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Topic: Cumbersome U.S. savings bond
digital system frustrates customers |
Cumbersome U.S. savings bond
digital system frustrates customers
Detroit Free Press, by Susan Tompor
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Original Article
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Posted By:Ribicon, 12/22/2012 11:28:55 AM
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| ´Tis the season to be cranky — especially if you tried to buy a U.S. savings bond for the grandchildren. I heard from several readers who aren´t fond of the new online TreasuryDirect system for buying digital bonds. I had tested the system a few weeks ago and wrote about my touch-and-go experience. This is the first holiday season that paper U.S. savings bonds aren´t being sold at banks. Now you´ve got to go to www.treasurydirect.gov for digital bonds. The Treasury Department says the TreasuryDirect system is a good way to buy savings bonds as gifts regularly for family
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Comments:
Chronically short on funds, the highly paid experts at the federal government can´t put together a straightforward e-commerce website with which to raise funds.
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Reply 1 - Posted by:
Muncssister, 12/22/2012 11:35:04 AM (No. 9079445)
Don´t give savings bonds. Problem solved!
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Reply 2 - Posted by:
NorthernDog, 12/22/2012 11:44:12 AM (No. 9079459)
They basically don´t want to deal with Savings Bonds anymore. Ironically, if you hold them at least 20 years the interest rate is pretty good compared to anything else out there.
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Reply 3 - Posted by:
Skeptical1, 12/22/2012 12:38:56 PM (No. 9079527)
The Treasury Direct site is a little fussy, but it´s worth the aggravation. The I-Bond is a very good deal in today´s market. Inflation protected, tax-deferred, and paying 1.76%. Too bad you can only buy $10,000 per calendar year, per account. But each family member can have their own account.
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Reply 4 - Posted by:
Delilah, 12/22/2012 1:07:41 PM (No. 9079566)
I may be alone on this, but I would not trust the USA to be able to pay off bonds in 20 years. These trillion dollar deficits have to catch up to us sometime - and soon.
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Reply 5 - Posted by:
dr.lakerman, 12/22/2012 1:54:29 PM (No. 9079627)
The Kenyan klown would rather borrow money from china, I guess. So his tax cheating treasury secretary makes it more difficult for americans to purchase savings bonds.
what other explanation is there?? And if 10,000 dollar limits are appropriate on americans, set the same limits on the chinese government.
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Reply 6 - Posted by:
JDD, 12/22/2012 5:03:09 PM (No. 9079809)
They´re just testing their system for internet access to 0bamacare.
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Reply 7 - Posted by:
Trigger2, 12/23/2012 3:10:40 AM (No. 9080171)
We don´t borrow money from China anymore. The Chinese wised up and won´t lend anymore. Instead, Barry just tells Bernake to ´hit a button´ and ´buy´ U.S. debt. I figure the dollar is worth about 20 cents now and declining as I write this. But, there is NO inflation.
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