One reader emailed me about his experience in trying to sell Fidelity brokered CDs. Here’s an excerpt of his email:
I have brokered CDs with Fidelity. I never had any luck in selling one if I wanted to cash it early, even when interest rates were in my favor. I was told that the CDs I had were too small.The reader said his CDs were in the range of $4,000 and $40,000.
I tried to get more details from a Fidelity CSR about selling small CDs, but he wasn’t able to provide any. The CSR just said that there may be times when you might not be able to sell a brokered CD on Fidelity’s secondary market.
For those who have sold brokered CDs at Fidelity or at other brokerages, did you have any problems? And what were the sizes of your CDs?