Merrill offers direct access to a broad array of bonds and other fixed-income securities.

Can I cash a savings bond at Bank of America?

To redeem your savings bond, the best place to start is the same place where you have a checking account. For example, at Bank of America, customers who have had a checking or savings account open for at least six months can easily cash in their savings bonds.

What is Elephant bond?

Elephant Bonds is a class of proposed debt instruments in India. An Elephant Bond is a Rupee denominated bond with 25 years maturity; and its fund is to be used exclusively for infrastructure. The committee has recommended making investment in such bonds compulsory for the people declaring undisclosed income.

Why is yield to worst?

The yield to worst metric is used to evaluate the worst-case scenario for yield at the earliest allowable retirement date. YTW helps investors manage risks and ensure that specific income requirements will still be met even in the worst scenarios.

To redeem a bond you must be the owner or co-owner of the bond and you must have an active checking or savings account with Bank of America. (Please note that if your checking or savings account has been open for less than 6 months, you’ll be limited to redeeming a maximum of $1,000 per day).

What is yield to worst?

Yield to worst is a measure of the lowest possible yield that can be received on a bond with an early retirement provision. Yield to worst is often the same as yield to call. Yield to worst must always be less than yield to maturity because it represents a return for a shortened investment period.

Is there a Merrill Lynch short term Redemption Fee?

The Merrill Lynch short-term redemption fee is distinct from, and in addition to, any redemption fee charged by the Fund. Fund shares may be redeemed directly with the Fund without payment of the Merrill Lynch short-term redemption fee.

How does Merrill Lynch help you invest in bonds?

Whether you’re just starting out or seeking fresh ideas, Merrill provides timely and relevant tools and resources to help you along each step of your investing journey. This brief video can help you better understand different types of bonds. Buying bonds is like riding a seesaw. Bond prices increase when interest rates fall, and vice versa.

What’s the life of a Merrill Edge Fund?

** Life of Fund (LOF) returns are provided for funds with less than 10 years of history and are as of the fund’s inception date. 10 year (10Yr) returns are provided for funds with greater than 10 years of history. The information herein was obtained from multiple sources, we do not guarantee its accuracy or completeness.

How are Merrill Lynch mutual fund discounts calculated?

The value of mutual fund shares held away from Merrill Lynch may be used to calculate sales charge discounts. Investors must provide sufficient information of ownership of shares held away from Merrill Lynch to receive the proper discount.