Buying T bills on Fidelity or Treasury Direct?

Hi there, @MBA. Thanks for visiting us here. I’m happy to chat about this with you. First, let’s cover how you can purchase US Treasuries at Fidelity. This is an easy process, and our website is simple to navigate. Once you are logged in to Fidelity.com, just click the “News & Research” tab and select “Fixed Income, Bonds, and CDs.” This will bring you to our Fixed Income, Bonds, and CDs page, where you can research and purchase your desired security. There are a few benefits to purchasing US Treasuries at Fidelity that I can point to. For starters, you can use the same investment account for these securities as you do with all your other investments. Investors may find it easier to review and manage their portfolios with everything held in one place. You also can buy and sell securities on the secondary market, rather than being required to hold the Treasury until maturity. With our large inventory available, you will have an extensive selection to purchase from. Lastly, I want to confirm that Fidelity does not charge any commission or fee to purchase US Treasuries online. To learn more about purchasing fixed-income products at Fidelity, please visit these helpful pages below: US Treasury Bonds at Fidelity: https://www.fidelity.com/fixed-income-bonds/individual-bonds/us-treasury-bonds Why buy bonds & CDs at Fidelity: https://www.fidelity.com/fixed-income-bonds/why-buy-bonds-CDs-at-fidelity (1/2)

Now, let’s touch on the Auto Roll feature. This feature allows you to purchase eligible U.S. Treasury securities and CDs and arrange for the proceeds of the principal to be used to automatically purchase a new position that meets your criteria once your first position has reached maturity. To learn more about the ins and outs of this service, check out the link below. Fidelity Auto Roll Service: https://www.fidelity.com/fixed-income-bonds/fixed-income-tools-services/auto-roll-program If there’s anything else we can help with, don’t hesitate to let us know. That’s what we’re here for! (2/2) 🟢

Thanks for your question, @jce. No fees or commissions are charged when trading US Treasuries online at Fidelity, including auction and secondary issues. However, if a representative places the trade on your behalf, then there is a $19.95 commission charged to your account. When trading secondary issues for other bonds and Certificates of Deposits (CDs), there is a $1 markup per bond purchased online. There are a couple of benefits to purchasing US Treasuries at Fidelity I’d like to highlight. For instance, you can use the same investment account for these securities as you do with all your other investments. Investors may find it easier to review and manage their portfolios with everything held in one place. You also can buy and sell securities on the secondary market rather than being required to hold the Treasury until maturity. With our large inventory available, you will have an extensive selection to purchase from. To learn more about fixed-income products at Fidelity, visit these helpful pages below: US Treasury Bonds: https://www.fidelity.com/fixed-income-bonds/individual-bonds/us-treasury-bonds Why buy bonds & CDs at Fidelity: https://www.fidelity.com/fixed-income-bonds/why-buy-bonds-CDs-at-fidelity Please let us know if more questions come up. We’re happy to help! 🟢

Great question, @jce. I can jump in here to provide additional clarification. When trading U.S. Treasuries at Fidelity, including auction and secondary issues, there are no fees or commissions charged online. If a representative helps you with the trade then there is a $19.95 commission charged to your account. As mentioned, a $1 mark up per bond applies to Secondary Issue Bonds and CDs purchased online. We are not able to confirm any fees that another firm may charge, so with that being said, you would need to contact Treasury Direct to discuss their costs specifically. If you would like to learn more about the fees and commissions we charge at Fidelity, check out our fee schedule below: Brokerage commission and fee schedule: https://www.fidelity.com/trading/commissions-margin-rates Feel free to let us know if you have other questions. 🟢

That’s what we’re here for! Have a great week. 😊 🟢

Hi, @Carl Rosenthal. Not a problem; we appreciate you bringing life to an old post! If you’re referring to investment choices, the Fidelity Youth Account currently allows for buying and selling only certain publicly traded securities in the United States. Treasuries are not an eligible security for this type of account. You can review more information regarding the Youth Account on the FAQs page on Fidelity.com. Specifically, the section “Securities, trades, limits” will have additional information on this topic. Fidelity Youth Account FAQs: https://www.fidelity.com/go/youth-account/faqs If you have additional questions, feel free to let us know. We’ll be glad to help! 🟢