There is no charge for Treasury Auction orders placed online at Fidelity.com. A $19.95 fee will be charged on all Treasury Auction orders placed through a Fidelity representative.
Non-competitive bids are limited to no more than $5 million in a bill, note, bond, or TIPS auction.
A bidder bidding competitively for his or her own account may not bid non-competitively for his or her own account in the same auction.
Prior to the designated closing time for receipt of competitive tenders, a non-competitive bidder may not enter into any agreement to purchase or sell or otherwise dispose of the securities that may be acquired in the auction.