adammoelis
adammoelis on Hacker News
Yes it would not be legal if we didn't give you access. So there are protections there.
We can't support those unfortunately right now. Maybe in the future.
No these are different securities. I Bonds are very unique in how they are structured.
We don't make money really on I Bonds. User acquisition play.
Yeah we have very easy way to give you your TD account directly. If this were to happen, we would give access to everyone and ensure they received the information to take over their accounts.
Thanks for the feedback and thoughts. I guess those aspects of TD are nice, but if you ever make a mistake, they don't handle it gracefully.
Thank you - appreciate it!
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.
Thank you - Treasury Direct is the worst.
Thanks - reported this for us to look into. Will circle back
Didn't know pasting worked.
We do the latter. Performing actions as if we were you. I am not worried given that.
What do you mean exactly by ID? We do Series I Bonds.
I don't think TD does pin confirmations via sms
Does any other website in the world use a virtual keyboard like that? I don't really understand why they do it. To prevent keystroke tracking I guess? It's bizarre.
They only updated the front end main landing pages, not the core experience of opening accounts logging in, filling out forms, making mistakes. That is all the same as it's always been. Painful.
Glad you didn't have to deal with any of Treasury Direct's nonsense. If you make a mistake logging in, you have to wait on hold with customer support for around 2 hours.
We don't. There is a completely optional way to pay us what you want when you buy the I Bond, but this is a brand awareness play for us. Our hope is to drive new acquisition and to convert a portion of that acquisition to other products down the road.
Yes just reach out and on request, we can give you full access to your Treasury Direct account any time.
Correct - good point. Edited the post to add this piece of info which is important.
Unfortunately not. We can only support accounts that haven't previously created Treasury Direct accounts.
Posted by
adammoelis on Wednesday October 05, 2022 @01:58PM
from the show-hn dept.
Hey allMy name is Adam, and I’m a co-founder at Yotta (YC S20), an app that uses behavioral psychology to help people save money by making saving exciting.We built a feature on Yotta where you can earn 9.62% APY via US Treasury I Bonds. (https://www.withyotta.com/i-bonds)This is an absurd yield for a security that is backed by the full faith and credit of the United States Government - the...
Interchange, affiliates, and lending will be a strategy for us soon.
There's no risk of loss here. That's the major difference. Gambling is gambling because of the risk of loss.
Yotta founder here. The issue with investments is that you risk losing money. People still need an emergency fund and that money should be in an FDIC insured account for a rainy day.
The monthly savings bonus also counts towards the $600