A Fee For Lending Uncle Sam Money?Amey Stone
THE DAYS OF PURCHASING Treasury securities directly from the government for free may be numbered. In May, the feds will assess a $25 fee on all Treasury Direct accounts of $100,000 or more. Sure, $25 is a pittance for someone able to spring for a hundred grand's worth of T-bills. But some bond experts think fees will next be imposed on the common folk who hold far smaller amounts for their accounts, where the Treasury keeps their paper, as a brokerage does.
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