Treasury bonds for $100
Government lowers the minimum price to buy Treasury bonds to $100 from $1,000 in a move to make securities more available to average investors.
NEW YORK (CNNMoney.com) -- The Treasury Department said Friday it plans to lower the minimum investment amount for government bonds in an effort to make them more affordable for average investors.
Beginning April 7, people will be able to buy as little as $100 in Treasury marketable bills, notes, bonds and Treasury Inflation-Protected Securities (TIPS). Investors will also be able to purchase these securities in increments of $100.
The minimum amount and increment purchase size for Treasurys has been $1,000 since August 1998.
"The new, lower minimum Treasury amount will put marketable securities within reach of more savers and investors in the United States and around the world," said Anthony Ryan, Assistant Secretary of the Treasury for Financial Markets.
Treasury securities can be purchased directly from the Treasury by creating a TreasuryDirect account online at treasurydirect.gov or a Legacy Treasury Direct account.