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Comment by c0nsumer | Hacker News Reader

Why would I want to use your company for buying an I-Bond myself? Treasury Direct kinda sucks, but it's really not that bad. And once you're through the initial setup repeat purchases (like each subsequent year) is a lot easier.

Why would I want to insert a middleman into a long term investment? If you all go sideways -- which is incredibly likely within the next 10 years -- then it'll be far more hassle than the up-front TD signup irritation.

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1) Easier UI and management of your I Bonds. Treasury Direct has lots of issues and you'll likely end up having to call in and wait on hold for 2 hours with customer support at some point. Maybe not if you're on top of things, but most people aren't.

2) Having your money all in one place. It's annoying to have money different places, so if you already have a Yotta account with us, it's one tap to do this. If you are starting from scratch, it's not as much of a no-brainer, but I still think it's much better than TD.

If we go sideways, we would just give everyone their TD account information directly, and you would take over your account.

Are there legal protections to ensure that you'll give us the TD account directly, like is it like a bank or is it that we just have to trust you?

Yes it would not be legal if we didn't give you access. So there are protections there.

What are those protections, exactly? Be specific - point to documentation.

"Trust us!"

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