Review: Fidelity Certificate of Deposit Interest Rates 

Conor Keenan Author Bio By: Conor Keenan  Last updated on December 1, 2023
Conor Keenan is's co-founder. His work in personal finance has been featured by MSN, CNN, AOL, Fox News, Yahoo News & many more.

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Read our review & open a new​ certificate of deposit with confidence.  Fidelity Investments and other CD offers on this page are FDIC insured up to $250,000 per depositor.  Fund your new account & take advantage of the power of compound interest today!

Brokered CDs from Fidelity Investments:

Fidelity Investments redefines the conventional approach to certificates of deposit (CDs) by offering what are known as brokered CDs.

These distinct financial instruments are essentially CDs issued by an array of banks, but they are exclusively accessible to clients who hold brokerage accounts. This unique model positions Fidelity as an intermediary, thereby providing its clientele with an expansive selection of new-issue CDs sourced from various financial institutions.

Additionally, Fidelity presents a dynamic secondary market where investors have the opportunity to purchase CDs that are being resold by other investors, potentially at different rates or terms than those originally issued.

It’s pivotal to recognize the fundamental differences between bank CDs and the brokered CDs provided by Fidelity. Traditional bank CDs typically feature fixed interest rates for the duration of the deposit term, with the rates being determined at the time of purchase.

On the contrary, the interest rates of brokered CDs can exhibit daily fluctuations prior to the purchase. This variability is attributed to the interplay of market dynamics and the breadth of Fidelity’s network of participating banks, which creates a competitive landscape wherein rates are inherently subject to change.

Furthermore, the rates available on brokered CDs through Fidelity may diverge from those offered directly by banks and credit unions. This discrepancy arises due to the aggregation of offerings from multiple institutions and the influence of real-time market conditions impacting the secondary market.

Therefore, investors are afforded a more diverse, fluid market, but they also encounter variability that is less common with traditional bank CDs.

In this sophisticated financial milieu, it is paramount for investors to conduct thorough research and remain abreast of market trends.

Prior to any commitment, understanding the nuances between traditional and brokered CDs, including the potential for fluctuating rates and the unique opportunities presented by a secondary market, is essential for making informed investment decisions.

Fidelity Investment Certificate of Deposit Rates:

Certificates of Deposit Annual Percentage Yields (APY) current as of October 22, 2023
Term APY
3 Month 5.40%
6 Month 5.40%
9 Month 5.45%
12 Month 5.50%
18 Month 5.45%
24 Month 5.35%
36 Month 5.15%
48 Month 5.00%
60 Month 4.90%
  • Rates are subject to change on a daily basis. Check Fidelity’s Website for the most up to date information.

Main Benefits You Get From This CD

Fidelity Investments stands out for its variety of CD offerings, primarily sourced from multiple banks, providing investors with a unique opportunity to:

  1. Diversify their portfolio through one platform.
  2. Benefit from FDIC insurance per depositor per institution.
  3. Enjoy competitive Fidelity CD interest rates.
  4. Access a range of CD terms to meet specific investment goals.
  5. Experience seamless investment processes with robust customer support.

Identifying the Risks associated with Fidelity CDs

When investing in Fidelity CDs, it is important to be aware of the various risks involved. One such risk is interest rate risk, which means that the rate of return on the CD may fluctuate over time. This can impact the overall return on your investment. Another risk to consider is credit risk, as there is a possibility that the issuer of the CD may default on interest and principal payments.

This can result in a loss of income or even the principal amount invested. Additionally, liquidity risk should be taken into account. Fidelity CDs typically have maturity periods of months or years, and early withdrawal may result in penalties.

It’s crucial to understand these risks in order to make informed decisions when investing in Fidelity CDs.

Interest Rate Risk

When considering Fidelity CDs as part of your investment strategy, it’s important to evaluate the interest rate risk associated with them. Fidelity CDs are subject to this risk because changes in market interest rates can affect their rate of return. If interest rates rise, the rate of return on Fidelity CDs may become less competitive compared to other investments.

On the other hand, if interest rates fall, Fidelity CDs may offer a more attractive rate of return. To make informed decisions, investors should monitor interest rate trends and anticipate potential changes in the rate of return on Fidelity CDs. By understanding and assessing interest rate risk, investors can effectively manage their investment portfolios.

Credit Risk

Credit risk is an important factor to consider when investing in Fidelity CDs. This risk refers to the possibility of the issuer defaulting on interest and principal payments. Before investing, it’s crucial to assess the creditworthiness of the issuer.

Checking the issuer’s credit rating can provide valuable insights into their ability to meet financial obligations. To mitigate credit risk, diversifying investments across multiple issuers is a wise strategy.

By doing so, you spread the risk associated with Fidelity CDs. Understanding credit risk empowers investors to make informed decisions about whether Fidelity CDs are suitable for their portfolios.

By evaluating credit risk, investors can ensure that they are making sound investment choices.

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5.05% APY


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Best For: High APY From a Top Performing Bank

Term: 12 Months

Western Alliance Bank offers 5.05% APY exclusively through the Raisin Platform on their 12 month CD.

Interest compounds daily and is posted to your account monthly.

This APY is substantially higher than what you’ll find at most brick-and-mortar banks and even most online banks.

In addition to this high APY, Western Alliance offers $0 monthly maintenance fees and is insured by the FDIC for up to $250,000 per depositor.

Customer service is located in New York, they are available via phone or email. You'll also have 24/7 access to your account and funds.

Western Alliance Bank was founded in 1994 and is consistenly ranked among the top banks. They were ranked #1 top-performing large bank with assets greater than $50 billion in 2021 by both American Banker and Bank Director. Serving clients across the country wherever business happens.

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4.00% APY


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Term: 24 Months

Discover Bank offers 4.00% APY with no monthly fees and $2,500 initial deposit on their 24 Month CD.

Discover Bank is one of the first online focused banks to offer no monthly fees and what they call "No. Fees. Period."

Deposits are insured through the FDIC for up to $250,000 per depositor and if you have any questions Discover offers 100% U.S.-based Customer Service Available 24/7.

Interest compounds daily so lock in your 24 Month CD rate today & start earning guaranteed interest now.

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Brief History of Fidelity Investments:

Tracing its origins back to 1946, Fidelity Investments was established with the vision of providing unparalleled financial services and investment resources. Over the decades, this vision has not only been realized but has also thrived, propelling Fidelity to its status as a globally recognized powerhouse within the financial services sector.

In the years following its inception, Fidelity Investments, under the guidance of its founder Edward C. Johnson II, embarked on a journey that would see the company diversify its portfolio offerings extensively. The firm initially made a name for itself through mutual funds, specifically with the Fidelity Fund, and later expanded its repertoire to include a diverse range of services such as retirement plans, wealth management, life insurance, and more.

The 1980s and 1990s marked a period of robust growth and technological innovation for Fidelity. During this time, the company pioneered the development of technology-driven customer service platforms, establishing itself as an industry leader in the digital revolution within financial services. This period also saw Fidelity’s expansion into international markets, broadening its global footprint and solidifying its position on the world stage.

Fidelity’s commitment to its clients is a hallmark of its reputation. By prioritizing customer-centric investment solutions, the company ensures that its clients’ needs are at the forefront of every service and product offered. This approach has earned Fidelity the trust and loyalty of its clients, ranging from individual investors to large institutions.

Moreover, Fidelity Investments is not just known for its financial products; it’s equally respected for its ethical business practices, corporate responsibility, and dedication to giving back to the community. The company’s consistent focus on research and development, as well as its investment in human capital and technology, demonstrates its commitment to continual improvement and innovation.

In the modern financial landscape, Fidelity continues to stand out for its ability to adapt to market changes, its steadfast dedication to customer satisfaction, and its comprehensive suite of investment options. The company’s journey from its humble beginnings in 1946 to its current status as one of the leading financial services corporations globally is a testament to its enduring vision, strong leadership, and the unwavering trust of its clientele. Fidelity Investments, with its rich history and proven track record, remains a preferred choice for investors seeking reliability, diversity, and expertise in financial management.

Fidelity Investments CD Account Pros:


  • Broad Selection: Access to CDs from various banks nationwide.
  • Rate Shopping: Fidelity’s platform allows for comparison of rates from multiple banks.
  • Security: Offers FDIC insurance up to applicable limits.
  • Flexibility: Wide range of terms available.

    Fidelity Investment CD Cons:


    • No Physical Branches: Being an online platform, in-person banking is not available.
    • Minimum Investment: Some CDs require a substantial minimum investment.
    • Penalties: Early withdrawal penalties might impact returns.
    • Secondary Market Risk: Although you can sell your CD on the secondary market, you may receive less than its par value.

      Who Should Open a Certificate of Deposit Account from Fidelity Investments.

      Fidelity CDs are ideal for investors seeking stable, predictable returns and those building a diversified fixed-income portfolio. They are also suitable for investors comfortable with digital platforms and those looking for FDIC-insured products.

        How to Open a Certificate of Deposit Account with Fidelity Investments.

        Opening a CD with Fidelity is a straightforward process:

        1. Create or log into your Fidelity brokerage account.
        2. Navigate to the CD section under the “Fixed Income & Bonds” category.
        3. Browse available CDs by term, interest rate, and bank.
        4. Select a CD and invest directly through your brokerage account.

        Other Products Fidelity Investments Offers:

        Beyond CDs, Fidelity offers a plethora of investment products, including:

        • Money market accounts
        • Brokerage accounts
        • Retirement accounts (IRAs)
        • Mutual funds
        • ETFs and stocks

        Fidelity Investments Near You:

        Fidelity does not offer any physical branches.

        Fidelity Investments Contact Information:

        For more details on Fidelity CD interest rates or other inquiries, customers can reach Fidelity via their official website, customer service hotline, or live chat. Dedicated support is available for seamless investment experiences.

        See More CD Rates by Term & Type

        Compare the best rates for various CD terms and types:

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        Home » Certificate of Deposit » CD Bank Reviews » CD – Fidelity Review

        Fidelity Investment Certificate of Deposit FAQ

        Are Fidelity CDs FDIC-Insured?

        Fidelity CDs are indeed FDIC-insured, offering up to $250,000 in insurance coverage per account owner, per institution. This protection safeguards depositors against bank failure, ensuring the recovery of funds within the coverage limit. Checking the FDIC’s online database can verify the insurance coverage for Fidelity CDs.

        Is it safe to buy CD Fidelity?

        It is absolutely safe to purchase a CD from Fidelity. As a reputable and well-established financial institution, Fidelity ensures the safety of your investment. Additionally, Fidelity CDs are FDIC-insured for up to $250,000 per depositor. However, it is crucial to carefully review the terms and conditions before making any investment decisions.

        What Is the Minimum Deposit for Fidelity CDs?

        To open a Fidelity CD, you’ll need a minimum deposit of $1,000. Fidelity offers flexible terms ranging from 3 months to 10 years, and the CD rates may vary based on the term and deposit amount. It’s wise to compare rates with other institutions before making a decision.

        Fidelity also offers “fractional” shares starting at $100.

        Conclusion of Fidelity Investment CD Rates:

        Fidelity CDs are a compelling option for investors aiming for secure, steady returns. Though the platform’s lack of physical branches may be a drawback for some, the competitive Fidelity CD interest rates, broad selection, and robust customer support make Fidelity’s CDs a noteworthy consideration for building a solid investment portfolio.

        As always, potential investors should consider their financial situation and consult with a financial advisor before making investment decisions.

        *National Savings Rate Average as published by FDIC