How can I buy I Bonds for my grandchildren?


Q. What’s the easiest way for me to purchase four separate I Bonds as gifts for my four grandchildren and add one of the parents as a beneficiary?
— Grandma

A. I Bonds are very popular right now because of inflation, which gives the bond super higher historical interest rates.

It’s one of the few good things to report related to inflation.

You can gift savings bonds to whomever you’d like as long as they have a taxpayer ID or Social Security number, said Nicholas Scheibner, a certified financial planner with Baron Financial Group in Fair Lawn.

He said if they are over 18, you can purchase the bonds as gifts.

Per the Treasury Direct website:

“When providing your registration information, if the gift registration you want is not listed in the drop-down box, you can create one by clicking the `Add New Registration’ button. Make sure to choose the type of registration you want (Sole Owner, Primary Owner, or Beneficiary) and click the `This is a gift’ box at the bottom of the Add New Registration page.”

Scheibner said the person you are gifting the bond to will need a Treasury Direct account before the bonds can be delivered.

“If the children are under 18, the best way would be to open a `Minor Linked Account’ within your TreasuryDirect account,” he said. “The account should be linked to the parent’s account as they are the ones financially responsible for their children.”

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This story was originally published on Oct. 27, 2022. presents certain general financial planning principles and advice, but should never be viewed as a substitute for obtaining advice from a personal professional advisor who understands your unique individual circumstances.