Personal Investments • Can I transfer bank CDs to a Fidelity account?

I would like to consolidate my mother's numberous investment accounts to Fidelity. She has several IRA accounts and several non IRA accounts at several banks. All accounts are 100% invested in bank CDs. These CDs have maturities all over the place.

Using the Fidelity chat, they told me I could transfer ALL the CDs to them and have only 2 accounts; one IRA account and one non IRA account. They also said there would be no penalties with the existing bank CDs because I could hold them to maturity within the Fidelity account.

So, do you all think this is correct. I'm beginning to question if I could hold bank CDs in a Fidelity account.

Thanks for your expertise,
Ron

Statistics: Posted by Oklahoma — Thu Jul 11, 2024 8:01 pm — Replies 1 — Views 240

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