Quote:
Originally Posted by Paper1
In today's Sun I see an advertisement by Edward Jones offering 12 month CD's with a rate of 4.65%. Is anyone on the forum familiar with this offering and how they can offer so much more than a bank. Thank you in advance.
|
OP, you need to shop around. That is not a great rate. Fidelity Investments is offering 12 month CDs that are paying 4.7 percent and 24 month CDs paying 4.9 percent. They are new issue FDIC insured, non-callable, bank CDs. No fees at all. If you open a Fidelity brokerage account, they will buy the CDs and manage them in your account. And, they have an office in Lake Sumter. Stay away from local banks for CDs.