What You Have to Know
- Individuals vented frustrations on-line about their efforts to log onto or navigate TreasuryDirect.gov.
- Some advised the federal government ought to prolonged the deadline for getting I bonds at 9.62% rate of interest.
Some traders aiming to safe a horny 9.62% rate of interest on Collection I Financial savings Bonds earlier than a Friday buy deadline are reporting having hassle doing enterprise on TreasuryDirect.gov, the web site the place the federal government sells the securities.
Is It Down Proper Now?, a web site that displays web site standing, reported Wednesday afternoon that TreasuryDirect.gov was down for at the very least a couple of minutes earlier than going up, after which down, once more.
“It’s not simply you. The server will not be responding,” the monitoring web site mentioned.
Individuals posted greater than 100 feedback on Is It Down Proper Now? about their experiences attempting to navigate TreasuryDirect; some return just a few weeks or longer however most had been posted within the final two weeks, with greater than 40 on Wednesday.
“It’s been up and down and laggy for days now. Doesn’t appear to be sized/resourced for the kind of visitors it’s getting close to the deadline. You’d assume they’d have deliberate….nah….it’s the federal government,” one poster (Chris Yarborough) commented.
“Down all morning. Can not get wherever previous login,” one other individual (Bruce Lanter) reported.
“Not working Minneapolis 11:00 am Wednesday. They should lengthen the Friday shopping for deadline,” wrote one other (Laurie Rasmusson), a view that others additionally expressed. And one other buyer (Doug Glasgow) mentioned the location “stops responding all through transaction.”
One mother or father (Susan Hogan) posting final week on Is It Down Proper Now? was attempting to purchase a present I bond for her son. “I’ve registered him however when I attempt to buy I get an error message saying I’ve already met the $10,000 max. He has none, solely me. I assumed it was $10K per individual, even the recipient of a present. … Not cool if it isn’t fastened earlier than the ten/28 deadline.”
Individuals took to Twitter as nicely to share their frustrations with the TreasuryDirect web site.
These hoping to get in on the 9.62% fee, which is able to apply for six months from the acquisition date, should purchase their I bonds and obtain a affirmation electronic mail by 11:59:59 p.m. Japanese time, Oct. 28, in line with TreasuryDirect.
Bonds bought on Oct. 29 or later will obtain the brand new rate of interest overlaying Nov. 1, 2022, by means of April 30, 2023, which the Treasury Division plans to announce on Nov. 1. Charges reset each six months.
“I’ve tried for weeks to arrange my account. Web site is all the time down!!!! Assist! I would like the upper Ibond fee this week!! Assist!!” @lizcomer tweeted at present.
“I truly made it by means of after 2.5hrs however after all the web site crashes whereas I get helped. I’m now ready for a name again,” @kpmarz tweeted this afternoon, apparently referring to TreasuryDirect’s lengthy phone maintain occasions.
One other tweeter, @sujankapadia, wrote: “Attempting once more at present – waited one other 2.5 hours, nonetheless on maintain. That is completely ridiculous. Why can’t you unlock your account on-line?”
“These ibond charges are juicy, however treasurydirect.gov is soooo painful to make use of,” twetted @IFudym.