Have some portion of my IRA tied up in a money market account gaining basically no interest...about $150k. I probably won't need to tap into any of this for at least 3 years, but in the meantime, was considering putting that money into 1 or 2 year CDs.
How safe are online CDs purchased through Fidelity...and do they basically work the same as the ones you purchase at a bank (once they reach maturity, the total value including interest would dump back into your IRA money market account).
Any recommendations ? I see a lot of different banks that I'm not familiar with.
How safe are online CDs purchased through Fidelity...and do they basically work the same as the ones you purchase at a bank (once they reach maturity, the total value including interest would dump back into your IRA money market account).
Any recommendations ? I see a lot of different banks that I'm not familiar with.