k a year of bonds with one SSN#.

[This message has been edited by moeman (edited 07-28-2003).]

[This message has been edited by moeman (edited 07-29-2003).]

[This message has been edited by moeman (edited 07-29-2003).]

I dont think Treasury Direct ever took CC purchases. However the SavingBonds page does. If you do a search there are plenty of links to that page

Your numbers are off a little. Correct numbers are:
I - 30
EE - 15 cost/30 face
total - 45 per ssn.

Face value of I is same as cost.
Face value of EE is twice the cost.

LemonThrower-
I apologize if I was not clear. You are right the E series bonds are half the face value, however, one would still get 30,000 points for the purchase. In addition according to the person I spoke with one could purchase the eletronic bonds on top of their E and I bonds.



[This message has been edited by moeman (edited 07-29-2003).]

This is incorrect. You only get points for the dollar value of your purchase, like any credit card purchase. Therefore, 30K face of EE yields 15K points.

The rules changed in May 2003 for EE bonds.
Here is the wording from http://www.savingsbonds.gov/sav/sbregfaq.htm


Purchase Limitations

1. What are the maximum amounts an individual can invest in EE and I bonds each year?


In general, as of May 2003, the person whose SSN appears on a bond can invest up to $30,000 (issue price) in paper EE bonds per calendar year, and up to another $30,000 (issue price) in electronic EE bonds through TreasuryDirect. (The previous annual limitation was $15,000 (issue price) for paper EE bonds.) This person can also continue to invest up to $30,000 (issue price) in paper I bonds and up to another $30,000 (issue price) in electronic I bonds in TreasuryDirect. For additional electronic purchase limit information, see our TreasuryDirect web site.

One additional point: If you're able to buy more bonds with a TreasuryDirect account (electronically), such an account doesn't have a way to purchase using a credit card. I opened one as a test account, and the only way to purchase is using electronic funds transfer from your bank account.