Noncompetitive bids are a method for smaller investors to purchase U.S. Treasury bills. These bids are submitted through a Federal Reserve Bank, the Bureau of the Public Debt, or certain commercial banks, and are executed at the average price of all accepted competitive bids.
TreasuryDirect is an electronic platform that allows individual investors to purchase U.S. Treasury securities directly from the government, thus bypassing intermediaries like banks and brokers.
