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Fidelity's customer service reviews are poor on Trustpilot, but its app is rated 4.8 out of 5. It is a legitimate, SIPC-member broker, and its brokered CDs are FDIC insured through the issuing banks. On the morning of October 12, 2026, its best new-issue CD yields were 4.15% for 3 months, 4.60% for 1 year, 5.05% for 2 years and 5.45% for 5 years, with no fee on new issues and fractional CDs from $100. The tradeoff is that you cannot cash a brokered CD in early with the bank; you sell it on the secondary market, where the price can be below what you paid, and some high-yield CDs are callable.
- Top new-issue CD yields
- 3 months 4.15%, 6 months 4.30%, 9 months 4.50%, 1 year 4.60%, 2 years 5.05%, 3 years 5.15%, 5 years 5.45%, 10 years 5.50% (highest yields, 9:33 AM ET, October 12, 2026)1
- Median new-issue yields
- 3 months 4.05%, 1 year 4.50%, 2 years 4.90%, 5 years 5.15% (October 12, 2026)1
- Minimums
- $1,000 for most new-issue CDs; some fractional CDs from $100 in $100 increments2
- Fees
- No trading fee on new-issue CDs; $1 per CD ($1,000 par) to buy or sell on the secondary market; $19.95 minimum markup if a Fidelity representative places the trade2
- Selection
- Typically 50 to 100 new-issue offerings and up to 2,000 secondary offerings; maturities from 3 months to 20 years2
- Insurance
- FDIC insured up to $250,000 per account owner, per issuing bank; coverage is par plus accrued interest, so any premium paid above par on a secondary CD is not covered2
- Broker
- Fidelity Brokerage Services LLC, member NYSE and SIPC, Smithfield, RI; FINRA CRD 77843
- Account needed
- A Fidelity brokerage account or IRA; interest is paid to your core cash position2
Pros
- No fee on new-issue CDs, and fractional CDs from $100
- Choice of 50 to 100 new issues from many banks, from 3 months to 20 years
- FDIC coverage per issuing bank lets you insure more than $250,000 in one account
- Auto Roll and CD ladder tools for reinvesting at maturity
- Can hold CDs in an IRA alongside other investments
Cons
- No early withdrawal at the bank; selling early can mean a loss if rates rise
- Secondary market can be thin, and premiums above par are not FDIC insured
- Some of the highest yields are callable CDs that can be redeemed early
- Rates change daily, so a quoted rate may be gone tomorrow
- Poor Trustpilot service reviews: 1.3 out of 5
Best for: Savers and investors who want to ladder FDIC-insured CDs from many banks in one Fidelity account or IRA and plan to hold to maturity.
Skip it if: You may need the money before the CD matures and want a fixed, known penalty instead of a market price.
Fidelity vs. competitors
| Company | New-issue fee | Minimum | Secondary trade fee | Top 1-year yield shown | Top 2-year yield shown |
|---|---|---|---|---|---|
| Fidelity | $0 | $1,000, or $100 for fractional CDs | $1 per CD | 4.60% | 5.05% |
| Charles Schwab | Selling concession built into the price | Not published on Schwab's CD page | $1 per bond, $10 minimum, $250 maximum | 4.65% APY | 5.05% APY |
| Vanguard | $0 | $1,000 | $1 per $1,000 CD, $250 maximum | Not published without login | Not published without login |
Fidelity pricing at a glance
Fidelity new-issue CD yields, 9:33 AM ET, October 12, 20261
| Term | Highest yield | Median yield |
|---|---|---|
| 3 months | 4.15% | 4.05% |
| 6 months | 4.30% | 4.25% |
| 9 months | 4.50% | 4.40% |
| 1 year | 4.60% | 4.50% |
| 2 years | 5.05% | 4.90% |
| 3 years | 5.15% | 5.00% |
| 5 years | 5.45% | 5.15% |
| 10 years | 5.50% | 5.50% |
Yields change during the day and may be delayed up to 15 minutes. The highest yields can belong to callable CDs. New issues are sold at par with no trading fee; secondary CDs cost $1 per $1,000 CD and can be priced above or below par.
Fidelity, step by step
Open or use a Fidelity account
You need a Fidelity brokerage account or IRA; brokered CDs are held there, not at the bank.
Search new issues
Filter new-issue CDs by term, yield and call protection. Check the issuing bank, the call schedule and how often interest is paid.
Place the order
New issues are bought at par with no fee, usually in $1,000 units; some fractional CDs start at $100.
Collect interest
Interest is simple interest paid to your core cash position on the CD's schedule.
At maturity or before
Principal returns to your core position, or the Auto Roll Program reinvests it. To exit early, you sell on the secondary market for $1 per CD, at whatever price the market offers.
Fidelity CD rates today
Fidelity’s fixed income page showed these highest new-issue CD yields at 9:33 AM ET on October 12, 2026: 4.15% for 3 months, 4.30% for 6 months, 4.50% for 9 months, 4.60% for 1 year, 5.05% for 2 years, 5.15% for 3 years, 5.45% for 5 years and 5.50% for 10 years. Median yields were a little lower, for example 4.50% for 1 year and 4.90% for 2 years.
For new-issue CDs bought at par, the interest rate equals the APY. Rates move during the day, so check the live table before you buy. The highest yield in a term can belong to a callable CD, which the bank can pay off early, usually when rates fall.
Are Fidelity CDs legit and safe?
Yes. Fidelity Brokerage Services LLC is a FINRA-registered broker (CRD 7784) and a member of NYSE and SIPC. The CDs themselves are issued by banks, and FDIC insurance applies up to $250,000 per account owner, per issuing bank. Because you can buy CDs from many banks, you can insure more than $250,000 in one account. Fidelity also sells credit union share certificates, which are insured by the NCUA instead.
Two limits on that protection: FDIC coverage is par value plus accrued interest, so any premium you pay above par for a secondary CD is not covered, and money you already hold at the same bank counts toward the same $250,000 limit. You can check any issuing bank on FDIC BankFind.
How brokered CDs at Fidelity work
A brokered CD is a bank CD sold through a brokerage. Fidelity typically shows 50 to 100 new issues and up to 2,000 secondary offerings. New issues are sold at par, usually $1,000 per CD, with no trading fee; some are fractional CDs you can buy in $100 steps. Interest is simple interest paid into your core cash position, and you can use the Auto Roll Program to reinvest at maturity or build a ladder.
The big difference from a bank CD is getting out early. You do not pay a bank penalty; instead you sell the CD on the secondary market for $1 per CD plus a markdown, and the price depends on rates. If rates have risen since you bought, you may get back less than you paid. Fidelity says it makes a market in the CDs it offers but may not always do so.
What customers say about Fidelity
Recurring themes across the review sites and complaint records listed above, not individual quotes.
Common praise
- No fee on new-issue CDs and fractional CDs from $100
- Many banks and terms in one account, which makes laddering simple
- Highly rated mobile app
- Helpful individual representatives on retirement questions
Common complaints
- Long phone holds and transfers between departments
- Accounts restricted during verification without clear explanations
- Slow transfers and access to funds
- Staff answers that vary from one representative to the next
Fidelity CD fees and minimums
New-issue CDs: no trading fee, $1,000 minimum for most, $100 for fractional CDs. Secondary CDs: $1 per CD ($1,000 par) to buy or sell online, and the price can be above or below par. Trades placed with a Fidelity representative carry a minimum $19.95 markup or markdown.
Fidelity complaints and regulatory record
Fidelity Investments has an A+ BBB rating but is not accredited, and 1,342 complaints were filed with the BBB in the last three years. Trustpilot shows 1.3 out of 5 from 1,175 reviews, with 88% one star; the recurring themes are long holds, restricted accounts and slow transfers. The Fidelity app is rated 4.8 out of 5 from about 3.35 million App Store ratings.
FINRA BrokerCheck lists 24 regulatory events and 130 arbitration disclosures for Fidelity Brokerage Services over its history. In October 2023, FINRA fined the firm $900,000 over how it approved customers for options trading. None of these actions concerned its CD offerings. Brokerage complaints go to FINRA or the SEC.
Fidelity CDs vs a bank CD
Pick a Fidelity brokered CD if you want to compare many banks at once, hold CDs in an IRA next to other investments, or spread more than $250,000 across banks. Pick a bank CD if you might need the money early: a bank CD has a set early withdrawal penalty, while a brokered CD must be sold at a market price that can be higher or lower. Brokered CDs pay simple interest to your cash account.
Alternatives to Fidelity
- Charles Schwab CD OneSource Worth checking if you already bank or invest at Schwab; its posted rates were close to Fidelity's on the same day. Read review
- A bank CD bought directly Better if you may need the money early and prefer a known early withdrawal penalty over selling at a market price. Read review
- Treasury bills through TreasuryDirect or Fidelity A public option backed by the U.S. government, with interest free of state and local income tax; Fidelity listed 1-year Treasuries at up to 4.57% the same morning.
Fidelity reviews
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Frequently asked questions
What are Fidelity's CD rates today?
On the morning of October 12, 2026, Fidelity's highest new-issue CD yields were 4.15% for 3 months, 4.60% for 1 year, 5.05% for 2 years and 5.45% for 5 years. Rates change daily, so check Fidelity's live table before buying.
Are Fidelity CDs FDIC insured?
Yes. The issuing bank's FDIC insurance covers up to $250,000 per account owner, per bank. Coverage is par value plus accrued interest, so a premium paid above par on a secondary CD is not insured. Credit union certificates are NCUA insured instead.
What is the minimum to buy a CD at Fidelity?
Most new-issue CDs sell in $1,000 units. Some fractional CDs can be bought in minimums and increments of $100.
Does Fidelity charge a fee to buy CDs?
No trading fee for new-issue CDs bought online. Secondary market CDs cost $1 per CD to buy or sell, and trades placed by a representative carry a $19.95 minimum markup.
Can I withdraw a Fidelity CD early?
Not from the bank. You sell it on the secondary market instead, which costs $1 per CD and may bring back more or less than you paid depending on interest rates. Liquidity can be limited for some CDs.
What is a brokered CD?
A CD issued by a bank but sold through a brokerage like Fidelity. It pays a fixed rate and is FDIC insured like a bank CD, but it trades on a secondary market and usually pays simple interest.
What is a callable CD?
A CD the issuing bank can redeem before maturity on set call dates. Callable CDs often show higher yields, but if the bank calls yours, usually when rates fall, you lose the remaining interest and must reinvest at lower rates.
How is CD interest paid at Fidelity?
Brokered CDs pay simple interest into your core cash position on the CD's payment schedule. Interest is taxable each year in a regular account.
Are Fidelity CD rates better than bank CD rates?
Often competitive. On October 12, 2026, Fidelity's top 1-year new issue was 4.60% and Schwab's posted 1-year rate was up to 4.65% APY. Compare with online bank CDs and Treasury bills before you buy.
Is Fidelity a safe company?
Fidelity has operated since 1946, and its brokerage is FINRA registered and a SIPC member. It has had FINRA fines, including $900,000 in 2023 over options approvals, and its customer service reviews are weak, but your CDs are protected by FDIC insurance at the issuing banks.
Sources (10)
Facts on this page come from company websites, government agencies and regulators, checked on the dates shown. Editorial standards
- Fidelity: Bonds and CDs yield table (fixedincome.fidelity.com) (accessed October 12, 2026)
- Fidelity: Certificates of deposit (brokered CDs) (accessed October 12, 2026)
- FINRA BrokerCheck: Fidelity Brokerage Services LLC (accessed October 12, 2026)
- BBB: Fidelity Investments business profile (accessed October 12, 2026)
- Trustpilot: Fidelity Investments reviews (accessed October 12, 2026)
- Apple App Store: Fidelity Investments (accessed October 12, 2026)
- Finance Magnates: FINRA fines Fidelity $900,000 over options account approvals (accessed October 12, 2026)
- Charles Schwab: CDs (accessed October 12, 2026)
- Charles Schwab: Pricing (accessed October 12, 2026)
- Vanguard: Brokered CDs (accessed October 12, 2026)
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