What does Schwab charge for fixed income investments?

Individual bonds

Pricing

New issues

$0*

Treasuries (new issues and secondary trades)

Treasury bills, notes, bonds
Treasury inflation-Protected Securities (TIPS)

$0

Broker-assisted trades:
$25

Secondary trades
Corporate bonds
Municipal bonds
Government agencies
Zero-coupon Treasuries (including STRIPS)

$1 per bond online
$10 minimum, $250 maximum online
Broker-assisted trades:
Online fee plus $25

Commercial paper, foreign bonds, asset-backed securities, mortgage-backed securities, and unit investment trusts are specialty products. Please contact us at 877-786-4074.

* For new-issue securities, a selling concession is included in the offering price.

Individual bonds details

CERTIFICATES OF DEPOSIT (CDs)

Pricing

CDs

$1,000 minimum required and $1,000 increments per investment

$0*

Secondary trades

$1 per CD online
$10 minimum, $250 maximum online
Broker-assisted trades:
Online fee plus $25

* For new-issue securities, a selling concession is included in the offering price.

Schwab reserves the right to act as principal on any fixed income transaction, public offering or securities transaction. When Schwab acts as principal, the bond price includes our transaction fee (outlined above) and may also include a markup that reflects the bid-ask spread and is not subject to a minimum or maximum. When trading as principal, Schwab may also be holding the security in its own account prior to selling it to you and, therefore, may make (or lose) money depending on whether the price of the security has risen or fallen while Schwab has held it. When Schwab acts as agent, a commission will be charged on the transaction.

Certificates of deposit details

BOND FUNDS

Pricing

Funds in Mutual Fund OneSource® service

$0 transaction fee, no loads
Broker-assisted trades:
Online fee plus $25

Funds outside Mutual Fund OneSource® service

$76
Broker-assisted trades:
additional $25

Bond Funds details

BOND ETFs

Pricing

Schwab ETFs™ in your Schwab account or Schwab ETF OneSource™

$0 commission

Broker-assisted trades:
$25

Third-party ETFs

$4.95

$5 automated phone trades

Broker-assisted trades:
additional $25

Bond ETFs details

PREFERRED STOCKS/SECURITIES AND REITs

Pricing

Preferred stocks and REITs

$4.95 online


$5 automated phone trades

Broker-assisted trades:
additional $25

Preferred Stocks/Securities details

Specialized help to get the answers you need.

Talk with a Schwab Fixed Income Specialist for personalized assistance with your fixed income investing questions and pricing. Call 877-906-4670.

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Clients of independent investment advisors: You may also contact your advisor or call Schwab Alliance at 800-515-2157.