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

Open an account

Or call us at
866.460.1282

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

More investment choices

Pricing and fees

Type(s)	Online trades	Representative 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

Agency, Corporate, and Municipal new issue trades are not available online at this time.
The selling commission is included in the offering price.
Treasury auction trades are not available online at this time.
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

Open an account

Or call us 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.

Start investing

Create an investment strategy:

Build a balanced portfolio aligned to your investment goals in 3 easy steps.

Learn how

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.

Download the mobile app

Looking for investment advice and guidance?

Meet with a Financial Solutions Advisor at more than 2,000 select Bank of America financial centers.

Schedule an appointment

Or call us at 866.460.1282

Footnote

You have choices about what to do with your 401(k) or other type of plan-sponsored accounts. Depending on your financial circumstances, needs, goals and employer plan terms, you may choose to roll over to an IRA or convert to a Roth IRA, roll over a 401(k) from a prior employer to a 401(k) at your new employer, take a distribution, or leave the account where it is (if applicable). Each choice may offer different investments and services, fees and expenses, withdrawal options, required minimum distributions, tax treatment (particularly with reference to employer stock), and provide different protection from creditors and legal judgments. These are complex choices and should be considered with care. For more information visit our rollover page or call Merrill 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.

Footnote
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.

Footnote

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.

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Locations	Call us at 888.637.3343	Schedule an appointment
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Investment products offered through Merrill Lynch, Pierce, Fenner & Smith Incorporated, and insurance and annuity products offered through Merrill Lynch Life Agency Inc.:

Are Not FDIC Insured	Are Not Bank Guaranteed	May Lose Value
Are Not Deposits	Are Not Insured by Any Federal Government Agency	Are Not a Condition to Any Banking Service or Activity

Investing in securities involves risks, and there is always the potential of losing money when you invest in securities.

Asset allocation, diversification, and rebalancing do not ensure a profit or protect against loss in declining markets.

The performance data contained herein represents past performance which does not guarantee future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. For performance information current to the most recent month end, please contact us.

Net Asset Value (NAV) returns are based on the prior-day closing NAV value at 4 p.m. ET. NAV returns assume the reinvestment of all dividend and capital gain distributions at NAV when paid.

Market price returns are based on the prior-day closing market price, which is the average of the midpoint bid-ask prices at 4 p.m. ET. Market price returns do not represent the returns an investor would receive if shares were traded at other times.

Returns include fees and applicable loads. Since Inception returns are provided for funds with less than 10 years of history and are as of the fund's inception date. 10 year returns are provided for funds with greater than 10 years of history.

Before investing consider carefully the investment objectives, risks, and charges and expenses of the fund, including management fees, other expenses and special risks. This and other information may be found in each fund's prospectus or summary prospectus, if available. Always read the prospectus or summary prospectus carefully before you invest or send money. Prospectuses can be obtained by contacting us.

Mutual Funds and Exchange Traded Funds: Expense Ratio – Gross Expense Ratio is the total annual operating expense (before waivers or reimbursements) from the fund's most recent prospectus. You should also review the fund's detailed annual fund operating expenses which are provided in the fund's prospectus.

Closed End Funds: Expense Ratio – Gross Expense Ratio is the ratio of the fund's total annual operating expense (before waivers or reimbursements) to average net assets as of the date of the fund's most recent annual report. You should also review the fund's detailed annual operating expenses disclosed by the fund in its annual reports, semi-annual reports, and other public filings.

This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. Merrill offers a broad range of brokerage, investment advisory and other services. Additional information is available in our Client Relationship Summary (Form CRS) (PDF).

Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.

Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as "MLPF&S" or "Merrill") makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation ("BofA Corp."). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC popup and a wholly owned subsidiary of Bank of America Corporation ("BofA Corp.").

Banking products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation ("BofA Corp.").

Merrill Lynch Life Agency Inc. ("MLLA") is a licensed insurance agency and wholly owned subsidiary of BofA Corp.

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Fixed income investing

Generate income while offsetting risk

Fixed income made simple

Search your way

Simplify your search

Make more-informed decisions

Compare bonds at a glance

Invest with confidence

More investment choices

Pricing and fees

Get started

Open an account

Fund your account3

Transfer Cash

Wire transfer

Write a check

Transfer accounts or securities

Roll over into an IRA

Start investing

Important risk disclosures

Fund your account³