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Anonymous asked in Business & FinanceInvesting · 8 years ago

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?

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  • 8 years ago
    Favorite 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.

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  • 8 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

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