Most people buy bonds from retail brokers. Maybe that’s because they don’t know that buying bonds online is way cheaper. Here are a few steps you should follow if you’re about to buy bonds online:

1. Find an online broker’s website (Tradebonds, Munidirect, Schwab, Bondagent) and register an account (you will have to make an opening deposit).

2. There are more ways to deposit the funds. You should use whichever suits you the most.

3. You need to make up your mind which bonds to buy

4. Find bonds with a higher yield

5. When you buy, you should watch out for broker’s commision

6. Get verification and confirmation of your purchase.