In this video, I go over how to research Certificate of Deposits (CDs) on Fidelity, how to buy CDs using Fidelity desktop, and how to buy CDs using Fidelity mobile app. I also go over how to cancel an order and how to buy fractional CDs.
CDs are finally starting to become a decent place to park some cash. Over the past several years, a 1-year CD barely paid above 0%. Today a 1-year CD pays above 4%.
Fidelity offers what is called brokered CDs. This allows the investor to purchase FDIC insured CDs from several different banks. Brokered CDs are my preferred way to purchase CDs. As you can see from my video, it is very convenient to research and purchase brokered CDs from Fidelity.
Want to learn the principles that help me to consistently beat the market? Check out my free eBook, 5 Things I Wish I Knew Before Buying My First Stock.
DISCLAIMER: I'm not a financial advisor. These are my opinions and provided "as-is". It is not an offer to buy or sell securities. Read the Terms and Conditions.
Disclosure
At the time of publishing this video, I have net long positions in CDs, BTC via stock, warrant, options, or other means.
Except for Wolves of Investing, I/we are not receiving any compensation from and do not have any business dealings with any companies whose stocks are discussed in this article/video.
Donnie Nguyen
Donnie Nguyen is the founder and CEO of Wolves of Investing. He started investing in the stock market in the early 2000s. He follows the teachings of Peter Lynch, Warren Buffett, and other investing legends. When he's not investing or blogging, he loves spending time with his family traveling and experiencing the world.
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