Are you interested in buying CDs from Fidelity but are confused about how you can actually do it? In that case, there is no need to worry as we are here to help you out.
CDs are fixed-income investments that typically pay a set rate of interest for a predetermined amount of time.
When a person wants to increase the return on their investment without taking on the risk associated with stocks and bonds, certificates of deposit offer a stable choice.
In this article, we will be going thoroughly over the entire process through which you can easily buy CDs from Fidelity while sitting comfortably in your home.
How To Buy Certificates of Deposits(CDs) On Fidelity?
To buy Certificates of Deposits (CDs) on Fidelity, you need to log into your Fidelity account, select ‘Fixed Income, Bonds and CDs’ under the ‘News and Research’ section, choose the desired CD under ‘New Issues CDs by Top Rates’, then ‘Buy’, review, and place your order.
Make sure to follow the steps below with precision so that you can buy your CDs with ease.
Detailed Steps To Buy Certificates of Deposits(CDs) On Fidelity:
- Start by Opening the Fidelity Website: Log into your Fidelity account. If you don’t have one, you’ll need to create one first.
- Navigate to News and Research: Find the upper tab on the homepage and click on the ‘News and Research‘ section.
- Select Fixed Income, Bonds and CDs: A drop-down menu will appear. From the options available, select ‘Fixed income, Bonds and CDs‘.
- Choose CDs and Ladders: On the following page, select ‘CDs and Ladders‘ to proceed.
- Find New Issues CDs by Top Rates: Scroll down to the section titled ‘New Issues CDs by Top Rates‘. This is where you can find the latest CD options.
- Choose the Length of CD: Click on the desired length for your CD. This could range from short-term (e.g., 3 or 6 months) to long-term options (e.g., 5 years or more).
- Make a Purchase: Next to the CD you want, click on ‘Buy‘.
- Enter Your Details: Review the CD details on the next page, enter your account information, and specify the quantity of CDs you wish to purchase.
- Preview Your Order: Click on ‘Preview order‘ to ensure all the information you’ve provided is correct.
- Place Your Order: If everything looks good, click on ‘Place Order‘. If you want to make any changes, click ‘Edit‘, make the required adjustments, and then click on ‘Place Order’.
- Confirm Your Order: Finally, you’ll see the order confirmation page on your screen. Make sure to save or note down any relevant information.
And that’s it! You’ve successfully purchased a Certificate of Deposit on Fidelity.
Remember that CDs are a low-risk investment option that typically offer higher interest rates than savings accounts, making them a great choice for secure, long-term saving.
Make sure to check every detail on your page before you place the order though, just to be cautious and you are good to go.
