Fixed Income
Meet your clients' fixed income investing needs—from capital preservation to income goals—in one place on Schwab's comprehensive trading platform.
Get unparalleled support from specialists.
Our team of fixed income specialists can help you find the best match between products and your clients' unique investment strategies. Each team member has the deep knowledge necessary to offer specialized help, trade execution, and operational support.
Experience broad market access to fixed income options.
Robust, easy-to-use search features and connections to major bond platforms support convenient online trading across a wide range of fixed income products. Find solutions to your clients' needs with:
- Access listings from over 200 dealers, offering over 175,000 distinct daily CUSIPs, including over 115,000 municipal bonds.1
- New-issue municipal and corporate bonds through JPMorgan Chase & Co. and others
- Secondary market securities, including municipal and corporate bonds, treasuries, agencies, and CDs
- Fixed income mutual funds, exchange-traded funds (ETFs), and separately managed account
Rely on expert analysis to research and evaluate fixed income investments.
Access professional analysis and online resources that can help you evaluate fixed income choices and manage risk, including:
- DPC DATA's MuniPOINTS and MuniDOCS Online
- Moody's credit reports
- Market commentary from third-party sources and the Schwab Center for Financial Research™
Count on straightforward, cost-effective pricing.
Expect straightforward pricing—and low transaction costs—from Schwab:
- Price comparisons to secure the lowest price available on our trading platform
- Purchase treasury bills, notes, bonds, TIPS, and new-issue CDs online at no cost2
- Transaction costs for online trades shown clearly before you place the trade
Have questions?
Contact us to find a local representative.
1. Average daily quotes in Schwab BondSource® for 2023.
2. For new-issue securities, a selling concession is included in the offering price.
Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors.
Schwab reserves the right to act as principal on any fixed income transaction. When Schwab acts as principal in a secondary market transaction, the bond price includes our transaction fee (as outlined in the Charles Schwab Pricing Guide), 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 available through Schwab CD OneSource typically offer a fixed rate of return, although some offer variable rates. For variable rate CDs, the rate may change after the CD is purchased. The annual percentage yields are accurate as of [today's date]. The minimum quantity is generally $1,000 face amount but may vary by offering. Terms range from one month to 20 years. Costs could reduce the earnings on the accounts. Interest cannot remain on deposit and that payout of interest is mandatory.
* For new-issue securities, a selling concession is included in the offering price.