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The first six months of this year it was possible! All that would be needed would be a parent company that creates child LLC’s, one per customer, and then purch
by koolba 4y ago
The first six months of this year it was possible! All that would be needed would be a parent company that creates child LLC’s, one per customer, and then purchases $10,000 of I Series bonds using the child LLC tax ids.
The rate was 9.6% so you would have been pocketing a 1.6% spread on the customer deposits.
- gruez 4y agoI'm pretty sure only natural persons (ie. not corporations) can buy I series bonds. From treasury direct >Is there a maximum amount I can buy? >In a calendar year, one Social Security Number or one Employer Identification Number may buy: > up to $10,000 in electronic I bonds, and > up to $5,000 in paper I bonds (with your tax refund) >For individual accounts, the limits apply to the Social Security Number of the first-named in the registration.
- koolba 4y agoCorporations can definitely buy I Bonds. They just need a tax id.