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Fixed income pricing
- Access the lowest prices available to Schwab from over 200 dealers.1
- Place online trades for new issue CDs and Treasuries at auction for no additional cost.
- Choose from hundreds of no-load, no-transaction-fee bond mutual funds.
What does Schwab charge for fixed income investments?
- Products
- Pricing
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ProductsIndividual bonds - new issues>Pricing$0*>
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ProductsIndividual bonds - secondary trades>Corporate bondsMunicipal bondsGovernment agenciesZero-coupon Treasuries (including STRIPS)Pricing$1 per bond online>$10 minimum, $250 maximum online**Broker-assisted trades:
Online fee plus $25-
ProductsTreasuries - new issues and secondary trades>Treasury bills, notes, bondsTreasury inflation-Protected Securities (TIPS)Treasuries Floating Rate notesPricing$0>Broker-assisted trades:
$25-
ProductsCDs - new issues>$1,000 minimum required and $1,000 increments per investmentPricing$0*>
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ProductsCDs - secondary trades>Pricing$1 per CD online>$10 minimum, $250 maximum online**Broker-assisted trades:Online fee plus $25
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ProductsBond funds – in Mutual Fund OneSource® service>Pricing$0 transaction fee, no loads>Broker-assisted trades:Online fee plus $25
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ProductsBond funds – Transaction Fee Mutual Funds>Pricing$74.95***>Broker-assisted trades:Online fee plus $25
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ProductsBond ETFs>All listed ETFs, including Schwab ETFs™1Pricing$0 commission for online trades>Broker-assisted trades:Additional $25
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ProductsPreferred securities>Pricing$0 online1 (Minimums may apply for secondary trades)>$5 automated phone tradesBroker-assisted trades: additional $25
Get assistance from our team of fixed income specialists if you have any questions. Call 877-903-8069.
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The fundamentals of bond pricing
The fundamentals of bond pricing
#1: Understand all costs and fees
Bonds are often quoted with several cost components bundled together, so it's important to understand any commissions or transaction fee built into the price (and indirectly the yield), as well as any additional fees.
#2: Compare costs to maximize your return potential
Because the yield you earn on a bond is impacted by what you pay for it, shopping around for the lowest price and transaction fees can help you potentially increase your return on a bond without adding risk.
#3: Compare price against yield
Consider a hypothetical bond with a 4% coupon rate and a 10-year maturity. The higher the price, the lower the yield.
The fundamentals of bond pricing- Dealer
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