Originally Posted by Wizard
Let me know of the new fees.
Thanks for the link.
No new fees that I can see. The "account maintenance fee" of $25 was originally, I believe, mandated by Congress some years ago, and applies only to accounts of over $100,000 in the program that is now called "Legacy Direct."
You can get around that fee, if you wish, by using multiple accounts, each containing less than 100k of Treasury bills, notes and bonds.
Bills, notes and bonds, as well as savings bonds, can also be purchased through the new Treasury Direct program, for which there are no account maintenance fees of any kind.
If you decide to sell a note or bond prior to maturity, LD or TD will solicit bids from three brokerage houses, and then sell to whomever makes the best offer. The $45 fee that you pay defrays the brokerage cost of the transaction.
TD assesses no fees for redeeming savings bonds.
All of the preceding is off of the top of my head, and I think it's correct, but if you want definitive and absolutely accurate information, you might try the TD website: http://www.treasurydirect.gov