8 ms·

That’s why you buy through a bank. Edit: I am wrong. You can only buy it two ways which is ridiculous in my view. More to the point of the website that belong

by lvl102 4y ago

That’s why you buy through a bank. Edit: I am wrong. You can only buy it two ways which is ridiculous in my view. More to the point of the website that belongs in a museum, why can’t they update this consumer facing portal? What happened to all the people from “digitization” govt organizations? Such as 18F and usds. Oh. You mean all they do is replace the front end? Got it.

elicash 4y ago
You can’t buy i bonds through a bank. You’ll be happy to know this site is in fact being redesigned per an article I read recently
gkuan 4y ago
Unfortunately, for this particular type of bond, a Series I US Savings Bond, they can only be purchased through TreasuryDirect or by way of a tax refund. Since 2012, they are no longer sold through banks [1]. For regular Treasury Bills, Notes, and Bonds, buying through a broker is an option. But separately, it is a miracle that the author didn't hit the physical identity verification path [2] when signing up for the TreasuryDirect account. [1] https://treasurydirect.gov/timeline.htm?src=td&med=banner&loc=consumer https://treasurydirect.gov/timeline.htm?src=td&med=banner&lo... [2] https://money.stackexchange.com/questions/46840/treasury-direct-requires-medallion-for-verification-how-can-i-get-my-bank-to-do https://money.stackexchange.com/questions/46840/treasury-dir...
Redoubts 4y ago
This is honestly one of the better interfaces for financial instruments and services. :(
boris-ning-usds 4y ago
We absolutely can update this consumer facing portal, and I believe there is a Treasury team actively working to modernize this portal. Personally, I didn't even know of this portal's existence until I signed up for an account and and went through the same process the author went through. I noted the same security theater and passed it over to my USDS team to see if there's anything we can do. At first glance, simply replacing the front end is a solution, but there are bigger problems here that the author did not try. If one tries to change your bank account number, having typed in it wrong, they'll have to mail in a physical form to have it changed. As the author noted, going over $10k per year will also trigger unintended consequences that can span 8-10 weeks before the money is returned. There are problems here that goes beyond just replacing the "front end".
- lvl102 4y ago
  Thank you so much and I will look forward to what you guys can do with this. It’s definitely getting used right now and am sure you can confirm that on your end.

by lvl102 4y ago

elicash 4y ago

You can’t buy i bonds through a bank. You’ll be happy to know this site is in fact being redesigned per an article I read recently

gkuan 4y ago

Unfortunately, for this particular type of bond, a Series I US Savings Bond, they can only be purchased through TreasuryDirect or by way of a tax refund. Since 2012, they are no longer sold through banks [1]. For regular Treasury Bills, Notes, and Bonds, buying through a broker is an option. But separately, it is a miracle that the author didn't hit the physical identity verification path [2] when signing up for the TreasuryDirect account. [1] https://treasurydirect.gov/timeline.htm?src=td&med=banner&loc=consumer https://treasurydirect.gov/timeline.htm?src=td&med=banner&lo... [2] https://money.stackexchange.com/questions/46840/treasury-direct-requires-medallion-for-verification-how-can-i-get-my-bank-to-do https://money.stackexchange.com/questions/46840/treasury-dir...

Redoubts 4y ago

This is honestly one of the better interfaces for financial instruments and services. :(

boris-ning-usds 4y ago

We absolutely can update this consumer facing portal, and I believe there is a Treasury team actively working to modernize this portal. Personally, I didn't even know of this portal's existence until I signed up for an account and and went through the same process the author went through. I noted the same security theater and passed it over to my USDS team to see if there's anything we can do. At first glance, simply replacing the front end is a solution, but there are bigger problems here that the author did not try. If one tries to change your bank account number, having typed in it wrong, they'll have to mail in a physical form to have it changed. As the author noted, going over $10k per year will also trigger unintended consequences that can span 8-10 weeks before the money is returned. There are problems here that goes beyond just replacing the "front end".

lvl102 4y ago
Thank you so much and I will look forward to what you guys can do with this. It’s definitely getting used right now and am sure you can confirm that on your end.