Zero Percent Certificate of Indebtedness as an investment
Wednesday, October 27th, 2004
Categorized as: Treasury Direct
In what investment situations would you use the Zero Percent Certificate of Indebtedness (C of I) account in Treasury Direct?
The Zero Percent C of I isn’t meant as an investment, but just as a temporary holding area for money you have deposited into your TreasuryDirect account.
You can move money into a C of I by selecting that option when redeeming a TreasuryDirect security, by scheduled deposits from a payroll savings plan or other type of scheduled investment, or by making a transfer from your bank account.
You can move money out of a C of I by buying a Savings Bond or making a transfer to your bank account.