Talk of The Villages Florida - View Single Post - Financial question: delaying taxes on interest earned
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Old 04-24-2023, 09:21 AM
john352 john352 is offline
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Quote:
Originally Posted by retiredguy123 View Post
You can earn as much as 5.1 percent on a Fidelity brokered CD. But, the taxes on the interest must be paid annually, even for a multi-year CD. Go to Fidelity.com to view the available CDs.

My Vanguard money market account is currently paying 4.78 percent interest.
I purchased CDs in the Fidelity IRA account and therefore avoid paying taxes on the CD interest.