Doesn't Fidelity Investments have some sort of account?
Where you can withdraw money and earn 2.0% percent interest or so yearly from money market/cds? I can't seem to find it now... If not is there another similar investment company that offers this?
- Go with the flowLv 78 years agoFavorite Answer
You don't withdraw money. You deposit money into the account.
The cd's can pay out monthly, quarterly, semi-annually, or annually.
They can set it up so you can get the returns transferred to your regular checking.
Fidelity offers long term cd's that can pay 2%.
You may have to go with locking that money for 15 years.
And know that they are like bonds when you go with a brokerage.
Not as simple as bank cd's where you just pay 6 months (or so) penalty on interest.
No, these trade at market value.
So if you need to sell, and interest rates go up (which they will), you could take a huge hit on principal.
Only buy if you know you can hold for full term.
Go to fidelity, and click on TRADE, then click on CD's.
I don't have fidelity, but all sites are the same.
If you still can't find the tabs, just call their 800 number.
- ag318punLv 78 years ago
No one is paying 2% on a CD or Money Markets
for one year including Fidelity. My advice to you is
call Fidelity and invest in a low risk mutual fund.
1 800 544 8544