Fact checked by Kirsten Rohrs Schmitt
Reviewed by Somer Anderson

The EU is one of America’s largest trading partners, accounting for $555 billion in goods traded in 2024. The U.S. exported $341.9 billion worth of goods from the EU. Imports from the EU amounted to $555.6 billion, making the trade deficit $213.6 billion, one of the highest ever on record, according to the U.S. Census Bureau.

Trade relations between the United States and the European Union (EU) hit a bit of a rough patch when President Donald Trump imposed tariffs during his first term on many goods made in Eurozone countries. Numerous other political moves have affected U.S./EU trade over the years, however.

Key Takeaways

• The European Union (EU) is one of the largest and most important trading partners with the United States.
• The U.S. is the EU’s largest trading partner.
• Germany and the Netherlands are the largest importers of American products in Europe.
• Tariffs and protectionism can lead to harmful trade spats despite the large volume of trade between the two regions.

Example of U.S./EU Trade

Trade relations between otherwise friendly regions can take a turn for the worse if a nation feels that a key industry is threatened by unfair practices abroad.

The first Trump administration proposed additional duties on EU exports that were worth $11 billion in retaliation for a bloc granting aircraft manufacturer Airbus (EADSY) what they viewed to be illegal subsidies. The World Trade Organization (WTO) ended up ruling that the subsidies hurt the U.S. by causing an Airbus rival, Boeing Co. (BA), to lose sales in an uncompetitive manner.

The WTO also ruled that the EU failed to comply with its rulings, paving the way for the U.S. to impose countermeasures. The U.S. was awarded $7.5 billion as compensation in 2019.

The EU was then authorized in 2020 to impose tariffs of $4 billion due to illegal subsidies granted by the U.S. government to Boeing. The list of EU products covered by additional duties included aircraft, helicopters, and fuselages from France, Germany, Spain, and the United Kingdom as well as a variety of non-airline-related items such as cheeses, fruits, jams, wines, and yarns from any of the 28 member states of the Eurozone.

This airline example proved disruptive to the larger context of international trade between the U.S. and the EU. The Biden administration sought to undo many of the tariffs imposed by President Trump. A deal was reached in October 2021 to roll back several of the tariffs on European aluminum and steel.

Top Imports and Exports

The U.S. was the top importer of pharmaceutical and medicinal products from the EU in 2023, representing 33.2% of their exports at €92 billion.

Manufactured goods to the U.S. including machinery but not electrical and computer equipment represented 89% of the EU’s exports in 2023.

Motor vehicle-related imports were equal to $27 billion in 2022 and accounted for around 10% of all goods imported from the EU. This category includes cars, motor vehicle bodies, trailers, and car parts.

Important

Trade between the U.S. and EU dipped in 2020 compared to previous years due to the COVID-19 pandemic which affected international trade around the world.

The largest U.S. exports to the EU in 2022 were mineral fuels and oils at $108.94 billion, machinery including nuclear reactors at $50.13 billion, and pharmaceutical products valued at $37.89 billion.

What Does the World Trade Organization Do?

The World Trade Organization (WTO) monitors and manages trade between nations. These countries negotiate agreements with the WTO and the agreements are binding when signed. The WTO says that its goal is to “improve people’s living standards, create better jobs, and promote sustainable development.”

What Country Does the U.S. Trade With Most?

Mexico was the top U.S. trading partner in November 2024 followed by Canada, China, Germany, then Japan.

How Did COVID-19 Affect International Trade?

One study reported that the number of cargo ships departing their ports of origin decreased by 29% from 2019 through April 2020. Another study pointed out that only 22% of manufacturing jobs could be performed from home.

The Bottom Line

The EU and U.S. have an intimate relationship when it comes to trade. The EU is one of the largest American trading partners and the U.S. is the EU’s largest trading partner. Tariffs, legislation, and other measures of protectionism have affected the balance since 2010, however. Trade also dropped in 2020 due to the COVID-19 pandemic.

The EU’s imports and exports with the United States both increased between January 2022 and December 2023, however.

Reviewed by Julius Mansa
Fact checked by Suzanne Kvilhaug

What does it mean to “invest” in the Iraqi dinar? In simple terms, it’s the same as investing in any other currency. You purchase a certain amount of Iraqi dinar (IQD) by paying the respective amount of U.S. dollars (USD).

As with buying stocks, bonds, or other currency, when you invest in dinar, you purchase it at a given price and expect the price to rise. The real question, though, is not can you invest in this particular currency, but should you? While Iraqi dinars could be useful to those living in or near Iraq, there are many reasons to avoid this currency.

Key Takeaways

• The Iraqi dinar is the currency of Iraq; like any other currency, it can be exchanged for U.S. dollars.
• Hopes that Iraq’s economy can recover from civil and regional wars have led to some speculation that the Iraqi dinar can increase in value against the dollar.
• Major banks and brokers do not offer trading of the IQD/USD pair, and transactions are placed through money exchanges, with hefty fees.
• The value of the Iraqi dinar is set by the Iraqi government.
• Iraq’s currency faces many challenges and considerable uncertainty in both the short and long terms.

Understanding the Iraqi Dinar

Following the 1991 Persian Gulf War, the economy of Iraq suffered under the weight of United Nations sanctions and widespread government corruption. As the government of Saddam Hussein struggled to contain inflation and speculation, the Iraqi dinar fell from its prewar government-set rate of $3 to less than a penny in 1993. By 1994, the inflation rate reached more than 448%.

When the U.S.-led coalition overthrew the Iraqi government in 2003, the old dinars continued to circulate until the interim government launched a new currency the following year. New dinar notes were printed in the United Kingdom and exchanged at par value for Saddam dinars.

The fact that several global powers supported the new government raised hopes that the Iraqi economy would soon turn for the better, especially after the economic isolation that the country suffered through the 1990s. By 2007, the International Monetary Fund (IMF) praised the Iraqi government’s anti-inflation measures, noting that “the Central Bank of Iraq raised its policy interest rates sharply and allowed a gradual appreciation of the dinar.”

As the Iraqi economy began to recover, many speculators began to buy large amounts of Iraqi dinars, expecting the currency to continue to rise. Some pointed to the rise of the Kuwaiti dinar after the Gulf War as evidence that the Iraqi dinar could experience similar success. At the same time, several U.S. regulators warned of scammers selling dinar “investments” for inflated rates and fees.

In late 2020, facing a significant liquidity shortfall exacerbated by plummeting oil prices and the economic impact of the coronavirus pandemic, the Iraqi government announced a devaluation of more than 20% of the Iraqi dinar. The measure resulted in public protests in the already struggling nation.

In January 2024, Iraq banned cash withdrawals and transactions in U.S. dollars. The goals were to reduce misuse of its hard currency reserves in financial crimes and the evasion of U.S. sanctions on Iran, according to a Central Bank of Iraq official, as well as to deemphasize the U.S. dollar that was preferred over the Iraqi dinar in the Iraqi economy.

Advantages and Disadvantages of Investing in the Iraqi Dinar

There are reasons to be optimistic about the future of the Iraqi economy. In 2023 (the latest data available), the country had 11.7% of the world’s oil reserves, providing a strong foundation to rebound and follow the path of its many Middle Eastern counterparts by establishing itself as a stable and developing economy. While this scenario is not unrealistic, it will require significant political reforms to improve the business climate and establish investor confidence.

It is also worth noting that buying dinars is not the best way to bet on Iraq’s economic revival. The Iraqi dinar does not float freely; the exchange rate is fixed by the central bank, meaning that the currency is unlikely to experience rapid appreciation, even if Iraq’s economy does gain traction. In contrast, a more traditional investment vehicle—like Iraqi stocks—could offer returns even if the dinar’s value remains unchanged.

Moreover, legitimate currency trading volume is extremely low. The IQD is not traded on the global forex market, and only a handful of Middle Eastern banks are willing to trade in it. If you want to acquire Iraqi dinars, you can buy them only at select money exchangers, who may or may not be legally registered. These brokers may charge fees of up to 20% for such transactions, significantly eroding the profit potential.

The largest concern, however, is the number of scams and frauds concerning the Iraqi dinar. U.S. state regulators have been warning since as far back as 2011 about currency “brokers” who promise high returns while charging hefty fees for hard-to-sell dinars. This scam proved particularly popular after the 2016 elections, amid rumors that then-President Donald Trump would somehow cause the Iraqi currency to soar. (In January 2016, the dinar was trading at about 1,090 dinars per US$1.)

Pros

• Iraq has major oil reserves that could support economic growth.

• For those living or working in Iraq, or doing business in the country, buying dinars could be a viable investment.

Cons

• The IQD has very little true trading volume.

• The IQD exchange rate is fixed by the Central Bank of Iraq, and the currency does not freely float on the market.

• Scammers continue to offer overpriced IQD “investment packages” to speculators abroad.

• The IQD does not trade on global forex markets, meaning that the only way to buy it is through high-fee money exchanges or certain banks in the Middle East.

How Much Is the Iraqi Dinar Worth?

One U.S. dollar (USD) was worth 1,309 Iraqi dinars (IQD) as of Jan. 31, 2025.

Who Sets the IQD Exchange Rate?

The value of the Iraqi dinar is fixed by the Iraqi government and stays constant, until the next time the central bank decides to change it. This means that the government decrees the price for sale and purchase of the currency.

Where Is the Iraqi Dinar Traded?

The Iraqi dinar does not trade on the global forex market. This means that the only way to acquire dinars for investment purposes is through high-fee money changers or the black market.

The Bottom Line

How Iraq, its economy, and hence the forex rate, develop over the long term is a continuing, uncertain bet. If you hold Iraqi dinars and do not live in or near the Middle East, the currency is difficult to trade and cannot earn interest. Although it is possible that the dinar could rise in the distant future, there are many other investments with lower risks and possibly higher rewards. When Iraq’s very survival is at stake, currency revaluation is unlikely to be on the agenda.

In addition, trading forex currencies is always risky, as external factors at international levels are difficult to control or predict. Unless they are trading on regulated markets or through regulated agents, traders and investors should exercise extreme caution when trading exotic currencies like the Iraqi dinar.

Learn how and how often to check your financial health

Your control over your finances defines your financial health, the means to work toward your financial goals, your ability to handle a financial surprise, and the freedom to enjoy your life.

To measure the state of your financial life, you can ask yourself several key questions each year.

Key Takeaways

• Financial health or fitness is, in part, a measure of your ability to meet your financial obligations.
• Your financial health is also your ability to secure your financial future and to fund choices that allow you to enjoy life.
• Conducting an assessment at least yearly can help you stay on top of your financial well-being.
• Setting a budget, reducing debt, and saving for emergencies and retirement can improve your financial health.

What Is Financial Health?

The Consumer Financial Protection Bureau (CFPB) breaks financial health down into four elements:

• Your control over your current finances
• Your ability to handle an unexpected expense
• Your freedom to make financial choices that allow you to enjoy life
• Your progress on your financial goals for the future

What Should Be Part of a Financial Health Check-Up?

When conducting a thorough financial check-up, you can:

• Assess your financial goals
• Evaluate your budget
• Check on your emergency fund, retirement savings, and any other investments
• Review your debt levels
• Check your credit score and credit report
• Review your insurance coverage and taxes
• Establish and update your estate plan

How Frequently Should Financial Health Check-Ups Occur?

For many people, an annual financial check-up is a good place to start. The first of the year is a good time to review your finances and make plans for the year ahead. It can also be helpful to assess how major life events, such as a new job, a home purchase, marriage, divorce, the birth of a child, or a death in the family, impact your financial health.

How Can Consumers Improve Their Financial Health?

Over the past year, financial well-being in the United States has declined. In 2023, 38% of families reported difficulty paying bills, which jumped to 43% in 2024, according to the CFPB.

While many people are grappling with financial challenges exacerbated by inflation’s effects, several steps can still be taken to improve their financial health.

• Budgeting: Create a budget to manage your discretionary and non-discretionary spending. Can you cut back on unnecessary spending like subscriptions and streaming services? Whatever your income level, living below your means is essential to establishing financial resilience.
• Debt management: How much debt do you have? What steps can you take to reduce it?
• Saving: Do you have an emergency fund and long-term savings? Can you automate savings contributions to help you stay on track?
• Investing: Are you investing money in retirement accounts, such as an IRA or 401(k)? Are you taking advantage of employer-matching contributions?

The Bottom Line

Strong financial health typically means you have a steady flow of income, solid savings, and the ability to spend money on the things and experiences that make you happy. Regularly checking in on your finances ensures you have a clear picture of your financial health. If you are concerned about your financial well-being, turn to the several ways you can build a stronger path to your financial future.

A wide savings gap exists between men and women

Reviewed by Ebony Howard

A gender gap persists in retirement savings. Women with caregiver roles often experience career gaps which means lower savings, lifetime wages, and Social Security. A 2024 survey by the National Council on Aging and Women’s Institute for a Secure Retirement revealed less than half of surveyed women over age 25 have retirement savings.

This gap may be traced to the gender pay gap. Women have historically earned less than men so women may need to work longer before they can retire.

Key Takeaways

• Women typically have less money saved for retirement than men.
• Due to caregiver roles, women may experience career gaps, meaning lower savings, lifetime wages, and Social Security.
• Improving access to financial education will help improve savings across genders.

Savings: Men vs. Women

In 2024, women surveyed by the National Council on Aging considered themselves less financially secure and unsure of how to plan and save for retirement than in 2023. According to Prudential, 55-year-olds surveyed in the United States hold less than $50K in median retirement savings in 2024 and 67% believe they will outlive their savings. Additionally, women have less than one-third of the median savings of men and are more likely to delay retirement due to caregiving duties.

With data compiled in late 2022, the Transamerica Center for Retirement Studies saw the following trends based on generation and gender:

Important

The Equal Pay Act of 1963 prohibited employers from paying different wages to men and women performing the same job.

Reduced Earnings

On average, women earn 84 cents for every dollar earned, a ratio that has remained unchanged for almost twenty years. This gap widens for women of color and women with disabilities, who earn even less compared to their male counterparts.

Lower earnings result in reduced savings for retirement. Women often experience employment breaks due to maternity leave or caring for family members, which affects their Social Security benefits and contributes to a smaller net worth. A woman’s net worth is an average of $5,541, significantly less than a man’s average net worth of $12,188.

In 2022, the average monthly Social Security benefit for retirees, disabled workers, and aged widows/widowers was approximately $1,788, totaling around $21,455 annually. Comparatively, in 2022, men received an average monthly Social Security payment of $1,838, while women received $1,484.

$45,300

Taking three months of parental leave can reduce lifetime Social Security retirement benefits by approximately 3 to 4 percent per leave. Leave-taking parents lose about $15,100 in lifetime retirement benefits for each three months of leave, equal to $45,300 for three children.

Reasons for a Savings Gap

• Women often prioritize different financial goals than men, such as emergency funds, debt repayment, and child support, impacting their capacity to save for retirement.
• Women’s access to employer-sponsored retirement plans is generally lower, especially for part-time workers, which disproportionately affects women. This leads to fewer women having the opportunity to contribute to 401(k)s or similar plans.
• Many women are forced to withdraw from their retirement savings prematurely. This reduces the potential for long-term growth of retirement funds.
• Women’s financial literacy trends are lower than men’s in the United States.

Narrowing the Gap

The sooner individuals focus on saving for retirement, the better. For women, the paid Family and Medical Leave Act (FMLA) at the federal level could effect change. While the FMLA offers 12 weeks of unpaid leave, only 13 states and Washington D.C. have enacted mandatory paid family leave systems.

The wage gap may need to be addressed with policy. Iceland serves as a prime example, having implemented a law that mandates companies with 25 or more employees to report that they provide equal pay for men and women. Failure to comply results in daily fines. In 2021, President Joe Biden outlined an ambitious plan to tackle financial disparities between men and women with the White House Council on Gender Equality.

March 12

Equal Pay Day, celebrated each March, highlights the ongoing issue of the gender wage gap. Introduced in 1996 by the National Committee on Pay Equity, it highlights how long into the new year women need to work to match the previous year’s earnings of men, spotlighting the disparity in wages.

How Long Will Retirement Savings Last?

How long retirement savings last depends on living expenses, retirement savings and income, and longevity. The 4% rule suggests that to have enough savings, retirees should plan to withdraw about 4% of their retirement savings annually, in addition to retirement income such as Social Security.

What Is the Average Retirement Savings?

According to Fidelity, the average IRA balance in 2023 was $109,600, an 8% increase from 2022. The average 401(k) balance decreased to $107,700. Fidelity also reports that the average 403(b) account balance was $97,200.

How Do Individuals Save for Retirement?

Individuals can save for retirement by contributing to a tax-advantaged retirement plan or account. If an employer offers a 401(k) plan, contributions can be automatically deducted from an employee’s paycheck. Otherwise, all individuals can contribute to a personal traditional IRA, Roth IRA, or both.

The Bottom Line

Women tend to earn less than men. Lower wages translate to lower net worth and savings, which impact how much money will be available in retirement. Closing the gender wage gap and implementing policy changes could help bolster retirement savings for all people in the U.S.

Fact checked by Michael Rosenston
Reviewed by Michael J Boyle

Santander Bank CD rates, as high as 4.15% for a 6-month personal CD, are better than you may find at many other banks. Still, you may be able to get a better rate from the CDs with the highest yields currently available.

Important

Santander Bank is only available in specific regions, and the APYs listed below use NYC zip code 10001.

Santander Bank Personal CD

Santander Bank Business CD

Compare Santander Bank CD Rates

The rates on certain Santander Bank CD terms are fairly competitive, but you may be able to find higher yields by shopping around. Explore some of the CD rates below and see how they compare to Santander Bank’s rates.

Santander CD Account: Key Features

To open a CD, you’ll need to make an appointment at a Santander branch located in either the Northeast U.S. or Miami, Florida. These products are not offered online. 

Pros and Cons of Santander Bank CDs

Pros

• Competitive rates

• Flexibility with terms

• Low minimum deposit

Cons

• Possibly better rates elsewhere

• Limited availability

Pros Explained

• Competitive rates: Santander Bank offers CDs with rates that are higher than what you can find on many other CDs. You cannot get one online.
• Flexibility with terms: You can find different term lengths for both personal and business CDs, which can meet various needs.
• Low minimum deposit: Santander Bank’s CD’s have a low minimum deposit requirement of $500.

Cons Explained

• Possibly better rates elsewhere: You can earn a decent interest rate with Santander Bank’s CDs, but by shopping around you may be able to secure even higher returns with other CDs or financial products.
• Limited availability: You must visit a branch in person to get a CD with Santander Bank, and its branch network is limited.

About Santander Bank: Other Options

Santander Bank serves millions of customers globally, but the bank only entered the U.S. in 2010 with its acquisition of Sovereign Bank. Despite this, Santander offers a full suite of banking products, including loans, credit cards, and certificates of deposit (CDs) for both consumers and small businesses.   

It may not have locations scattered around the country, but many of its banking products are available no matter where you live. However, it appears that nationwide access is limited to wealth management, corporate banking, and auto finance rather than consumer banking. This means that CDs are only available to those who have local Santander banks rather than throughout the country. 

In terms of customer satisfaction, Santander Bank is underwhelming. In the 2023 J.D. Power Retail Banking Satisfaction survey, Santander ranked 11th out of 17 banks rated in the New York tri-state area.

Alternatives to Santander Bank CDs

• Credit unions: Credit unions are not-for-profit financial institutions that require you to become a member. But they may offer higher rates than local banks. See the best savings account rates available today, many of which are provided by credit unions.
• Online banks: Online banks may offer easier-to-meet deposit requirements to earn higher interest rates. Take a look at the best banks for savings accounts for more information.
• Investment brokerages: You could potentially earn more money by investing with a brokerage, but you’ll also have a higher potential for losses as well. 
• U.S. Treasuries: You may be able to earn more than savings accounts offer with a Treasury bill or bond, but without as much risk as some other investments.
• Certificates of deposit (CDs): If you have a stash of cash you won’t be touching for a while, these timed deposit accounts offered by most banks and credit unions offer a very high potential for return without investing your money. The best CD rates today are similar to the top savings account rates.

Frequently Asked Questions (FAQs)

Are Santander CD Accounts Available in All States?

Santander’s website notes that it provides banking services nationwide, but limits those to auto finance, corporate banking, and wealth management. It doesn’t offer CD accounts outside the Northeast U.S. or Miami, Florida.

Is Santander FDIC-Insured?

Yes, Santander is FDIC-insured. This means if you choose to open a CD with Santander, it’ll receive federal protection up to $250,000 if something goes awry.

Is There an Early Withdrawal Penalty for Santander CD Accounts?

Yes, there is an early withdrawal penalty for any Santander CD account that you open. Penalties vary based on the length of your CD:

• Terms of 1 year or less: 3 months’ interest on the amount withdrawn
• Terms of 1–5 years: 6 months’ interest on the amount withdrawn
• Terms of 5+ years: 12 months’ interest on the amount withdrawn

Can You Ladder CDs at Santander Bank?

Yes, you can ladder CDs at Santander. CD laddering is the practice of opening certificates of deposit with varying maturity dates. The intent is to earn higher interest than you would with a savings account while still keeping your money fairly liquid.

Your Guide to CDs

• What Is a Certificate of Deposit (CD)?
• What Is a Brokered CD?
• What Is a CD Ladder?
• Pros and Cons of CDs
• How to Invest With CDs
• How to Open a CD
• How to Close a CD
• CDs vs. Annuities
• CDs vs. Stocks
• CDs vs. Mutual Funds
• CDs vs. ETFs
• CDs vs. Savings Accounts
• Short-Term vs. Long-Term CDs
• CD Rates News
• Best 1-Year CD Rates
• Best 18-Month CDs
• Best Jumbo CD Rates
• Best 6-Month CD Rates
• Best 3-Month CD Rates
• Best Bank CD Rates

We independently evaluate all recommended products and services. If you click on links we provide, we may receive compensation.

Edward Jones’ brokered CDs offer significantly higher APYs

Fact checked by Michael Rosenston

Edward Jones’ certificates of deposit (CDs) are brokered accounts, meaning it offers CDs from multiple banks. As a result, Edward Jones CD rates can be significantly higher than the national average. Compare its highest CD rate of 4.35% for a 3-month term to other CDs with high interest rates.

Compare Edward Jones CD Rates

As a broker, Edward Jones is able to offer higher APYs than most banks and financial institutions. And while some banks advertise higher rates for select terms, Edward Jones’ CDs have higher than average rates on all term lengths. 

Some banks also have no minimum deposit requirements, but Edward Jones requires you to deposit at least $1,000.

Edward Jones CDs: Key Features

The minimum amount to open an Edward Jones CD is $1,000, and terms range from 3 to 120 months. 

Rates for CDs at Edward Jones can be much higher than you’ll find elsewhere. However, there are some key details you should know before opening an account.

Pros and Cons of Edwards Jones CDs

Pros

• Significantly high CD yields

• Flexible terms

Cons

• CDs are not automatically renewed

• Interest does not compound

• No early withdrawals

Pros Explained

• Significantly high CD yields: Edward Jones CDs offer rates that are significantly higher than the average CD rate, so you can earn greater returns.
• Flexible terms: You can find a wide range of terms with Edward Jones CDs for a variety of investing time lines. Terms range from three to 120 months.

Cons Explained

• CDs are not automatically renewed: With Edward Jones, you have to make a note of the maturity date and come up with a plan on your own. Edward Jones’ CDs are not automatically renewed or rolled over into new CDs—the funds will automatically be credited to your Edward Jones account.
• Interest does not compound: Interest on Edward Jones’ CDs is not compounded. With CDs opened on the primary market, interest is calculated based on the actual number of days the account is open and the annual percentage rate (APY).
• No early withdrawals: Because they are brokered CDs, early withdrawals are not permitted at all. The only exception is in the event of the death of the CD owner or if the owner has been adjudicated incompetent, meaning the owner is declared unfit to manage their affairs.

Warning

The only way to withdraw money from an Edward Jones CD before its maturity date is to sell it on the secondary market. There is no guarantee that the CD will sell, or it may sell for less than the original principal.

How to Invest in Edward Jones CDs

With many banks, you can open a new CD and fund it online in a matter of minutes. However, Edward Jones works differently. To access Edwards Jones’ CDs, you must first choose a financial advisor. To find one, you can:

• Take the quiz: Edward Jones has a brief questionnaire about your current finances and goals. The company uses that information to match you with a suitable financial advisor. 
• Search for local offices: You can use the locator tool to find financial advisors in your area available for in-person appointments or virtual consultations. 
• Search by name: If you already know the name of the person you want to work with, you can search for them.

Once you’ve found an advisor you want to work with:

1. Make an appointment: You will meet with the advisor to discuss your finances and investment options. If you decide to proceed, you’ll fill out paperwork and provide your banking details to open a new CD. 
2. Wait for an update: Your financial advisor will open an account on your behalf, and will provide you with online login details so you can view your account information.

Other Edward Jones Savings Options

Edward Jones has a range of investment and deposit products in addition to its certificates of deposit. It’s other fixed-income investments include municipal bonds, corporate bonds, U.S. Treasuries, and agency bonds.

Its savings accounts include:

• Insured Bank Deposit program
• Flex Funds account
• Income Manager account

About Edward Jones

Edward Jones has been in operation since 1922, and it’s headquartered in St. Louis, Missouri. It operates over 15,000 branch office locations throughout the U.S. and Canada. Customers can open retirement accounts, save for college, and work with a financial advisor to develop wealth management strategies. 

Investors can choose from mutual funds, exchange-traded funds (ETFs), and stocks, but Edward Jones also offers lower-risk options. Edward Jones is not a direct CD provider; instead, it’s a broker that connects investors with CDs from many banks and financial institutions to get the best rates.

Alternatives to Edward Jones CDs

• Credit unions: You must become a member of a credit union, but these not-for-profit financial institutions often offer higher rates on savings accounts than local banks. See the best savings account rates available today, many of which are provided by credit unions.
• Online banks: Online banks may offer easier-to-meet deposit requirements to earn higher interest rates. Take a look at the best banks for savings accounts for more information.
• Investment brokerages: You could potentially earn more money by investing with a brokerage, but you’ll also have a higher potential for losses as well. 
• U.S. Treasuries: You may be able to earn more than savings accounts offer with a Treasury bill or bond, but without as much risk as some other investments.

Edward Jones vs. Schwab vs. Fidelity

Edward Jones, Fidelity, and Charles Schwab are three of the largest full-service financial services companies in the country, and they all offer brokered CDs. How does Edward Jones measure up? We compared the three firms’ CD investment minimums, terms, and rates.

Edward Jones vs. Schwab

Edward Jones and Schwab have the same investment minimum of $1,000, but Edward Jones has more CD term options to choose from. Schwab’s maximum CD term is just 24 months, while Edward Jones has terms as long as 60 months.

Edward Jones vs. Fidelity

Fidelity offers CD terms ranging from 3 to 60 months. Like Edward Jones, Fidelity’s minimum investment is $1,000 for a whole CD, but it also offers fractional CDs for as little as $100.

Frequently Asked Questions (FAQs)

How Do You Open a CD Account at Edward Jones?

Unlike most banks and financial institutions, which allow you to open a new CD online, Edward Jones requires extra steps. 

To open a CD, you must contact a local Edward Jones financial advisor. You will likely need to meet with your Edward Jones advisor in person and complete paperwork in their office before you can open a CD. 

To get started, use Edward Jones’ financial advisor search tool to find an advisor near you.

How Do I Log In to My Edward Jones CD Account?

After you meet with an Edward Jones financial advisor and decide to purchase a CD, the advisor will open the CD for you. They will send you an email with a link and details on how to create an online account. Once you create an account, you can log in at any time at EdwardJones.com/login.

Do Edward Jones CDs Have a Minimum Investment?

To open a new CD through Edward Jones, you must have at least $1,000 available for a minimum deposit.

Are Edward Jones CDs FDIC-Insured?

Yes, CDs opened through Edward Jones are backed by FDIC deposit insurance. Your account is covered up to a maximum of $250,000.

Does Edward Jones Charge Fees to Open a CD?

Edward Jones does charge fees, selling concessions, and commissions for CDs. What you pay depends on Edward Jones’ role in the transaction:

• When Edward Jones acts as the principal: With principal transactions, you are opening a CD through Edward Jones’ own inventory. When Edwards Jones is the principal, it receives a selling concession that is incorporated into the initial offering price. 
• When Edward Jones acts as the agent: If Edward Jones is the agent, the firm facilitates opening a CD with another financial institution or brokerage. When Edward Jones is the agent, you pay the firm a commission for the transaction. 

If you buy or sell secondary CDs, meaning CDs that were previously issued, you may pay a commission as high as 2% of the dollar amount you buy. In all CD transactions, your Edward Jones’ financial advisor will receive a percentage of any commissions, selling concessions, or fees. 

Are Edward Jones CD Rates Competitive?

Typical rates for CDs opened through Edward Jones are generally significantly higher than the national average rate. 

Although Edward Jones offers higher-than-average CD rates, the broker does have some limitations and requirements. Before opening an account with Edward Jones, check out the best CD rates to ensure you’re picking the right CD for your needs. 

Your Guide to CDs

• What Is a Certificate of Deposit (CD)?
• What Is a Brokered CD?
• What Is a CD Ladder?
• Pros and Cons of CDs
• How to Invest With CDs
• How to Open a CD
• How to Close a CD
• CDs vs. Annuities
• CDs vs. Stocks
• CDs vs. Mutual Funds
• CDs vs. ETFs
• CDs vs. Savings Accounts
• Short-Term vs. Long-Term CDs
• CD Rates News
• Best 1-Year CD Rates
• Best 18-Month CDs
• Best Jumbo CD Rates
• Best 6-Month CD Rates
• Best 3-Month CD Rates
• Best Bank CD Rates

We independently evaluate all recommended products and services. If you click on links we provide, we may receive compensation.

Fact checked by Vikki Velasquez
Reviewed by Katie Miller

While bankruptcy filings are public records, they don’t specify a debtor’s race, making it difficult to definitively track bankruptcy rates by racial group. However, researchers have found other ways to compare these disparities. For example, a ProPublica study in 2017 revealed that, on a per-capita basis, residents of predominantly Black ZIP codes filed for bankruptcy more frequently than those in predominantly White Zip Codes. Even more striking were the findings that highlighted significant differences in the types of bankruptcy filed and the success rates of debtors emerging from bankruptcy, depending on race. Other researchers have reported similar findings.

Key Takeaways

• Detailed data on bankruptcy rates by race is unavailable because court filings do not indicate the debtor’s race.
• Data from majority-Black ZIP codes versus majority-White ZIP codes indicate that Black debtors are much more likely than White debtors to file for Chapter 13 bankruptcy.
• The path to success is much more difficult via Chapter 13 than through Chapter 7, and it is also more expensive in terms of legal fees.
• Chapter 13 filers in Black ZIP codes show a much higher failure rate in getting their debts discharged than Chapter 13 filers in White ZIP codes.
• Researchers have several theories to account for these disparities.

What Bankruptcy Researchers Have Found

In place of specific racial data on individual bankruptcy filers, ProPublica compared aggregated data from majority-Black ZIP codes and majority-White non-Hispanic ZIP codes.

Looking at the two most common individual bankruptcy types, Chapter 7 and Chapter 13, ProPublica found that debtors in Black ZIP codes were far more likely than those in White ZIP codes to file under Chapter 13. This is significant because the odds of successfully discharging one’s debts are far lower in a Chapter 13 filing than they are via the easier Chapter 7 path.

In addition, the analysis showed that success rates in emerging from bankruptcy via Chapter 13 varied dramatically between the two sets of ZIP codes, with just 39% filers in Black ZIP codes successfully discharging their debts, compared to a success rate of 58% for filers in White ZIP codes.

A 2023 study found similar results, concluding that, “Black filers are 16 and 3 percentage points more likely to have their bankruptcy cases dismissed without any debt relief in Chapters 13 and 7, respectively.”

Understanding Bankruptcy Filing Types

While there are a number of types of bankruptcy available to individuals, businesses, and government entities, the two most common types for individuals to file are Chapter 7 and Chapter 13.

Chapter 7 bankruptcy (Liquidation)

In a Chapter 7 bankruptcy, often referred to as a “liquidation,” the debtor’s assets, except for certain exempt ones, are sold off by a court-appointed trustee. The trustee then uses that money to pay off the debtor’s creditors, typically for a fraction of what they were owed. After that, the debtor’s remaining debts are discharged, meaning that the debtor is no longer under a legal obligation to repay them. There are, however, certain types of debts that cannot be discharged, including alimony, child support, and tax obligations.

While the rules on exempt property in Chapter 7 vary from state to state, that often includes clothing, home furnishings, the money in retirement accounts, and a certain amount of equity in a home and car.

Chapter 13 Bankruptcy (Reorganization)

In a Chapter 13 bankruptcy, often referred to as a “reorganization” or wage earner’s plan, the debtor is allowed to keep more of their assets but must agree to a court-supervised plan to repay their debts over a three- to five-year period. If they fail to comply with the plan they can be forced into Chapter 7, in which case their assets will be liquidated.

The advantage of Chapter 13 is that it can protect the debtor’s home and other possessions, while under Chapter 7 the debtor may lose their home to foreclosure.

Note

Of the two types of bankruptcy that individuals tend to file, Chapter 7 and Chapter 13, Chapter 7 is simpler and cheaper and relieves a person of their debt burdens much more quickly.

Why Chapter 13 Is More Common in Black ZIP Codes

If one of the primary reasons to choose a Chapter 13 bankruptcy instead of Chapter 7 is to protect one’s home, researchers have questioned why people in majority-Black ZIP codes choose Chapter 13 at a higher rate, given that Black Americans have a lower homeownership rate overall than White Americans.

ProPublica’s analysis concluded that it most likely comes down to the cost of each filing type and when the fees are due. At the time of the study, filing Chapter 7 typically cost about $1,000 in legal fees, and those fees were due upfront or within a few weeks. By contrast, law firms often offered to start a Chapter 13 filing for $0 down. Though the ultimate cost of a Chapter 13 case was $3,000 to $4,000, those bills would come due over the duration of the process, which can stretch out for five years.

Consequently, debtors in majority-Black neighborhoods who couldn’t pull together $1,000 or more to initiate a Chapter 7 proceeding were opting instead for Chapter 13, which they could start for free.

ProPublica also suggested another contributing factor. In some states, unpaid court debt or parking tickets can lead to driver’s license suspensions or revocations and even car impoundments.

As another study, in 2020, noted, “A Chapter 13 filing not only allows consumers to retain assets but also forces the return of assets that have been seized. These assets include physical property, such as cars and homes, and government permits, such as driver’s licenses. These benefits are generally unavailable in Chapter 7.”

The 2020 study looked at bankruptcy filings in Chicago, which had instituted a policy about a decade earlier allowing it to seize the cars and licenses of drivers with large amounts of unpaid traffic or parking fines. The drivers affected by those seizures, the study found, were disproportionately represented in predominantly African American ZIP codes. In addition, the study’s authors wrote, “African Americans are more likely to live in ZIP codes where cars are likely an important means of transportation” for commuting to work or going to the supermarket.

Even in cities without a seizure policy similar to Chicago’s, the authors theorized, the need to maintain access to a car may help account for the disproportionate number of Chapter 13 filings in Black communities.

How Did ProPublica Conduct Its Bankruptcy Study?

ProPublica’s analysis was based on the national bankruptcy dataset from the Administrative Office of the United States Courts, which contained data for all bankruptcy cases filed from 2008 through 2015. ProPublica’s study was limited to consumer cases initiated under either Chapter 7 or Chapter 13 and focused on filings initiated between 2008 and 2010 because that allowed for the inclusion of data on the full five-year process of most Chapter 13 filings.

Can Individuals File for Chapter 11 Bankruptcy?

While Chapter 11 bankruptcy is often in the headlines, it is primarily used by businesses. In some instances individuals will file for Chapter 11 if they don’t qualify for Chapter 13 because their debts exceed the Chapter 13 limits or they don’t have the income to fulfill a Chapter 13 repayment plan.

Can You Keep Your Car if You File for Bankruptcy?

In a Chapter 13 bankruptcy, you can generally keep your car as long as you stay current on your court-supervised repayment plan. In a Chapter 7 bankruptcy, your state may allow you to keep your car or a certain amount of equity in it. If you have a car loan, you may also be able to keep the car if you enter into a reaffirmation agreement with the lender and continue to make payments. Another option, called redemption, allows you to keep the car by paying off the loan in a lump sum.

The Bottom Line

Racial disparities exist between Black and White Americans in terms of their likelihood of filing for bankruptcy, the type of bankruptcy they choose, and their likelihood of having their debts successfully discharged. Researchers believe that the choice of bankruptcy type is driven largely by legal fees as well as by the need to keep a car for work and other purposes.W hile more research is needed, these findings highlight the intersection of race, income inequality, and access to legal and financial resources in the U.S. bankruptcy system.

Fact checked by Vikki Velasquez

Job offer negotiations can be the key to securing better pay, benefits, and career opportunities—but it’s easy to make mistakes that leave money and perks on the table.

From skipping research to overlooking additional benefits, handling negotiations can make all the difference in getting the offer you deserve.

Avoid these seven common negotiating mistakes to maximize your next job offer.

Key Takeaways

• Go into job offer negotiations armed with research and a clear understanding of your market value; use sites like Glassdoor and Indeed.
• Treat negotiations as a partnership—not a standoff—to foster goodwill and cooperation. Remember that employers often expect you to negotiate your salary.
• Your entire compensation package includes more than just salary, so be sure to assess the full offer, including benefits and perks, for its true value for you.

1. Failing to Prepare Thoroughly

Walking into a negotiation unprepared is like walking into a test that you haven’t studied for—you’re setting yourself up to lose.

Start by researching salary benchmarks for your role and industry using tools like Glassdoor or the Occupational Outlook Handbook. Understand what similar positions pay in your region and consider your experience level.

Beyond research, know your bottom line. What’s the lowest offer you’re willing to accept? Professional negotiators call this your reservation value.

Important

Think about your BATNA—your best alternative to a negotiated agreement. Is it perhaps staying at your current job? Pursuing other opportunities? Knowing your options gives you leverage and the confidence to walk away if necessary.

2. Turning Negotiations Into a Competition

Negotiations shouldn’t feel like a battle. A collaborative approach can get you better results and leave both sides feeling positive about the outcome.

Instead of making demands, frame your requests as part of a shared goal: “I’m excited about this opportunity and want to ensure the package works for both of us. Could we explore raising the salary to [this amount]?”

A recent Pew Research study found that two-thirds of people who asked for more money during their last job negotiation ended up with a higher offer. Employers expect negotiations. So, view the process as a chance to work together, not as a win-or-lose scenario.

3. Letting Cognitive Biases Cloud Your Judgment

Cognitive biases are unconscious beliefs or attitudes that can distort your thinking, skew your perspective, and lead to poor decisions.

Overconfidence bias, for example, might make you overplay your hand if you assume that you hold all the power. On the flip side, vividness bias might cause you to fixate on one appealing aspect of the offer—like a high salary—while ignoring potential downsides, such as long hours or minimal benefits.

To stay grounded, list all the factors that matter to you, from work-life balance to retirement contributions, and weigh the full offer.

A balanced view will help you make a decision that supports both your financial and personal goals.

4. Letting Emotions Take Over

Negotiating is a business conversation, not a personal one. But it’s easy to feel emotional—especially when an offer seems too low. Instead of reacting with frustration, take a moment to reassess.

A lowball offer may simply be a starting point, not an insult. Politely ask for what you need: “I was hoping for something closer to $X. Is there flexibility in the budget?”

On the other hand, don’t let excitement cloud your judgment. Even if this is your dream job, it’s still worth advocating for fair pay and benefits. Employers often respect candidates who negotiate, and the worst they can say is no.

Note

People with higher emotional intelligence (EQ) are often more self-aware, which helps them understand how they’re perceived—a valuable skill in negotiations.

5. Overlooking Benefits Beyond Salary

A competitive salary is important, but it’s only one piece of the puzzle. Benefits like health insurance, paid time off, flexible work schedules, and professional development opportunities can significantly impact your quality of life.

Don’t focus solely on the paycheck. Take the time to evaluate the entire package you’ve been presented.

If the salary isn’t negotiable, consider asking for other perks, like a signing bonus, extra vacation days, or a relocation allowance. These additional benefits can add up to significant value over time.

6. Failing to Make a Counteroffer

Accepting the first offer you receive might feel like a safe move, but it could mean leaving money on the table.

Employers often expect candidates to negotiate and may even offer less initially to leave room for adjustments. Politely asking for a bit more—10% to 20% is a common guideline—can result in a better deal.

Even if the employer can’t meet your counteroffer in full, they may still increase the offer or provide other benefits. Asking for more shows confidence and demonstrates that you value your skills and experience.

7. Acting Unethically

Honesty is non-negotiable when it comes to job offers. Misrepresenting your qualifications, inflating past salaries, or fabricating competing offers can damage your reputation.

It could even cost you the job. Employers value integrity; once trust is broken, it’s hard to repair.

Focus on presenting your strengths authentically and backing up your requests with facts. A transparent and ethical approach will build trust and lay the groundwork for a successful professional relationship.

The Bottom Line

Negotiating your job offer is your opportunity to advocate for yourself and ensure that you’re fairly compensated. How you approach the process really matters.

By preparing thoroughly, staying calm and collaborative, and evaluating the full scope of the offer, you can set yourself up for success.

As you navigate the process, remember that a good negotiation leaves both you and your employer feeling confident about the future.

See how EverBank’s CD rates compare to other banks

Fact checked by Hans Daniel Jasperson

If you’re shopping around for a new CD account, choosing one that aligns with your financial situation and offers a generous rate is important—especially if you want to deposit a large sum of money. One option worth considering for a new CD account is EverBank, which offers rates up to 4.00%.

This financial institution offers several CD options suitable for different customers, including a CD that offers expanded FDIC insurance protection of up to $50 million.

Here’s a look at EverBank’s CD rates and account features, as well as some account options from some of the best CDs and tips for choosing the right CD. 

Compare EverBank CD Rates

EverBank’s CDs have fairly decent rates, but you may be able to secure even higher returns by shopping around and comparing different CDs.

EverBank CD Rates: Key Features

The EverBank Standard CD is a straightforward option offering generous APYs and a variety of term lengths. It’s a good option if you want relatively high rates, and its range of maturity dates makes it a good choice for CD laddering as well.

EverBank also offers a CDARS CD, which provides increased FDIC coverage by distributing balances among several FDIC-insured banks. Generally, specific account categories at individual banks are FDIC-insured up to $250,000.

But with this CD, your FDIC insurance increases into the millions. Those with significant savings looking for the added protection of higher FDIC insurance may benefit from this CD.

Important

With EverBank’s CDARS CD, your money will be in multiple accounts with multiple banks. While this isn’t necessarily a cause for concern, it’s important to note as you compare CDs.

Pros and Cons of EverBank

Pros

• Variety of terms

Cons

• Minimum balance requirement

• Non-competitive rates

Pros Explained

• Variety of terms: EverBank CDs come in a variety of terms of up to five years.

Cons Explained

• Minimum balance requirement: EverBank’s CDs have a minimum deposit requirement of $1,000 or $10,000, depending on the CD type.
• Non-competitive rates: EverBank’s CDs have fairly competitive rates, but you can likely find even higher rates by shopping around.

About EverBank

In addition to CDs, EverBank offers a high-yield savings account and a money market account. It also offers business banking and commercial financing.

Alternatives to EverBank CDs

• High-yield savings accounts: If you’re willing to open an online savings account elsewhere, you may be able to earn higher rates. See the best high-yield savings account rates to compare how much you could earn.
• High-yield checking accounts: You may find relatively high rates with some checking accounts. Be aware of their requirements and limits. The best high-interest checking accounts give you easy access to your money.
• Certificates of deposit (CDs): You can also choose from a range of CDs from other financial institutions.
• Money market account: Money market account can also provide a return on your savings. Check the best money market account rates to see how it compares.
• Treasury securities: These government-backed bills, notes, and bonds sometimes offer even higher rates than CDs and may be more liquid.

Frequently Asked Questions (FAQs)

How Do You Get a CD With EverBank?

You can open an EverBank Performance℠ CD online. This bank mentions that the online application process takes just five minutes, so it’s fairly simple to open a new CD account.

Are EverBank CDs Worth Investing In?

EverBank offers relatively generous APYs for its CDs, so it could be worth opening a CD account if you can afford to keep your money in it for the full term. Just keep in mind that withdrawing your money early will result in penalties, and take the time to shop around for the highest-yield CDs before making a decision.

How Do You Get the Best CD Rate With EverBank?

EverBank offers different CD rates for different term lengths and account types. To find the best possible home for your money, compare terms and select the option with the highest rate. The best CD for you will be the one that aligns best with your needs (including minimum deposit requirements), so keep this in mind as you compare.

Are EverBank CDs FDIC-Insured?

Yes, EverBank’s CDs are FDIC-insured. Its Performance℠ CDs and Bump Rate CDs are insured up to $250,000, while its CDARS® CD is insured up to $50 million. Note that the CDARS CD’s balance is distributed across multiple FDIC-insured bank accounts, which is why it has increased FDIC coverage.

Your Guide to CDs

• What Is a Certificate of Deposit (CD)?
• What Is a Brokered CD?
• What Is a CD Ladder?
• Pros and Cons of CDs
• How to Invest With CDs
• How to Open a CD
• How to Close a CD
• CDs vs. Annuities
• CDs vs. Stocks
• CDs vs. Mutual Funds
• CDs vs. ETFs
• CDs vs. Savings Accounts
• Short-Term vs. Long-Term CDs
• CD Rates News
• Best 1-Year CD Rates
• Best 18-Month CDs
• Best Jumbo CD Rates
• Best 6-Month CD Rates
• Best 3-Month CD Rates
• Best Bank CD Rates

We independently evaluate all recommended products and services. If you click on links we provide, we may receive compensation.

Fidelity’s brokered CDs offer competitive rates but also different risks

Fact checked by Hans Daniel Jasperson

Fidelity offers brokered certificates of deposit (CDs), which function similarly to traditional bank CDs for the most part. Brokers purchase bank CDs in large denominations, then resell them to their customers in smaller denominations. 

Fidelity offers two types of CDs—standard new issue CDs and fractional CDs—with varying terms. Fidelity’s CD rates are competitive with some of the best CDs, but it’s important to understand how they work and their potential risks before you open one.

Compare Fidelity CD Rates

Fidelity’s CDs are safe investments that can guarantee a certain return, and some have very competitive APYs. But they come with certain limitations, as well. See a broader selection of savings accounts below to find the right place for your money.

Fidelity CDs: Key Features

Fidelity’s new issue CDs are sold in $1,000 increments—if you want to invest $10,000, for instance, you’d buy 10 CDs. You can also purchase prepackaged CD ladders with varying terms. There are typically from 50 to 100 new issue offerings at any point in time. There’s no trading fee to purchase a new issue CD.

There’s also no early withdrawal penalty if you decide to liquidate your CD. Instead, you’ll sell the CD on the broker’s secondary market. If you do so, there’s a fee of $1 per CD. 

Because interest rates on brokered CDs can fluctuate daily, though, your CD may be worth less than its original value on the secondary market, which means you may get less than your original investment if you decide to sell.

Fidelity’s Fractional CD differs from its traditional new issue CDs by offering lower minimums—each CD starts at $100. However, interest rates are a bit different, and term options are more limited. 

There’s no fee to purchase a fractional CD; if you decide to sell, the same trading fee and potential risks apply as with new issue CDs. 

Warning

Your ability to sell your CD on the secondary market depends on whether there are investors interested in buying it. As a result, there’s no guarantee that you’ll be able to sell your CD when you want to, which increases your liquidity risk compared to a bank CD.

Pros and Cons of Fidelity CDs

Pros

• Competitive rates

• Variety of terms

Cons

• Potentially better rates elsewhere

• Minimum deposit

Pros Explained

• Competitive rates; Fidelity CDs can offer rates on the higher end of up to 4.30%, depending on the term length.
• Variety of terms: You can find several term lengths among Fidelity CDs, although only up to five years.

Cons Explained

• Potentially better rates elsewhere: You may be able to earn more with your CD investment by shopping around and comparing rates.
• Minimum deposit: In some cases, you may have to make a minimum deposit of up to $1,000.

About Fidelity Investments

Fidelity Investments offers brokered CDs to its customers nationwide, but you’ll need to have a brokerage account to buy them. Compared to CD rates offered by banks, the best Fidelity CD rates are quite competitive and worth exploring.

While the brokerage firm offers a cash management account, which offers a high APY and can be used like a checking account with a debit card and check-writing privileges, it doesn’t offer any typical bank account products or services.

Alternatives for Fidelity CDs

• High-yield savings accounts: If you’re willing to open an online savings account elsewhere, you may be able to earn higher rates than what Fidelity offers. See the best high-yield savings account rates to compare how much you could earn.
• High-yield checking accounts: You may find relatively high rates with some checking accounts. Be aware of their requirements and limits. The best high-interest checking accounts give you easy access to your money.
• Certificates of deposit (CDs): You can also choose from a range of CDs from other financial institutions.
• Money market account: Money market account can also provide a return on your savings. Check the best money market account rates to see how it compares.
• Treasury securities: These government-backed bills, notes, and bonds sometimes offer even higher rates than CDs and may be more liquid.

Frequently Asked Questions (FAQs)

Are Fidelity CD Rates Competitive?

Yes, CD rates at Fidelity Investments are competitive with the top CD rates from traditional banks and credit unions. Before you invest in a brokered CD with Fidelity, shop around to ensure you get the best rate based on your deposit and liquidity needs.

What Is the Minimum Deposit for Fidelity CDs?

For Fidelity’s standard new issue CDs, the minimum investment is $1,000, and you have to purchase CDs in $1,000 increments. If you want more flexibility, you can opt for a fractional CD, which has a minimum investment of just $100. Learn more about the pros and cons of brokered CDs.

How Do You Open a Fidelity CD Account?

You can open a Fidelity brokerage account online through the broker’s website. To do so, you’ll need to provide some basic information about yourself, including your name, date of birth, Social Security number, and employment information. 

If you’d like to transfer funds from your bank or another brokerage account to your new Fidelity account, you can do so during the account opening process.

Are Fidelity CDs FDIC-Insured?

Yes, because Fidelity buys large-denomination CDs from banks, your investment is technically an obligation of the issuing banks and, therefore, FDIC-insured.

What’s more, because Fidelity purchases CDs from various issuing banks, you may be able to get more than the standard limit of $250,000 in FDIC coverage per account owner, per issuer, without needing to open multiple brokerage accounts.

Your Guide to CDs

• What Is a Certificate of Deposit (CD)?
• What Is a Brokered CD?
• What Is a CD Ladder?
• Pros and Cons of CDs
• How to Invest With CDs
• How to Open a CD
• How to Close a CD
• CDs vs. Annuities
• CDs vs. Stocks
• CDs vs. Mutual Funds
• CDs vs. ETFs
• CDs vs. Savings Accounts
• Short-Term vs. Long-Term CDs
• CD Rates News
• Best 1-Year CD Rates
• Best 18-Month CDs
• Best Jumbo CD Rates
• Best 6-Month CD Rates
• Best 3-Month CD Rates
• Best Bank CD Rates

We independently evaluate all recommended products and services. If you click on links we provide, we may receive compensation.