Fidelity CD Rates
Posted on August 23rd, 2010
The Fidelity CD rates are competitive especially for rates on maturities of 2 years and up. Fidelity offers both new issue and secondary CDs. New issue CDs are sourced from the issuer while secondary CDs are sourced from a number of dealers Fidelity accesses through its Open Bond Market.
Brokered CDs are securities offered by commercial banks and thrifts to raise funds for their business activities. Investors lock in the market interest rate at the time of purchase, which is usually fixed for the term of the CD. There is no limit in the denomination of a CD.
At Fidelity, all new issue CDs are available without a separate transaction fee and are FDIC-insured. The secondary CDs Fidelity offers come from multiple sources, providing investors with a single location to view brokered CDs from many banks. Brokered CDs have some important advantages over bank CDs including the ability to avoid penalties if the CD is sold before maturity.
Currently, some CDs that can be found with Fidelity have an APY of 0.25% for a 1 year CD. There is an APY of 1.00% for a 2 year CD. There is an APY of 2.00% for a 5 year CD. There is an APY of 2.90% for a 10 year CD. There is an APY of 3.10% for a 15 year CD. These CD rates and are still current and effective August 25, 2010.
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