How Do You Buy Bonds At Scott Trade?
Scottrade offers customers a wide range of fixed income securities available through its online brokerage service. Bonds are useful not only for the income they provide but as a means of portfolio diversification. In addition, fixed income purchases other than the purchase of individual bonds can be made. Step 1 Open an account with Scottrade and fund with at least $10,000 for the purchase of individual bonds. It is important to remember that Scottrade will act either as a dealer or broker, for which they take a fee for matching buyer and seller. Scottrade sells corporate bonds, municipal bonds, bank certificates of deposit and treasury securities on-line. The account is not considered open until approval is granted from Scottrade and the funds have cleared the bank account. Step 2 Know the credit you are buying–and the credit risks you are undertaking. Scottrade has over 400 offices and each office has representatives that can aid you in your bond search. The universe of bonds is ver
