
The US Treasury's TreasuryDirect platform is a convenient way to buy and manage government securities.
You can purchase Treasury bills, notes, and bonds directly from the US Treasury through TreasuryDirect.
This platform allows you to set up a TreasuryDirect account online or through a mobile app.
TreasuryDirect is a safe and secure way to invest in government securities, with a low risk of default.
For another approach, see: How to Buy T Bills on Treasurydirect
What is Treasury Direct?
Treasury Direct is the online platform where you can buy U.S. government securities directly from the U.S. Treasury.
These securities include Treasury bills, Treasury bonds, Treasury notes, or savings bonds, all backed by the U.S. government.
You can use Treasury Direct to purchase government bonds when they're first issued and not yet traded on secondary markets.
Investors can also buy these investments from traditional channels like banks or brokerages, but Treasury Direct is a convenient option for buying directly from the source.
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How to Use Treasury Direct
To use Treasury Direct, you can purchase Treasury securities at auction, either by bidding on the securities' rate and yield or by accepting the rate determined by the auction process. You can also buy zero-percent certificates of indebtedness through Treasury Direct, which can be purchased using a variety of methods.
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To open a new Treasury Direct account, you'll need to submit a U.S. Social Security number or other form of identification, reside in the U.S. and provide a valid U.S. address, and provide account details for a valid checking or savings account.
You can purchase zero-percent certificates of indebtedness through Treasury Direct using one of four methods: payroll deduction, deposit by your financial institution, the Buy Direct function, or using the proceeds from the redemption of a savings bond or interest payment from a security.
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How Treasury Direct Works
Treasury Direct works by selling Treasury securities at auction, where the rate and yield are established through the bidding process. Interested parties can place two types of bids: competitive bids, where you specify a rate you're willing to accept, and non-competitive bids, where you accept the rate determined by the auction.
Competitive bidders specify a rate, while non-competitive bidders accept the rate determined by the auction. Non-competitive bidders get their orders filled first, with the remainder of the securities allocated to competitive bidders from lowest to highest bid.

To open a new Treasury Direct account, you'll need to fulfill four requirements. Investors must submit a U.S. Social Security number or Taxpayer Identification Number, reside in the U.S. with a valid address, provide account details for a valid checking or savings account, and a valid email address.
These requirements apply to individual investors, but other entities like limited liability corporations, estates, trusts, or institutional investors can also maintain Treasury Direct accounts.
Payroll Zero-Percent Certificate
You can purchase a payroll zero-percent certificate of indebtedness through your TreasuryDirect account using your payroll savings plan. This type of certificate can only be purchased by an individual TreasuryDirect account owner, and only through their primary account.
The only method of purchase for a payroll zero-percent certificate of indebtedness is a credit of funds from your employer or financial institution using the ACH method. You cannot purchase a payroll zero-percent certificate of indebtedness by using a debit from your financial institution.

You can redeem all or a portion of your accumulated payroll zero-percent certificate of indebtedness to any financial institution that is of record in your TreasuryDirect account.
Here are the methods of purchasing a zero-percent certificate of indebtedness:
- Payroll deduction, in which your employer sends funds through the ACH method to your TreasuryDirect account
- Deposit by your financial institution, in which your financial institution sends funds by the ACH method to your TreasuryDirect account
- Through the Buy Direct function of your TreasuryDirect account, in which you direct us to debit funds from your financial institution account to purchase a zero-percent certificate of indebtedness
- By using the proceeds from the redemption of a savings bond, the proceeds of a maturing security, or an interest payment from a security to purchase a zero-percent certificate of indebtedness
Managing Your Account
You can redeem all or part of your Zero-Percent C of I at any time. This is a great option if you need access to your funds quickly.
To redeem your C of I, you'll need to select a payment destination from a list of financial institutions. Your payment will be credited within one business day.
You'll want to note that if you purchase a C of I by debiting your financial institution, the total balance will be ineligible for redemption for five business days. This is a necessary precaution in case your purchase request is returned to the issuer.
If you're ready to proceed with redemption, click "Submit" to go to the C of I Redemption Review page.
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Redemption Process

To redeem your Zero-Percent C of I, you can select all or part of it to be redeemed. The payment destination must be chosen from a list of financial institutions.
The payment destination you select will be credited within one business day. This is a standard timeframe for the redemption process.
You may review the instructions selected for the redemption of your Zero-Percent C of I on the ManageDirect > C of I Redemption Review page. Your payment destination details are displayed.
To complete your transaction, click "Submit" on the ManageDirect > C of I Redemption Review page. You will then be directed to the ManageDirect > Payroll Zero-Percent C of I Redemption Confirmation page.
If you need to make changes to your redemption request, you can click "Edit" on the ManageDirect > C of I Redemption Request page or the ManageDirect > C of I Redemption Review page.
Regulations and Certificates
TreasuryDirect offers a range of regulations and certificates to help you manage your investments. These regulations and certificates are designed to ensure the security and integrity of your transactions.

The Electronic Fund Transfer Act (EFTA) is a regulation that governs electronic fund transfers, including those made through TreasuryDirect. This regulation requires that all electronic fund transfers be made securely and in accordance with strict guidelines.
TreasuryDirect is a trusted and secure platform, with a high level of security and authentication to protect your transactions. This includes the use of a unique TreasuryDirect account number and a personal identification number (PIN) to access your account.
Regulations Governing Securities
Securities regulations are designed to protect investors by ensuring that companies issuing securities are transparent and honest in their dealings.
The Securities and Exchange Commission (SEC) is responsible for enforcing securities laws in the United States.
Companies must register their securities with the SEC before they can be traded publicly.
This registration process requires companies to disclose detailed information about their financial condition and business operations.
Publicly traded companies must also comply with ongoing reporting requirements, such as filing quarterly and annual financial statements.
These regulations help maintain investor confidence and prevent market manipulation.
The SEC also has rules in place to prevent insider trading and other forms of market abuse.
Companies must also adhere to anti-money laundering (AML) and know-your-customer (KYC) regulations when issuing securities.
Zero-Percent Certificate

You can purchase a zero-percent certificate of indebtedness through one of four methods: payroll deduction, deposit by your financial institution, the Buy Direct function of your TreasuryDirect account, or using the proceeds from the redemption of a savings bond or an interest payment from a security.
Each of these methods has its own unique characteristics, such as the Buy Direct function limiting purchases to no more than $1000 per transaction.
You can also purchase a payroll zero-percent certificate of indebtedness through your TreasuryDirect account using your payroll savings plan, but only through a credit of funds from your employer or financial institution using the ACH method.
A key thing to note is that you cannot purchase a zero-percent certificate of indebtedness by using a debit from your financial institution.
Here are the four methods for purchasing a zero-percent certificate of indebtedness:
You can redeem all or a portion of your accumulated payroll zero-percent certificate of indebtedness to any financial institution that is of record in your TreasuryDirect account.
Frequently Asked Questions
Is TreasuryDirect a legitimate company?
Yes, TreasuryDirect is a legitimate and secure platform, backed by the full faith and credit of the U.S. government, making it a trusted place to buy and redeem U.S. savings bonds and other securities.
What is the current rate for TreasuryDirect I bonds?
The current rate for TreasuryDirect I bonds is 3.11%, effective for bonds issued from November 2024 through April 2025. Check the TreasuryDirect website for the most up-to-date information on I bond rates.
What is the 45 day rule for TreasuryDirect?
To transfer Treasury marketable securities in TreasuryDirect, you must hold them for at least 45 days after original issue. Some securities, like 4-Week Bills, may not be transferable at all due to their short term.
Sources
- https://www.treasurydirect.gov/indiv/help/treasurydirect-help/user-guide/131-140/
- https://treasurydirect.gov/indiv/help/treasurydirect-help/user-guide/141-150/
- https://www.treasurydirect.gov/indiv/help/treasurydirect-help/user-guide/171-180/
- https://corporatefinanceinstitute.com/resources/fixed-income/treasury-direct/
- https://www.federalregister.gov/documents/2010/11/19/2010-28853/securities-held-in-treasury-direct
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