I'm not big on I Bonds for myself, but I thought I would buy one for my nephew for his birthday.* I found out the only way to get him a paper I bond is by me filling out a paper application.* If I were to get him one through Treasury Direct, I would have to hold it until he turned 18 since he is only 8 and can't open his own Treasury Direct account until he is 18.* I don't mind buying him a bond, but I don't want to have to worry about holding it for him for 10 years (or more) and then having to worry (remember) about transfering it to him.
Does this make sense?* There's no other online way to get him a paper I bond?* And if he can own a paper I bond, why can't he have his own Treasury Direct account until age 18?
No man is free who is not master of himself. --- Epictetus
Enjoy Yourself (It's Later Than You Think). --- Guy Lombardo