Fidelity CD Rates: How They Compare

Spencer TierneySep 8, 2020
Fidelity CD Rates: How They Compare

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Fidelity’s certificates of deposit differ from traditional bank CDs in that they’re brokered CDs, which are CDs issued by banks but available only to brokerage customers. Fidelity offers new-issue CDs from various banks as well as CDs sold by other investors on a secondary market. Unlike bank CDs, brokered CD rates fluctuate daily and can be higher or lower than those found directly through online banks and credit unions.

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Fidelity has at least 10 terms for new-issue CDs. The following are the top CD rates available in Fidelity's marketplace for each term as of the date of publication*:

*Note: Rates are subject to daily fluctuations. Check Fidelity’s website for the latest.

» Want more options? See the at banks and credit unions

Getting brokered CDs is a more complex process than opening bank CDs.

Investment portfolio required. You must have a brokerage account, either a taxable or individual retirement account, to hold your Fidelity CDs.

Minimum per CD: Fidelity’s new-issue CDs start at $1,000 and are typically issued in increments of $1,000. Unlike regular bank CDs, which may hold various amounts of money, Fidelity breaks its CDs up into smaller, typically standardized amounts. For example, buying $20,000 in CDs technically means you’re buying 20 CDs of $1,000 each.

Rates are banks’ decisions: Banks where the CDs originate can choose to have higher or lower rates for their Fidelity CDs than what they offer directly to their own customers.

Types of CDs: Fidelity offers three:

The type of CD depends on the issuing bank, which you can see in Fidelity’s marketplace.

» Learn more about accounts on our

More pros:

More cons:

» On the fence about a CD? If you might need access to your money, look into the instead.

As a brokerage, Fidelity can offer more CD options than one bank can. This could be helpful to investors who have a lump of cash suitable for CDs, but potentially overwhelming if you’re unfamiliar with investing. If you want to see more CD options, check out our list of this month. For more about Fidelity as a broker, see .

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