What You Can Do Next
At Schwab, we believe that transaction fees and a readily available pricing schedule are a more transparent approach to pricing than simply saying “on a net yield basis,” which can be a way of embedding costs directly in the price you pay.
- For the majority of online transactions done through Schwab’s BondSource® platform, the only fee is $1 per bond—which is disclosed as either a transaction fee or a markup/markdown.
- For example, excluding any accrued interest, an investor purchasing 10 municipal bonds at a cost of $1,000 per bond would typically pay $10,010 if the bonds were purchased online through Schwab. (If a Schwab broker facilitated the trade, the investor would typically pay $10,035.)