Edward Jones CDs
APY Range
Minimum Deposit
Terms
Our Rating
Edward Jones CD Rates
Edward Jones provides exceptionally competitive CD rates, with both long and short-term, boasting one of the highest CD APYs available in the market. The minimum deposit required is $1,000, which is quite reasonable. Additionally, Edward Jones offers diverse terms to suit your preferences.
When you invest in certificates of deposit (CDs) through Edward Jones, you can enjoy the assurance that they are issued by reputable banks and backed by FDIC insurance, providing coverage of up to $250,000.
Term | APY |
|---|---|
3 Months | 4.10%
|
6 Months | 3.80%
|
9 Months | 3.85%
|
12 Months | 3.75%
|
18 Months | 3.60%
|
24 Months | 3.60%
|
36 Months | 3.60%
|
48 Months | 3.70%
|
60 Months | 3.70%
|
How Edward Jones CDs Work
For nearly a century, since 1922, Edward Jones has established itself as a prominent financial services firm.
To invest in an Edward Jones brokered CD, it is necessary to have a brokerage account with the firm. As a reputable brokerage, Edward Jones offers CDs from multiple banks, enabling you to diversify your CD portfolio. Consequently, Edward Jones CD rates often surpass the national average significantly.
Edward Jones’ approach to CDs is different due to their nature as brokered CDs.
Edward Jones’ CDs are not subject to automatic renewal or rollover into new CDs. Instead, the funds from the matured CD will be automatically credited to your Edward Jones account. It is essential to be proactive and take appropriate action with regard to your CD investments with Edward Jones.
Are Edward Jones CDs Rates Competitive?
Yes, Edward Jones CDs are known to offer competitive CD rates. Whether you are looking for short-term CDs or want to explore long-term CD options, the rates are high.
While the specific rates may vary depending on market conditions and the terms of the CD, we can see in the table below that it offers one of the highest rates available among dozens of other banks and credit unions.
CD APY Range | Minimum Deposit | |
|---|---|---|
Marcus | 3.85% – 4.25%
| $500 |
First Internet Bank | 3.40% – 4.02%
| $1,000 |
Barclays Bank | 3.00% – 4.00% | $0 |
PNC Bank | 0.01% – 3.90%
| $1 |
Quontic Bank | 3.00% – 3.75% | $500 |
PenFed Credit Union | 2.00% – 4.35% | $1,000 |
Alliant Credit Union | 3.1% – 4.1%
| $1,000 |
Sallie Mae | 3.70% – 4.10%
| $2,500 |
Bread Financial | 4.25% – 4.75% | $1,500 |
Capital One | 3.50% – 4.00%
| $0 |
Chase Bank | 0.02% – 3.80%
| $1,000 |
Discover Bank | 2.00% – 4.00%
| $0 |
CIT Bank | 0.30% – 3.35%
| $1,000 |
Ally Bank | 2.90% – 3.90% | $0 |
Citi Bank | 0.05% – 4.00%
| $500 |
Connexus Credit Union | 3.51% – 4.85% | $5,000 |
Merrick Bank | 3.60% – 4.05%
| $25,000 |
Fidelity | 3.60% – 4.05%
| $1,000 |
Charles Schwab | 3.75% – 4.06%
| $1,000 |
Vanguard | 3.75% – 4.25%
| $1,000 |
BMO Harris | 0.05% – 4.50% | $1,000 |
Wells Fargo | 1.50% – 3.65%
| $2,500 |
Synchrony Bank | Up to 4.15% | $0 |
Citizen Bank | 3.50% – 4.15%
| $1,000 |
TD Bank | 1.00% – 4.00% | $250 |
Navy Federal | 1.50% – 4.15%
| $1,000 |
LendingClub | 3.40% – 4.45%
| $2,500 |
About Edward Jones
Edward Jones is a renowned financial services firm that has been operating since 1922. The company primarily focuses on providing personalized investment advice and services to individual investors. Edward Jones is known for its extensive network of financial advisors, who work closely with clients to develop personalized investment strategies and help them achieve their financial goals.
The firm offers a wide range of investment options, including stocks, bonds, mutual funds, certificates of deposit (CDs), and retirement accounts such as IRAs. Edward Jones aims to provide a comprehensive suite of financial services to meet the diverse needs of its clients.
Financial advisors at Edward Jones strive to provide individualized guidance and support, taking into account clients’ unique circumstances, risk tolerance, and investment objectives.
How We Rate Certificates of Deposits: Our Methodology
The Smart Investor team has thoroughly examined certificate of deposit (CD) offerings from various banks, considering multiple factors to provide a comprehensive evaluation. Here’s how we rated them across four key categories:
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CD Rates (50%): We meticulously analyzed the interest rates offered by each bank on their certificate of deposit (CD) products. Higher ratings were awarded to banks offering competitive rates that provide maximum returns for customers’ investments. Factors such as the yield curve, current market conditions, and consistency of rates were considered to assess the attractiveness of each bank’s CD rates.
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CD Features (30%): This category evaluated the features associated with each bank’s certificate of deposit offerings. Factors considered include the variety of terms available, early withdrawal penalties, minimum deposit requirements, and any additional features or benefits. Higher ratings were given to banks offering a diverse range of CD terms, reasonable early withdrawal fees, and flexible options to meet customers’ investment needs.
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Customer Experience (10%): A positive customer experience is paramount, even when investing in CDs. We assessed each bank’s performance in this area, considering factors such as the ease of opening a CD account, the responsiveness of customer service, and overall user satisfaction. Higher ratings were assigned to banks with efficient account opening processes, helpful customer support, and a track record of satisfying customers.
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Bank Reputation (10%): The reputation of a bank is a critical consideration when investing in CDs. We evaluated each bank’s reputation based on factors such as financial stability, regulatory compliance, and public perception. Higher ratings were given to banks with a solid reputation for reliability and trustworthiness, ensuring customers’ investments are safe and secure.
By considering these categories and assigning appropriate weights to each, our review aims to provide valuable insights to help individuals make informed decisions when investing in certificate of deposits.
