I bond ownership
My wife and I currently have an I bond joint account. Is it possible to create an individual account for either one of us?
Thank you.
Terry Says
You don’t really have a “joint” account at Treasury direct, although you might have a co-owner(with) on your bond. Please note the column update on my website, that explains this. Here is the relevant paragraph.
“You and your spouse are each permitted to open a TreasuryDirect account. If you choose to include your wife on bonds you purchase, it is commonly referred to as a “with” registration. You would be the primary owner and your wife would be the secondary owner. For example, “John Doe WITH Jane Doe”. The primary owner is named first and has the right to transact the bond. Upon the death of either the primary or secondary owner, the survivor will be considered the sole owner of the bond. The other options would be sole owner or beneficiary registration. Therefore you would have one $10,000 registered as Husband with Wife and another $10,000 registered as Wife with Husband.”