A person can place an I-Bond into a “gift box” on TreasuryDirect. The recipient doesn’t have to open it right away but can wait until next year.
DH and I have already maxed out our I-Bond purchases for 2022. But we can gift I-Bonds to each other since we have different Social Security numbers. We expect the rate to decline since the Fed is working so hard to quell inflation. By buying our “gift” I-Bonds in October 2022 we will lock in the higher rate which we expect to go down on November 1 with the rate reset. Then we can open our “gifts” in 2023. That will count against the maximum in 2023 (we won’t be able to buy more in 2023).
We saw this trick on YouTube.
Wendy