Treasury purchases traded with a Fidelity representative, a flat charge of $19.95 per trade applies. A $250 maximum applies to all trades, reduced to a $50 maximum for bonds maturing in one year or less. Interest rates and Annual Percentage Yield (APY's) for Fidelity Bank products, including mortgage loans, checking accounts, savings accounts, money market accounts, certificates of deposit (CDs), business. All rates apply for customers with Relationship Checking or Performance Checking account; or Fidelity Choice Banking account (Fidelity, Classic or Green Choice Checking). For non-package rates, please. Current Rates as of February 28, 2021. CD Specials above are in bold and italics. Other restrictions apply. See bank for details. Annual percentage yield effective November 2, 2020 and subject to change without notice. Penalty for early withdrawal for CDs. Fees may reduce earnings. Fidelity 5 Year CD Rates. Note that the CDs offered are brokered CD instead bank CDs and can be traded on the secondary market. It is FDIC insured. The rate of 1.80% is 0.41% higher than the average 1.39%. Also it is 0.95% lower than the highest rate.
MORE OPTIONS. MORE SAVINGS.
Grow your savings and achieve your goals with the right account for your financial situation. With our Fidelity Bank savings accounts, we can help you save today for a more rewarding tomorrow.
Savings Accounts
Every Fidelity Bank savings account is eligible for free online banking, SmartVoice 24-hour information and convenient account access through our mobile banking app.
Let us help you find the right account and start saving today for a more rewarding tomorrow.
STATEMENT SAVINGS
- $100 minimum opening deposit
- Earn interest
- $4.00 monthly fee if balance falls below $300
- ATM access is available
Open a Statement Savings account online in minutes.
CHILDREN’S SAVINGS
Fidelity Money Market Rates
- Available for children under 18 years of age
- $25 minimum opening deposit.
- Earn interest
- No monthly service fees
Fidelity Cd Rates At Banks
HIGH INTEREST SAVINGS
- $2,500 minimum opening deposit
- Earn a higher rate for each tier:
$0 - $9,999
$10,000 + - $10 monthly fee if balance falls below $2,500
- ATM access is available
Open a High Interest Savings account online in minutes.
HEALTH SAVINGS ACCOUNTS
Defray the out-of-pocket medical expenses of your high-deductible health plan with a tax-favored health savings account. We offer a variety contribution and withdrawal methods.
SECURE AND ACCESSIBLE SAVINGS
Enjoy a risk-free, stress-free way to save your money and watch it grow with a money market account. From establishing an emergency fund to saving up for a major purchase, a flexible MMA will help you fund your future without restricting access to your money.
In addition to a competitive interest rates, money market accounts offer:
- The flexibility to write unlimited checks
- The security of FDIC insurance coverage
- Easy access to funds through ATMs and Interactive Banking Machines
Choose the money market account that is right for you:
Personal Money Market
With a $2,500 minimum opening account balance and competitive interest rate, it is easy to start growing your savings with the Personal Money Market Account. Note: A $10 monthly fee is assessed if your balance falls below $2,500.
Open a Personal Money Market account online in minutes.
Superior Money Market
With a Superior Money Market account, as your savings grow, so does your interest rate. This account offers three rate tiers and can be opened with a minimum deposit of $10,000. Note: A $10 monthly fee is assessed if your balance falls below $10,000
Open a Superior Money Market account online in minutes.
Fidelity Cd Rates December 2020
FIXED RATE SAVINGS SECURITY
Increase your savings security with a Fidelity Bank Certificate of Deposit (CD) account. Competitive rates and fixed terms ensure your money is safe and building for a better tomorrow.
- Compounded, competitive interest rates
- Fixed rates until maturity
- Variety of short and long savings terms
- Automatic renewing options
- Individual and joint accounts
- Save for the future – major purchases, targeted savings, long-term and short-term savings
- FDIC insured
- Subject to penalties for early withdrawals
Fidelity is a multi-national financial services corporation based out of Boston, Massachusetts. They are one of the top 10 AMC (asset management companies) in the world with $2.46 trillion in assets under management and a combined customer asset value of $6.7 trillion.
Fidelity offers a wide range of services, products and tools to suit investors of varying experience levels and risk tolerances.
In this review we will focus on the brokered CDs offered through Fidelity. These can be found under their fixed income and bonds category.
It is important to note that Fidelity is not a bank, but a brokerage firm. Therefore Fidelity does not issue any certificates of deposit themselves, but rather “brokers” or resells them to their clients. The deposits are still obligations of the issuing bank, and thus come with FDIC-insurance up to $250,000 per depositor. That said, because Fidelity is a brokerage service, you can hold multiple CDs in your brokerage account with them, effectively expanding your FDIC coverage past the $250,000 limit. This is also true for their cash management account which allows for FDIC coverage up to $1.25 million.
You can open new issue CDs and/or secondary market CDs through Fidelity. New issue CDs are typically sold at par and clients do not pay a trading fee to purchase them. Purchases (and sales) of secondary CDs incur a trading fee of $1 per CD (1 CD = $1,000 par value). Download Fidelity’s CD disclosure document for a full understanding of their terms and conditions.
Fidelity offers seven standard term CDs ranging from 3 months to 5 years that come with a minimum deposit requirement of $1,000.
To give Fidelity’s certificate of deposit rates some context, the current national average for a 12 month CD and 5 year CD sit at just 0.14% and 0.31% APY, respectively. And the best rates on 12 month and 5 year CDs from online banks and nationally available credit unions still top 1.00% APY (albeit just barely).
How is Interest Calculated?
Interest on new issue Fidelity CDs do not compound. This is true with most brokered CDs as they require an immediate distribution of interest.
Fidelity CDs that are purchased on the secondary market may be based on other interest rate calculations. You will need to contact the Firm with questions concerning the interest rate calculation on a secondary market CD.
Fidelity Auto Roll Program
Fidelity also has an “Auto Roll Program” that comes with some helpful features. The most notable being the ability to make early withdrawals on your CD without incurring steep fees. This is in contrast to bank or credit union CDs which generally take a portion of your interest as a fine.
The second stand-out feature of the Auto Roll Program is that it allows you to sell part of your CD (or add to it) prior to its maturity date.
You can also keep track of your earnings, set up alerts and auto-renew your CDs based on your chosen asset allocation.
If you would not like to be a part of the Auto Roll Program, you may cancel at any time.
Fidelity Cd Rates May 2020
Brokered CDs offered through Fidelity come with some benefits and downsides. For starters, the current rates offered (shown above) are less competitive than those found at top online banks and credit unions.
Second, while new CDs don’t come with any fees, CDs purchased on the secondary market will be subject to a trading fee similar to buying or selling a stock.
Fidelity’s brokered CDs also come with some distinct advantages.
The biggest being liquidity. If you need your funds prior to maturity you can simply sell it during any trading day on the open market. Keep in mind though that the market prices will fluctuate based on rates. This means it’s also possible to sell your deposit for less (or more) than you purchased it for.
For example, if you open a 5 year deposit and need the funds after year 2, during which time interest rates have risen considerably, you may have a tough time selling your deposit for your full purchase price because consumers can get better rates through new issue CDs.
Conversely, if you purchase a 5 year deposit and rates drop significantly (which they have) then you may find investors willing to offer a premium on your CD in the secondary market.