Monday, September 09, 2013

Where You Can Buy Municipal Bonds Online

Municipal bonds are debt obligations issued by states, counties, cities, and other governmental agencies. The primary advantage to investing in municipal bonds is the tax free interest. The interest is exempt from Federal taxes and if you live in the state in which the bonds were issued, the interest is exempt from state taxes also (with a few states that are exceptions). Plus, any muni bonds issued by the Governments of Puerto Rico, Guam, the Virgin Islands, or the Northern Mariana Islands, or bonds issued after October 16, 2004 by American Samoa are also exempt from all state income taxes, according to Federal law. If you live in New York City and own New York State bonds, the interest is exempt from city, state, and Federal income taxes .

The following companies allow you to view their municipal bond offerings online without having to log in or even open an account, until you are ready to buy.




Stoever Glass

A great resource for information about municipal bonds is, which includes a lookup by CUSIP number.

No comments: