CDs Available Through Fidelity Brokerage

Many people like to have all their investments summarized on a single, monthly statement. Also, they don't want to open accounts at numerous banks all over town so they stay under the current $250,000 FDIC and NCUA limits. For a small fee, usually a fraction of a percent of the interest you are paid, brokers like Fidelity and Schwab will buy CDs for you and track them in your monthly statement.

Here is an example of CDs, rates and terms currently available at Fidelity.

Name             Rate Frequency  Maturity   CP
FirstBank PR     .25%  Monthly  10/22/2009 Yes**
Bank of America  .60%  Maturity 04/22/2010 Yes**
GE Capital Fin.  .90%  Maturity 07/16/2010 Yes**
Barclays Bank   1.35%  Semi     01/24/2011 Yes**
Discover Bank   1.60%  Semi     07/22/2011 Yes**
Katahdin Trust  3.05%  Monthly  07/24/2014 Yes**

**CP = Call Protected: "Yes" means the CD is not callable. Call Protected "No" means the CD is callable.

Banks often offer better rates if you deal directly with them since they will have an opportunity to sell you another CD when your CD with a special rate matures. For example, the 2-year CD from Discover Bank only pays 0.90%. Go directly to Discover Bank and you can get 2.50%!

• Discover Bank CD Rates
  

Also note the 1-YR CD only pays 0.90%. By going direct, you can get over 2.0% APY for a 1-yr CD at several banks:

• New Dominion Direct Bank 1-YR CD currently @ 2.26%
  
• Ally Bank 1-YR CD currently @ 2.25%

Credit Unions are also worth checking. One of our favorites:

• Pentagon Federal CU 1-YR CD currently @ 2.00%