FDIC-Insured CD Solutions from Fidelity

FDIC-Insured CD Solutions from Fidelity

Fidelity's CD Center -- choose from a wide range of issuers on

Your Fidelity Account

helps your FDIC protection go further by letting you invest with dozens of issuers all in one account.

CD 1 $50K

CD 2 $35K

CD 3 $100K

CD 4 $75K

CD 5 $10K

For illustrative purposes only. Percentage rates indicated are provided as examples only; there is no guarantee of availability of rates or CDs.

Considerations When Choosing CDs1

Features:

? Make FDIC Protection Go Further: Dozens of issues from more than 500 banks2

? Flexibility: Choose among a variety of competitive rates with maturities ranging from 3 months to 20 years3

? Ease: All CDs housed together in one account

? Liquidity: No penalty fees for early withdrawal4

? Automation: Auto Roll program; CD ladder tool; electronic maturing CD alerts

FDIC Considerations

Issuer-specific FDIC coverage limits5 need to consider the combined balance of all bank deposits (including CDs) and any brokered CDs purchased through a brokerage firm. For example, a customer holding both cash deposits and an ABC Bank CD at the bank directly and an ABC Bank brokered-CD at Fidelity must combine the two CDs and the cash deposits when calculating FDIC coverage.

Consider purchasing below FDIC coverage limits in order to allow any accrued interest between coupon payments to be protected by FDIC coverage.

1 Fidelity offers a type of Certificate of Deposit ("CD") called a "brokerage" or "brokered" CD. Brokered CDs are issued by banks for brokerage firms' customers with the deposits received being obligations of the issuing bank. The CDs are usually issued in large denominations and the brokerage firm divides them into smaller denominations for resale to their customers. 2 Fidelity makes no judgment as to the creditworthiness of the issuing institution nor does it endorse or recommend the CDs in any way. Over the course of an entire year, Fidelity offers brokered CDs on its trading platform from over 500 different banks. 3 If your CD has a step rate, the interest rate of your CD may be higher or lower than prevailing market rates. Step rate CDs are also subject to secondary market risk and often will include a call provision by the issuer that would subject you to reinvestment risk. The initial rate is not the yield to maturity. If your CD has a call provision, please be aware the decision to call the CD is at the issuer's sole discretion. Also, if the issuer calls the CD, you may be confronted with a less favorable interest rate at which to reinvest your funds. 4 CDs sold prior to maturity are subject to a concession and may be subject to a substantial gain or loss due to interest rate changes. If sold prior to maturity, CDs may be sold on the secondary market subject to market conditions. 5 On October 3, 2008, certain FDIC insurance coverage limits were temporarily increased from $100,000 to $250,000. As of July 21, 2010, these temporary increases were made permanent. For the purposes of these limits, all depository assets of the account holder at the institution that issued the CD will generally be counted toward the applicable aggregate limit, for each applicable category of account. For more information, visit or call 1-877-ASK-FDIC.

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Fixed-Income Solutions from Fidelity

The Fidelity Pricing Advantage

New Issue Fee Schedule U.S. Treasuries (Auction) including TIPS All Others Secondary Issue Fee Schedule U.S. Treasuries including TIPS All Others Minimum Concession Maximum Concession Maximum Concession for bonds maturing 1 year or less

Online No charge No charge Online $0/bond (no minimum) $1/bond $8.00* $250 $50

*$8.00 minimum applies to online fixed-income secondary trades excluding U.S. Treasuries. $19.95 minimum applies to all rep-assisted fixed-income secondary trades.

Rep-Assisted $19.95 No charge Rep-Assisted $0/bond $1/bond $19.95 $250 $50

Innovative Tools and Resources

Take advantage of our online tools and resources at fixedincome: ? Select from over 10,000 bonds in inventory -- visit

bondsearch

? Experience unbundled and transparent pricing6

? Get help with your fixed-income investment needs from fixed-income specialists

? Try our bond search tool -- set your bond selection criteria and identify the bonds or CDs that match your objectives (see graph)

? Sign up for alerts to notify you when taxable and nontaxable new issues are offered, or when your bond is upgraded/downgraded, is called, or matures

? Build your own bond ladder online7

This screenshot is for illustrative purposes only. The fixed-income inventory scatter graph is an educational tool developed by Fidelity Brokerage Services, a Fidelity Investments company, and Strategic Advisers, Inc., a registered investment adviser, which uses data from a variety of third-party sources.

To learn more about Fidelity's fixed-income products, including Fidelity's full range of bond mutual funds, please visit fixedincome, call 1-800-544-6666, or stop by your local Fidelity Investor Center.

Please carefully consider the fund's investment objectives, risks, charges and expenses before investing. For this and other information, call or write to Fidelity or visit for a free prospectus. Read it carefully before you invest or send money.

Although bonds generally present less short-term risk and volatility than stocks, the bond market is volatile and bond funds do entail interest rate risk (as interest rates rise, bond prices usually fall, and vice versa). This effect is usually more pronounced for longer-term securities. Bond funds also entail issuer credit risk, and the risk of default, or the risk that an issuer will be unable to make interest or principal payments. Additionally, bond funds and short-term investments entail greater inflation risk, or the risk that the return of an investment will not keep up with increases in the prices of goods and services, than stocks. Any fixed-income security sold or redeemed prior to maturity may be subject to a substantial gain or loss.

6 Please note that the addition of Fidelity Brokerage Services (FBS) concessions will impact the total cost of the transaction and the total, or "effective," yield of the investment from the prices and yields quoted on the inventory offering screens. The offering broker, which may be our affiliate National Financial Services LLC ("NFS"), may separately mark up or mark down the price of the security and may realize a trading profit or loss on the transaction.

7 A bond ladder, depending on the types and amount of securities within the ladder, may not ensure adequate diversification of your investment portfolio. This potential lack of diversification may result in heightened volatility of the value of your portfolio. You must perform your own evaluation of whether a bond ladder and the securities held within it are consistent with your investment objective, risk tolerance, and financial circumstances.

465843.8.0

Fidelity Brokerage Services LLC, Member NYSE, SIPC 900 Salem Street, Smithfield, RI 02917

PAFS-CD-0810 1.849653.107

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