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Why Buy Bonds & CDs at Fidelity

Whether you’re an experienced investor with an existing bond portfolio or considering bonds for the first time, Fidelity puts you in control of your bond and CD investing.

Reasons to consider bonds & CDs at Fidelity

  • Extensive bond & CD inventory
  • Bond market news and issuer research
  • Transparent, simplified pricing
  • Professional-grade tools and trading data

Extensive bond & CD inventory

Choose from more than 40,000 new issue and secondary market bonds & CDs and approximately 60,000 total offerings with our Depth of Book. It's one of the largest inventories available from a single brokerage firm.

Search our inventory according to criteria you determine and compare results by price and risk along key yield curves. We also provide access to a regular supply of new issue bonds, including U.S. Treasury auctions, municipals, corporates, and CDs.

Research fixed income products.

Bond market news and issuer research

Stay current and make more informed investing decisions with our rich offering of news and articles on the bond market and issuers. We offer access to bond market insights from a variety of sources, including Fidelity Viewpoints® and BlackRock. We also help you understand certain sectors and issuers in the corporate and municipal markets with research from Standard & Poor’s.

Search for bond market news and reports.

Transparent, simplified pricing

Fidelity has made investing in secondary market bonds and CDs both transparent and cost-effective for the individual investor. Trade for $1 per bond and buy U.S. Treasury bonds for free when traded online.

Fixed Income Securities Concession Schedule

Secondary market
  Concessions per bond1
  If traded online If traded with a representative
U.S. Treasuries $0 $19.95/trade
Other bond types offered online:
Government agencies, municipals, corporates,2 and secondary market CDs $1.00 $1.00
New issues
  Concessions per bond1
  If traded online If traded with a representative
U.S. Treasury Auctions $0 $19.95/trade
Other bond types offered online:
New issue government agencies, municipals, corporates,2 and CDs Selling concession is included in the new issue price.

Maximum charge

  • $250 for trading bonds (all types)
  • Reduced to $50 for bonds with a maturity date of one year or less

Minimum charge

  • $19.95 if traded with a representative
  • $8 for all other securities if traded online
  • $0/no minimum charge for U.S. Treasuries if traded online

For detailed information, download the complete Fidelity Brokerage Commission & Fee Schedule (PDF).

Professional-grade tools and trading data

We offer a set of powerful analysis tools and historical trade data to help you invest with clarity and objectivity. Create a bond ladder to model a cash flow that you can tailor to your specific needs, or view your bond holdings in our powerful Fixed Income Analysis Tool to make sure you’re on top of risk as well as reward.

We provide historical trading information for municipal, corporate, and agency bonds to help you compare recent traded prices with a bond’s current offering price. This information is provided by the Municipal Securities Rulemaking Board (MSRB) Real-time Transaction Reporting System (RTRS) and the Financial Industry Regulatory Authority (FINRA) Trade Reporting and Compliance Engine (TRACE).

Learn more about our fixed income tools & services.

Next step

Find bonds & CDs. Choose from more than 40,000 new issue and secondary market bonds & CDs and approximately 60,000 total offerings with our Depth of Book.
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bond ladder

a bond ladder can help you build a portfolio of bonds that mature at staggered intervals; these intervals are the "rungs" of the ladder, which are designed to help create a consistent stream of income over time

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agency/GSE

agency bonds are issued by U.S. government bodies, like Tennessee Valley Authority (TVA); Government Sponsored Enterprise (GSE) bonds are offered through an act of Congress created to assist groups of borrowers; the principal and interest of GSE bonds are not guaranteed by the U.S. government

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Financial Industry Regulatory Authority (FINRA)

the largest independent regulator for all securities firms doing business in the United States; FINRA's mission is to protect America's investors by making sure the securities industry operates fairly and honestly

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issuer

a government, corporation, municipality, or agency that has issued a security (e.g., a bond) in order to raise capital or to repay other debt; the issuer goes to an underwriter to get their securities sold in the new issue market; for certificates of deposit (CDs), this is the bank that has issued the CD; in the case of fixed income securities, the issuer of the security is the primary determinant of the security's characteristics (e.g., coupon interest rate, maturity, call features, etc.)

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Treasury inflation-protected securities (TRACE)

the Trade Reporting and Compliance Engine (TRACE) is the FINRA developed vehicle that facilitates the mandatory reporting of over the counter secondary market transactions in eligible fixed income securities

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depth of book

refers to the display of numerous bids and offers in a given security in addition to the best bid and offer price

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Treasuries

debt obligations of the U.S. government that are issued at various intervals and with various maturities; revenue from these bonds is used to raise capital and/or refund outstanding debt; since Treasury securities are backed by the full faith and credit of the U.S. government, they are generally considered to be free from credit risk and thus typically carry lower yields than other securities; the interest paid by Treasuries is exempt from state and local tax, but is subject to federal taxes and may be subject to the federal Alternative Minimum Tax (AMT); U.S. Treasury securities include Treasury bills, Treasury notes, Treasury bonds, zero-coupon bonds, Treasury Inflation Protected Securities (TIPS), and Treasury Auctions

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yield

the percentage of return an investor receives based on the amount invested or on the current market value of holdings; it is expressed as an annual percentage rate; yield stated is the yield to worst — the yield if the worst possible bond repayment takes place, reflecting the lower of the yield to maturity or the yield to call based on the previous close

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yield curves

the relationship between interest rates and time, determined by plotting the yields of all or as many bonds of similar credit quality (eg: Treasuries or AA-rated Corporates), against their maturities; typically slopes upward since longer maturities normally have higher yields, although it can be flat or even inverted

Questions?

Fidelity Learning Center

1. The offering broker, which may be our affiliate National Financial Services (NFS), may realize a trading profit or loss on the transaction.
2. Includes Corporate Zeros, FICOs, TIGRs, CATS.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk, liquidity risk, call risk and credit and default risks for both issuers and counterparties.
Please note that the addition of Fidelity Brokerage Services (FBS) concessions will impact the total cost of the transaction and the total or "effective" yield of the investment from the prices and yields quoted on the inventory offering screens.
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