# How do you buy notes on Treasury Direct?

**URL:** <https://community.clark.com/t/how-do-you-buy-notes-on-treasury-direct/810>\
**Category:** Investing\
**Created:** [June 23, 2022, 4:34pm UTC](https://community.clark.com/t/how-do-you-buy-notes-on-treasury-direct/810 "2022-06-23T16:34:12Z")\
**Posts on this page:** 5\
**Page:** 1

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**Author:** ![AustinBonds](https://avatars.discourse-cdn.com/v4/letter/a/6bbea6/32.png) [@AustinBonds](https://community.clark.com/u/AustinBonds)\
**Post date:** [June 23, 2022, 4:34pm UTC](https://community.clark.com/t/how-do-you-buy-notes-on-treasury-direct/810/1 "2022-06-23T16:34:13Z")

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Has anyone here bought notes or bills on Treasury Direct? Looks like there are periodic auctions. How do you enter a price that will be accepted? That part confuses me. Do you just buy $1000 of a 2 year note and get the automatic best interest yield?

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**Author:** ![jimtoo](https://avatars.discourse-cdn.com/v4/letter/j/a698b9/32.png) [@jimtoo](https://community.clark.com/u/jimtoo)\
**Post date:** [June 23, 2022, 5:07pm UTC](https://community.clark.com/t/how-do-you-buy-notes-on-treasury-direct/810/2 "2022-06-23T17:07:07Z")

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You agree to accept whatever yield is determined by auction.  
[https://www.treasurydirect.gov/indiv/research/indepth/tnotes/res\_tnote\_buy.htm](https://www.treasurydirect.gov/indiv/research/indepth/tnotes/res_tnote_buy.htm)

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**Author:** ![ochotona](https://sea2.discourse-cdn.com/flex016/user_avatar/community.clark.com/ochotona/32/293_2.png) [@ochotona](https://community.clark.com/u/ochotona)\
**Post date:** [June 23, 2022, 5:28pm UTC](https://community.clark.com/t/how-do-you-buy-notes-on-treasury-direct/810/3 "2022-06-23T17:28:46Z")

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**I would not do it given how crap the website is.** Buy from Schwab or Fidelity, you can get new issue bills bonds and notes, auto-roll them, and you pay no more than TreasuryDirect, and it’s all in one place nicely managed. I’m just afraid your TD account goes belly-up or gets hacked or you have to change banks, and you have no recourse.

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**Author:** ![Smartpolitics](https://avatars.discourse-cdn.com/v4/letter/s/65b543/32.png) [@Smartpolitics](https://community.clark.com/u/Smartpolitics)\
**Post date:** [June 23, 2022, 10:31pm UTC](https://community.clark.com/t/how-do-you-buy-notes-on-treasury-direct/810/4 "2022-06-23T22:31:40Z")

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I’ve bought them from TD. You can’t sell those notes prior to maturity. But you can if you buy from Schwab or Fidelity. With the yields now, that’s ok

If you buy a 10 year TIPS, your stuck with it for 10 years. You may have to discount the TIPS or pay a hefty fee if you sell at Fidelity or Schwab but you at least can sell these bonds. I lost about $14 on a $1,000 TIPS note but I was able to redeploy these funds to pay off an accident instead of having to sell stocks which were down 20%

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**Author:** ![AustinBonds](https://avatars.discourse-cdn.com/v4/letter/a/6bbea6/32.png) [@AustinBonds](https://community.clark.com/u/AustinBonds)\
**Post date:** [June 24, 2022, 3:38am UTC](https://community.clark.com/t/how-do-you-buy-notes-on-treasury-direct/810/5 "2022-06-24T03:38:42Z")

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I’ll check out Fidelity. I was underwhelmed by Vanguard when I perused its brokered CDs and Treasury site so I hope Fidelity has a better interface.