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Fidelity CD Rates

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by Lauren Perez Updated
Fidelity CD Rates

Fidelity Bank CDs differ from typical bank certificates of deposit in that they are brokered for brokerage firm customers. You can purchase a brokered CD from multiple banks but hold it with Fidelity. This allows you to have a higher amount insured by the FDIC. 

Fidelity Brokered CDs have just about the highest rates in the industry, too. They can provide great earnings no matter what you’re saving for. Fidelity Bank doesn’t have the widest range of CD terms, with only seven options available. However, it does make for an easily created CD ladder. You could open every CD account at the same time and benefit from a payout at the end of each. 

Fidelity Brokered CD Minimum Deposit Rate  
3 Month $1,000 1.80% Compare CD Rates
6 Month $1,000 2.00% Compare CD Rates
9 Month $1,000 2.10% Compare CD Rates
1 Year $1,000 2.25% Compare CD Rates
2 Year $1,000 2.75% Compare CD Rates
3 Year $1,000 2.95% Compare CD Rates
5 Year $1,000 3.20% Compare CD Rates

Overview of Fidelity CDs 

You can open a brokered CD in two ways. The first is to open it as new issue offerings. This allows you to avoid paying trading fees to purchase new issue offerings. Your second option is to open a brokered CD from the secondary market. You will face trading fees here, though, of $1 per CD. However, you have the perk of being able to access your secondary market brokered CDs before it reaches maturity. 

Fidelity also offers its Fidelity Auto Roll Program, which offers a couple of handy perks. For starters, this program automatically renews your CDs according to your chosen asset allocation. It also allows for early withdrawals without incurring heavy penalties. This feature sets it apart from most other bank CDs which charge a penalty for all early withdrawals. The penalty usually negates the perks of an early withdrawal since it charges a portion of interest earned. 

Each Fidelity CD also comes with the flexibility to sell part of your funds or add onto them thanks to the Auto Roll Program. Then to keep track of your accounts and earnings, you can set up Fidelity Alerts for periodic alerts. You can cancel the Auto Roll program at any time. 

Compare Fidelity CD Rates to Other Top Offers

Earn over 8 times the national average with a CIT Savings Account. Get 2.15% APY on balances of at least $25,000 OR monthly deposits of $100 or more with an initial $100 minimum deposit.

How Much You Earn With Fidelity Certificate of Deposits Over Time 

If you choose to open a Fidelity Brokered CD and not fiddle with it and the market, your money will be growing at some great rates. These rates blow many banks’ regular CD rates out of the water. However, don’t forget that these are still brokered CDs that are connected to the market. 

It’s important to note that these amounts reflect your possible final balances at the end of the term. Your exact earnings, however, depend on your initial deposit and how often Fidelity chooses to compound your interest. We’ve calculated the numbers below as though interest is compounded daily.

Initial Deposit 3-Month CD 12-Month CD 60-Month CD
$2,500 $2,510 $2,551 $2,890
$5,000 $5,021 $5,101 $5,780
$10,000 $10,041 $10,202 $11,560

How Fidelity CDs Rates Compare to Other Banks 

As you can see below, Fidelity’s CD rates outperform its competition almost across the board with its high rates. It only falls behind Marcus by Goldman Sachs on its 1-Year CD rate offering. 

Don’t forget that Fidelity CDs are different in that they are brokered. That means they can be traded on the market, either with new issue offerings or on the secondary market. Your deposit will still earn according to the given interest rate. 

Competitors like Discover Bank, Ally Bank and Marcus offer a more standard approach to CDs and bank accounts in general. So if you’re looking to keep all your bank accounts with one institution, Fidelity wouldn’t be the right option. 

CD Account Fidelity Discover Ally Bank Marcus by Goldman Sachs
6 Month 1.80% 0.35% 1.50% 0.60%
1 Year 2.00% 2.10% 2.10% 2.20%
3 Year 2.75% 2.35% 2.40% 2.35%
5 Year 2.90% 2.60% 2.40% 2.80%

Should You Get a Fidelity CD Account?

You should get a Fidelity CD account if you’re comfortable working with brokered CD accounts, rather than a specific bank’s own accounts. This means you do have access to a wider variety of CDs from various locations. You can also sell your CDs on the secondary market if you choose to. However, this also means you can lose money with these CDs according to the market and its rates. 


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Best Places to Save

SmartAsset’s interactive map highlights the places in the country where people have the opportunity to save money. Zoom between states and the national map to see the best places to save.

Rank County Median Household Income Cost of Living Purchasing Power Estimated Tax Rate

Methodology Where you live can have a big impact on how easy it is to save money based on several regional factors. Our study aims to find the most suitable places for people to save based on median household income, average living expenses and income tax burden.

First, we calculated the average cost of living in each county for a household with two adults (one working). We then created a purchasing power index for each county. This reflects the counties with the highest ratio of household income to cost of living.

To better compare income tax burdens across counties, we applied relevant deductions and exemptions before calculating federal, state and local income taxes for a family making $50,000 annual income in each location. Next, we created an effective tax rate index for each county, which reflects the counties with the lowest ratio of income taxes to the assumed $50,000 annual income.

Finally, we calculated the weighted average of the indices to yield an overall best places to save score. We used a three-fourths weighting for purchasing power and a one-fourth weighting for tax rates. We indexed the final number so higher values reflect places that are better to save.

Sources: US Census Bureau 2016 5-Year American Community Survey, MIT Living Wage Study