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Fixed income investing

Generate income while offsetting risk

In addition to helping offset risk, fixed-income securities may offer the opportunity to generate income from a variety of investment choices — including U.S. Treasuries, corporate bonds, municipal bonds, agency bonds and CDs.
May be a good move for:
  • Building a balanced portfolioFootnote 1
  • Generating retirement income
  • Helping reduce portfolio volatility
  • Pursuing long-term and short-term goals
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Fixed income made simple

Merrill offers direct access to a broad array of bonds and other fixed-income securities.

Search your way

Take advantage of powerful screening tools. Search for municipal, treasury and corporate bonds based on ratings, potential yields and maturity dates.

Simplify your search

Simplify your search for fixed-income investments with Merrill Edge Select® Funds — evaluated and categorized by Merrill investment professionals.

Make more-informed decisions

Access independent ratings and research reports from CFRA (powered by data from S&P Global) and Moody's. Get up-to-the-minute news from Dow Jones, FactSet financial data and analytics, PR Newswire and Business Wire.

Compare bonds at a glance

View rating, bond type, industry sector, issuer, issue date, settlement date, minimum order and yield.

Invest with confidence

Set up customizable alerts based on price, volume, ratings, and news. Uncover hidden concentrations in your portfolio with Portfolio X-Ray® by Morningstar.Footnote 2

Pricing and fees

Type(s) Online
Assisted Trades
New issuesFootnote 1, including Brokered CDs $0Footnote 2 $0Footnote 2
Treasuries, including AuctionFootnote 3 and Secondary $0 $29.95 per trade service charge
Other Secondary Trades: Corporate Bonds, Municipal BondsFootnote 4, and Government Agencies $1 per bond ($10 min, $250 max) $1 per bond ($10 min, $250 max) + $29.95 per trade service charge
  1. Agency, Corporate, and Municipal new issue trades are not available online at this time.
  2. The selling commission is included in the offering price.
  3. Treasury auction trades are not available online at this time.
  4. Municipal pricing could include additional mark-up or mark-down if Merrill or its affiliate is acting as the market maker on the trade.

Get started

It's as easy as 1-2-3

Open an account

Open your account online in minutes. Here's what you'll need:
  • Social Security number and date of birth
  • A valid mailing and email address
  • Employment information (including company name, address and start date)
  • General financial information (such as annual income and household net worth)
  • Names and dates of birth for any beneficiaries
Or call us 24/7 at 866.460.1282

Fund your account3

There are several ways to fund your new account:

Transfer Cash

Real-timeFootnote 4
Fund instantly from your eligible linked Bank of America® bank account or Merrill investment account.
Up to 3 business days
Fund within a few days from an eligible linked account at another financial institution.

Wire transfer

Same day
Wire funds electronically from another financial institution.

Write a check

3 to 5 days
Fund your account by mailing a personal, cashier's or bank check.

Transfer accounts or securities

8 or more days
Transfer an existing brokerage account, IRA account or securities from another financial institution. You can also transfer securities instantly between your Merrill accounts.

Roll over into an IRA

10 or more days
Consolidate your retirement assets by rolling over accounts held in former employers' 401(k), 403(b) or 457 plans into a Merrill IRA.
A Rollover IRA isn't right for everyone. Consider all of your choices and learn if a Rollover IRA may be right for you.Footnote 5 For additional information, call 866.460.1282 to speak with a rollover specialist, 24/7.

Start investing

Create an investment strategy:
Build a balanced portfolio aligned to your investment goals in 3 easy steps.
Start your search:
Find investments that may be right for you with our powerful screeners and independent research. Simplify your search using streamlined lists of stocks, ETFs and mutual funds evaluated by Merrill research and analytic teamsFootnote 6.
Manage your portfolio:
Access your new Merrill investment account anytime, anywhere — online, on your mobile device and at thousands of Bank of America® ATMs.
Looking for investment advice and guidance?
Meet with a Financial Solutions Advisor at more than 2,000 select Bank of America financial centers.
Or call us 24/7 at 866.460.1282
You have choices about what to do with your employer-sponsored retirement plan accounts. Depending on your financial circumstances, needs and goals, you may choose to roll over to an IRA or convert to a Roth IRA, roll over an employer-sponsored plan from your old job to your new employer, take a distribution, or leave the account where it is. Each choice may offer different investment options and services, fees and expenses, withdrawal options, required minimum distributions, tax treatment, and different types of protection from creditors and legal judgments. These are complex choices and should be considered with care. For more information on rolling over your IRA, 401(k), 403(b) or SEP IRA, visit our rollover page or call a Merrill rollover specialist at 888.637.3343.

Important risk disclosures

Investing in fixed-income securities may involve certain risks, including the credit quality of individual issuers, possible prepayments, market or economic developments and yields and share price fluctuations due to changes in interest rates. When interest rates go up, bond prices typically drop, and vice versa.
Asset allocation, diversification, and rebalancing do not ensure a profit or protect against loss in declining markets.
Footnote 2 The data and investment information in Portfolio X-Ray® is provided by Morningstar. Merrill Edge® Self-Directed offers access to Portfolio X-Ray as a courtesy to its clients. It is for information purposes only, and Merrill Edge® Self-Directed does not control or validate it. Morningstar's securities classifications may differ from those used by other sources, including Merrill Edge® Self-Directed. Please note: If you have questions, refer to your statement, which is the official record of your account.
Footnote 3 Fees and expenses are subject to change. Please note that other fees and expenses may apply, including early withdrawal penalties and trustee transfer fees. For Merrill Lynch, Pierce, Fenner & Smith Incorporated's standard brokerage fees, please see the Miscellaneous Fees schedule. For Bank of America N.A.'s fees, see your Personal Schedule of Fees.
Certain banking and brokerage accounts may be ineligible for real-time money movement, including but not limited to transfers to/from bank IRAs (CD, Money Market), 529s, Bank of America Advantage SafeBalance Banking™, Credit Cards and transfers from IRAs, Loans (HELOC, LOC, Mortgage) and accounts held in the military bank. Accounts eligible for real-time transfers will be displayed online in the to/from drop down menu on the transfer screen.
Footnote 6 Research provided by BofA Global Research.