Comment by Our_Benefactors

Comment by Our_Benefactors 3 days ago

4 replies

This. The website for buying treasury products is straight out of the year 2002. The login is so bad I would never consider buying them there - the service fee charged by brokerages is absolutely worth it in this case.

ryandrake 3 days ago

Which brokerages charge fees for purchasing US Treasuries? Schwab definitely doesn't.

Really the only reason you need TreasuryDirect is for buying Series I bonds (and maybe a few other niche Treasury products), which are not available through brokerages.

  • aianus 3 days ago

    Schwab folds their fees into their bid/ask spread, they're not doing it for free.

PaulHoule 3 days ago

Back when interest rates peaked around that period I bought a huge number of I bonds which were a great investment —- got fired by my broker because I interrupted a sales presentation with “why don’t I just buy I bonds?”

Back then I thought Treasury Direct was great.

teiferer 3 days ago

Makes it obvious which lobby has a hand in this, doesn't it?