The 6 Best Brokers for Investing in Treasury Bills, Bonds and Notes
There’s very little upside to concerns about rising inflation — but if you’re in the market for Treasurys, yields are riding highs right now as bond prices drop.The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.
You can buy bills, bonds and notes directly from the government via TreasuryDirect.gov, but be warned: the system is clunky, slow and hard to figure out. As one Redditor put it, you may be fine with TreasuryDirect if you “remember the Internet back in the 90's."
For those of us who aren’t too keen on time travel, there are some benefits to going through a broker instead. For one, brokers offer a smoother buying experience than the Treasury Direct website. And two, you can manage your Treasurys in one integrated platform where your other investments live. Some may even let you auto-roll your Treasurys.
Below, we’ve listed the best brokers for investing in Treasury bills, bonds and notes, as well as other details you may want to know about their Treasury programs.
Company | NerdWallet rating | Account minimum | Promotion | Learn more |
|---|---|---|---|---|
Best App for Investing | 5.0/5 | $0 | None no promotion available at this time | Learn moreon Fidelity's website |
Learn moreon Fidelity's website | ||||
Learn moreon Fidelity's website | ||||
Best Online Broker for IRA Investors | 4.9/5 | $0 | Up to $500 when you make a qualifying net deposit. | Learn moreon Charles Schwab's website |
Learn moreon Charles Schwab's website | ||||
Learn moreon Charles Schwab's website | ||||
4.6/5 | $0 | Get up to $1,500 when you open and fund an E*TRADE brokerage account. Terms apply. | Learn moreon E*TRADE's website | |
Learn moreon E*TRADE's website | ||||
Learn moreon E*TRADE's website | ||||
4.4/5 | $0 | None no promotion available at this time | Learn moreon Public's website | |
Learn moreon Public's website | ||||
Learn moreon Public's website | ||||
5.0/5 | $0 | Get 12 free shares when you open and fund an account with Webull | Learn moreon Webull's website | |
Learn moreon Webull's website | ||||
Learn moreon Webull's website | ||||
Curious how today's Treasury yields stack up against the national average savings rate?
Maturity | Yield |
|---|---|
Savings (National Avg) | 0.38% |
2-Year | 4.37% |
10-Year | 4.71% |
30-Year | 5.17% |
Source: U.S. Treasury, Treasury yields accurate as of 7/23/26; FDIC, national savings rate as of 7/1/26. | |
A closer look at the top 6 brokers for Treasurys
Fidelity
Fidelity has received our highest marks as the best overall broker for years, and its Treasury program, which offers purchases at auction and on the secondary market, is also one of only three on this list that allows customers to auto-roll the proceeds of matured Treasurys (new-issue bills and notes) into new positions. The broker also boasts a big collection of bond tools to support customers.
The minimum purchase is $1,000 — which is fairly standard across the industry — but people who want to invest smaller amounts in products such as Treasury bills may want to consider buying direct from the Treasury Department or exploring other platforms, such as Webull, which offers fractional purchases.
Outside of its Treasury offering, Fidelity also has attractive cash management options: Its core position choices — including SPAXX, FDIC, FCASH, FDRXX and FZFXX, where you can have uninvested cash settle — offer competitive yields.
Treasurys offered: New issues (auction) and secondary market.
Fees: Free online; $19.95 by phone.
Minimum increment: $1,000.
Auto-roll: Yes (auction purchases only).
Fidelity is one of the largest and most well-established brokerages, and it shows. Fidelity charges no trading commissions, offers an extensive set of no-fee, no-minimum index funds. It also stands out for its top-notch research tools, a renowned trading platform and very strong customer service.
Charles Schwab
As you’d expect from a legacy broker, Schwab also offers a compelling platform for Treasury investors. Bills, bonds and notes are available for purchase as new issues and on the secondary market — they’re also commission-free if you buy online.
Schwab clients can ask the broker to roll the proceeds from a bill that has reached maturity into a new one, but unlike Fidelity, it doesn’t support auto-roll for Treasury notes or 52-week Treasury bills. The minimum purchase increment is $1,000, which, again, is typical, but does mean the cash required to get started could be too high for some.
There’s very little that Schwab does poorly as a broker, but it significantly trails its peers in one area: Its interest rate on uninvested cash is among the lowest of any we review. Otherwise, Schwab is known for its quality customer service and has been rated as our best broker for IRA investors.
Treasurys offered: New issues (auction) and secondary market.
Fees: Free online; $25 by phone.
Minimum increment: $1,000.
Auto-roll: Yes (auction purchases only).
Charles Schwab is one of the best overall IRA providers, with high-quality customer service, no account minimum and low fees. The company offers a large selection of no-transaction-fee funds, gives users access to extensive research and charges no commission for stock, options and ETF trades.
E*TRADE
E*TRADE offers robust tools for Treasury bond investors — the platform has a bond ladder builder, price/yield calculators and advanced bond screeners, just to name a few. Customers can buy new issues and on the secondary market both online and through E*TRADE fixed income specialists (though the latter option will cost you a $25 fee).
Similar to Schwab, E*TRADE’s rate on uninvested cash isn’t as competitive as some other brokers, but its platform is powerful and packed with educational resources and support. The broker hosts webinars and has online courses, and there are a ton of investment options to choose from beyond Treasurys, including options, futures and crypto.
Treasurys offered: New issues (auction) and secondary market.
Fees: Free online; $25 by phone.
Minimum increment: $1,000.
Auto-roll: Not available.
E*TRADE from Morgan Stanley has long been one of the most popular online brokers. The company's $0 commissions and strong trading platforms appeal to active traders, while intermediate investors benefit from a large library of educational resources.
Public
You may notice that Public is the only broker on our list that charges a management fee, but that’s not necessarily a reason to write them off. While other brokers offer access to Treasurys through general brokerage or retirement accounts, Public has a dedicated Treasury Account.
Through this Treasury Account, you can build your own customized Treasury ladder or choose from pre-built options targeting various time horizons. Public offers Treasurys with a range of maturity dates, from three months to 30 years. Once your Treasurys mature, you have the option to reinvest or withdraw your money.
Editor's Take
"This keeps happening to me. I test a product for work, find out I love it, and then start using it in my personal investing. That's what happened with Public's Treasury Account. I started testing the custom Treasurys portfolio builder, then realized it's exactly what I'd been looking for. I built a portfolio of mixed maturities and yields to meet my risk tolerance/outlook, and can build on it further, set up recurring deposits, or withdraw all at any time. I'm fine paying the small fee for this convenience and UX. In fact, I'd pay just to not use TreasuryDirect again."
Treasurys offered: New issues (auction) and secondary market.
Fees: 0.10% to 0.25% of face value. Public’s Treasury Account has a management fee that ranges from 0.09% to 0.29% per year, depending on account size.
Minimum increment: $1,000 initial deposit; subsequent Treasurys can be bought for a minimum of $100.Â
Auto-roll: Yes (auction purchases only).
Public provides free stock and ETF trades, pays you to trade options, and gives traders access to crypto and bonds, as well as a high-yield cash account. The platform will appeal to traders looking for a low-cost options broker and access to many types of assets.
Webull
What makes Webull stand out against the competition is its fractional share offering for Treasury bonds. While most brokers only allow you to buy in $1,000 increments, Webull makes buying Treasurys more accessible by cutting the minimum down to $100 for certain bonds.
And a tip from our editors: If you’re looking to buy Treasurys in a retirement account, Webull Premium — a subscription that runs $3.99 per month or $40 per year — may be worth looking into. It unlocks a 3.5% match on IRA contributions and a high interest rate on uninvested cash (3.35% at the time of writing).
However, if you’re looking to buy new issues or have your Treasurys automatically reinvested, you’ll only get those perks when shopping with Fidelity, Schwab or Public.
Treasurys offered: Secondary market only.
Fees: 0.10% of face value.
Minimum increment: $1,000 (though some bonds are eligible for fractional trading starting at $100).
Auto-roll: No.
Webull will appeal to the mobile-first generation of casual investors with its slick interface for desktop and mobile apps. The brokerage also delivers an impressive array of tools for active traders and a wide investment selection, including stocks (plus fractional shares), options, ETFs, crypto, commodities and futures. However, it lacks access to mutual funds.
Interactive Brokers
Existing Interactive Brokers users will have no trouble navigating the broker’s Treasury marketplace, where you can filter for bills, bonds and notes based on maturity date, issue date and more. And if you’re looking to place a late-night trade, Interactive Brokers offers a generous window. You can trade bonds up to 22 hours per day during the week.
As previously mentioned, however, only a select few brokers offer new-issue Treasurys and an auto-reinvest option — and Interactive Brokers isn’t among them. Most secondary Treasury purchases with Interactive Brokers incur a 0.002% fee, but the minimum fee you’ll pay is $5, which may make trades slightly pricier compared with other brokers.
Treasurys offered: Secondary market only.
Fees: 0.002% for Treasurys with a face value under $1 million.
Minimum increment: $1,000.
Auto-roll: No.
Interactive Brokers' IBKR Lite is a strong option for frequent traders: The broker offers international trade capabilities, no stock-trading commission and a quality trading platform.
NerdWallet writers are subject matter authorities who use primary, trustworthy sources to inform their work, including peer-reviewed studies, government websites, academic research and interviews with industry experts. All content is fact-checked for accuracy, timeliness and relevance. You can learn more about NerdWallet's high standards for journalism by reading our editorial guidelines.
- 1.Reddit. How big a hassle is TreasuryDirect website when considering whether or not to buy I Bonds?. Accessed Jul 22, 2026.
Methodology
Methodology
How do we review brokers?
All NerdWallet reviews and lists of the best investing products are created by our editorial team of full-time writers and editors, independent of any business relationships. In this case, our investing team's comprehensive review process evaluates and ranks the largest U.S. brokers by assets under management, along with emerging industry players. Our aim is to provide an independent, balanced assessment of brokerages to help arm you with information to make sound, informed judgments on which ones will best meet your needs. Our highest priority is maintaining editorial integrity.
We collect data directly from brokerages through detailed questionnaires and conduct first-hand testing and observation through demonstrations. The questionnaire answers, combined with demonstrations, interviews of personnel at the brokerages and our specialists’ hands-on research, fuel our proprietary assessment process that scores each broker's performance across more than 20 factors. The final output produces star ratings from poor (one star) to excellent (five stars).
For more details about the categories considered when rating brokers and our process, read our full methodology.