Treasury Bills on Merrill Edge: A Guide for Investors

Merrill Edge lets you buy US Treasury bills directly in your brokerage account, with auctions and a broad secondary market. Here is how it works for individual investors.

How to Buy T-Bills on Merrill Edge

1. Log in to your Merrill Edge account.
2. Search 'Treasury bills' under bonds/Treasuries.
3. Choose an auction order (at a specific/competitive or non-competitive rate) or buy in the secondary market.
4. Fund and confirm; hold to maturity or sell early.

Key Details

• T-bills sell at a discount; your profit is the discount at maturity.
• Auction minimums are low for retail investors.
• Interest is generally exempt from state/local tax (subject to federal tax).

Tips

• Buy at auction to avoid mark-ups on secondary trades.
• Ladder maturities (4/13/26/52 weeks) for liquidity.
• Confirm fees with Merrill before transacting.

FAQ

Is there a fee for buying T-bills on Merrill Edge?

Treasury orders may carry low or no commission; confirm current pricing.

Can I sell a T-bill before maturity?

Yes, on the secondary market via the platform.

Related: T-Bill Rates and Buffett's T-Bills.