Fidelity brokerage CD vs BANK CD?

Dec 28, 2018 3 Comments

Hi All,

Can someone please help me understand what is the diff between these two? I was confused on the APY ? It said that APY is subject to change. If that is the case do we get fix percentage?

I am thinking to put my saved/emergency fund money into it instead of keeping in bank?

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TOP 3 Comments
  • OP
    Thanks but what I am confused is the rate. So Today I saw for 1 year the rate, bank of China one is giving is 2.7 %.

    So If I choose that then does it assures by END of one year I will get 2.7% APY IRRESPECTIVE of the market condition including the recession?
    Dec 29, 2018 1
    • Salesforce Pdkrhhx
      Yes, if it is a fixed rate CD.
      Dec 29, 2018
  • Salesforce Pdkrhhx
    ?, fidelity is just a middle man for bank CDs. They offer a bunch of new offer CDs from various banks. They also offer CDs direct from fidelity. Look at name of CD for which is which. Just go for highest interest rate on an insured institution and you should be good.
    Dec 28, 2018 0

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