| Product Type | Online Pricing |
|---|---|
| Treasuries at auction and secondary Treasuries, including Treasury bonds, Treasury bills, Treasury notes, and TIPS | $0 |
| Government agencies, including non-pass-through bonds from FNMA, FHLB, etc. |
$0.20 per bond ($10 minimum/$250 maximum)
|
| Other secondary fixed income trades, including CDs, corporate bonds, municipal bonds, zero-coupon Treasury bonds, and STRIPS |
$1 per bond ($10 minimum/$250 maximum)
|
| New issues, including certificates of deposit5 | Selling concession is included in the original offering price. |
| Commercial Paper, Foreign Bonds, Asset-Backed Securities, Mortgage-Backed Securities, Collateralized Mortgage Obligations, and Unit Investment Trusts | These are specialty products—please call us for information. |
| Preferred equity or debt or REITs | Stock commissions and minimums apply for secondary transactions. |
