Understand the minimums and fees
We offer two ways to buy bonds through our platform:
- New issues are purchased directly from the issuer.
- Secondary trades are purchased from other people who are selling their bonds.
Note: Vanguard Brokerage charges an additional $25 broker-assisted fee for secondary trades placed over the phone.
Minimum amount
- For most bonds, $1,000, with additional purchases in increments of $1,000.
- For municipals bonds, $5000 with additional purchases in increments of $5000.
- All fixed income trades are subject to dealer minimums.
New issues
$0
Secondary trades
$1 per $1,000 invested


