Are Edward Jones CD rates higher than bank CDs?
You’ll find much higher rates with Edward Jones CDs, compared to those from large national banks. Typically, these banks offer low rates across their savings accounts. Some online banks, however, offer rates close to, or comparable with, Edward Jones brokered CDs.
Are Edward Jones CDs FDIC-insured?
CDs from Edward Jones are FDIC-insured up to $250,000 per depositor, per account ownership category.
Do you need an Edward Jones account to open a CD?
Yes. You must have an Edward Jones brokerage account to open a CD with the firm.
Recently looked into a Money Market Fund with Edward Jones.
Is this a good investment option and/or institution for 100-150k?
I am looking for low risk (almost 0)
Fairly liquid (a few days to withdraw with no penalties
Decent return. I was told by them 4.5% return after they take their fee.
Is there is better option with the above 3 criteria?
(Posting in several areas to get opinions)
EDIT: Going with Vanguards VMFXX.