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Anyone used Fidelity CD ladder auto roll? Where does interest end up?

Posted on 11/19/23 at 10:53 pm
Posted by Thundercles
Mars
Member since Sep 2010
6025 posts
Posted on 11/19/23 at 10:53 pm
Reading that the principal is reinvested to keep the ladder going-- does the interest from that CD just get deposited to the original account?
Posted by 98eagle
Member since Sep 2020
2577 posts
Posted on 11/20/23 at 9:41 am to
It goes into the account you have the ladder in, specifically into the core position you specify for that account, such as the Fidelity Deposit Sweep which earns almost zero percent interest or in a Money Market account such as SPAXX or FDRXX, both of which earn right at 5% interest.
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