Tap into Vanguard's fixed income expertise
With our top-notch service and low fees, it's easy to see how you benefit from managing your entire portfolio with Vanguard Brokerage.
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Holding all of your investments with Vanguard Brokerage frees you from managing accounts scattered among several companies.
- Call one company.
- Get one set of consolidated statements.
- Check your investments on one website or app.
Enjoy an array of investment choices
Our extensive fixed income selection contains a range of credit qualities and maturities across the U.S. markets, including:
- Municipal and corporate bonds (new-issue and secondary-market).
- FDIC-insured brokered certificates of deposit (CDs) by issuer and by maturity.
- U.S. Treasury bonds, bills, notes, and Treasury Inflation-Protected Securities (TIPS) (at auction and on the secondary market).
- Government agency bonds, including GNMA issues.
- Municipal bonds from issuers in states for which Vanguard doesn't offer mutual funds.
We don't offer securities denominated in foreign currencies, U.S. savings bonds, Israeli bonds, or church bonds.
Use research tools to find a CD or bond
Benefit from low costs
A debt obligation issued by a state, municipality, or local government authority. Interest paid on municipal bonds (also called "munis") is generally free from federal—and sometimes state and local—income taxes. As a result, yields on municipal bonds are usually lower than comparable taxable bonds.
A market for purchasing securities or assets from other investors rather than from the issuer.
CDs issued by banks and savings and loans to be bought in bulk by a brokerage firm and resold to its customers. Brokered CDs can be sold on the secondary market before they mature.
Bonds with unique investment characteristics that help investors manage inflation risk by providing inflation-adjusted increases in both principal value and interest payments.
A government agency bond backed by the full faith and credit of the U.S. government. The investment represents a pool of mortgage loans with principal and interest insured by U.S. government agencies.
A strategy enabling an investor to purchase a number of bonds and structure their maturities over time so they mature at different dates. A portfolio of bonds maturing in 5, 10, 15, and 20 years in equal values would be a bond ladder.
A negotiable debt obligation issued by the U.S. government for a specific amount and maturity. Income from Treasury securities is exempt from state and local tax, but not from federal income tax. Treasury securities include Treasury bills (T-bills), Treasury notes (T-notes), and Treasury bonds (T-bonds).
A bond offered to the public for the first time.
A bond issued by a corporation rather than by a government. The credit risk is based on the appraised payment ability of the company that issued the bond and its willingness to pay.