How to enter $10,000 Series I Savings Bond.

jayd

I created an offline brokerage account and a security called I Bonds 2021. I bought $10,000 this past week. I was able to enter the transfer from my checking account to the brokerate account in Quicken. Now I want to enter the buy transaction. It asks for number of bonds (which I believe it should be 1) and Price (which I believe should be $10,000). However there is a little note "(base 100)" on the side. So when I enter 1 bond with $10,000 price, the total is $100,000. How should I enter the numbers to show a total of $10,000? Thanks.

q_lurker

You should be buying 10 bonds for a total of $10,000. Quicken will then show that you own 100 ‘shares’ priced at $100/share. Your ongoing pricing will vary around that $100 base. 

q_lurker

You should be buying 10 bonds for a total of $10,000. Quicken will then show that you own 100 ‘shares’ priced at $100/share. Your ongoing pricing will vary around that $100 base. 

NotACPA

Concurring with @q_lurker.  Bonds are priced per $100 face value, so a $1000 bond priced at $98.00 will have a value of $980.

Just because you made a single purchase of $10,000 doesn't change this.  According to bond pricing, you made 100 purchases of $100 each.