Hi all,
Was wondering if anyone had any recommendations on CDs, say for
a 1 or 2 year term.
Have some cash sitting in a Fidelity money market in my IRA, and I hate that it's not earning anything. I don't need the funds for at least 1 or 2 years.
I've never purchased a CD through an IRA account...but have bought them at banks before. Is purchasing through Fidelity just as safe as buying 'em through a bank. Are they insured if the bank fails ? And once it reaches the maturity date, do they simply credit the interest and principal back to the money market account.
Any other thoughts on an equally safe, fixed investment ?
Thanks for any advice.
Was wondering if anyone had any recommendations on CDs, say for
a 1 or 2 year term.
Have some cash sitting in a Fidelity money market in my IRA, and I hate that it's not earning anything. I don't need the funds for at least 1 or 2 years.
I've never purchased a CD through an IRA account...but have bought them at banks before. Is purchasing through Fidelity just as safe as buying 'em through a bank. Are they insured if the bank fails ? And once it reaches the maturity date, do they simply credit the interest and principal back to the money market account.
Any other thoughts on an equally safe, fixed investment ?
Thanks for any advice.