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Why did the Treasury sharply limit I Bond purchases? [Forbes]

Sunday, February 28, 2010 - 3:26 PM
One of the founders of the Bogleheads community looks into the question about why the Treasury slashed the annual purchase limits of savings bonds. Also, he describes how you can max out under the current limits.
1
Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
Rep Points: 125,077
1. Tuesday, March 2, 2010 - 5:27 PM
The Treasury Department has been trying to push the investors with the big money balances over to putting the money into T-bills, notes, and bonds and away from Savings Bonds.  Savings Bonds are now seen as something that targets the person with little money to invest.  Since it carries tax deferral properties unlike the other government securities, they don't want the rich investor to benefit from it.  They want to limit the money that you can keep shielded from taxes.
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AnonymousAnonymous2,282 posts since
May 9, 2010
Rep Points: 3,919
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