What Happens When a Fidelity Brokered CD Matures? Explained
Learn what happens when your Fidelity brokered CD matures and how to manage your funds effectively to maximize your investments.
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When a Fidelity brokered CD matures, the principal and any accrued interest are automatically deposited into your Fidelity account on the maturity date. Fidelity will notify you as the maturity date approaches, giving you the option to reinvest or withdraw the funds. It's important to review your reinvestment options and decide if you want to reinvest in another CD or move the funds to different investments within your Fidelity account.
FAQs & Answers
- What happens to my money when a Fidelity brokered CD matures? When a Fidelity brokered CD matures, the principal and any accrued interest are automatically deposited into your Fidelity account on the maturity date.
- Does Fidelity notify me before my brokered CD matures? Yes, Fidelity sends a notification ahead of the maturity date to inform you and provide options for reinvestment or withdrawal.
- Can I reinvest the funds from a matured Fidelity CD into another CD? Absolutely, Fidelity offers options to reinvest your matured CD funds into another CD or move them to different investments within your account.