We offer very competitive interest rates, our certificates of deposit (CDs) are FDIC-insured and we have a wide selection of maturity dates and interest payment options. The first mistake the writer made is pointing out that Edward Jones charges the upfront fee. Rates are provided for informational purposes only and should not be deemed a solicitation for any specific investment. Find a Financial Advisor Home Working with a Financial Advisor Fees and pricing Personalized solutions and costs Investing isn't a one-size-fits-all endeavor. More than likely, the expense ratios in your funds via Edward Jones are too high. Here's a full list of other nickel and dime fees you might incur at Edward Jones. Thanks for stopping by, Lynne. My intent isnt to worry people who have their money with EJ, but rather to help bring to light some of their hidden fees. As a result, Edward Jones CD rates can be significantly higher than the national average. With Edward Jones, you have to make a note of the maturity date and come up with a plan on your own. Unlike notes or bonds that pay regular interest payments, when you buy a T-bill, you generally buy it at a discount. There is no minimum investment for a Select Account; however, some investments in Select Accounts require minimum purchase amounts. Edward Jones' U.S. financial advisors may only conduct business with residents of the states for which they are properly registered. Current performance may be lower or higher than the performance quoted. Anything over one percent is purely criminal. Lets take a look at the cost of the Roth IRA fees in my Edward Jones account and how I came to discover them on my path to figuring out my personal finances. $100K-250K 3.50% They pocketed over $2000 in commissions to liquidate the positions in her account and nailed us for nearly another $500 to split up her IRA. This differs from traditional banks, which renew your CD for another one of the same term length after your maturity date. find a Financial Advisor on the Wiser Advisor website. Investing isn't a one-size-fits-all endeavor. my father died in 1996. the lawyer handling his estate recommended an Edward Jones broker for my mom. Totally agree. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. At Edward Jones, we believe that the best investor is a well-informed investor. Im paying 0.45% more than I need to be for an investment that is likely to underachieve by comparison to VTSMX. You should consider the investment objectives, risks and charges and expenses carefully before investing. If the value of the securities in your margin account decline, you may be required to deposit cash or additional securities. American Funds have a higher sharpe ratio in almost all scenarios. Youre right about those feeseven with the market down 20+%, the fund managers are getting paid an extra percentage out of your pocket. The high interest rates from Edward Jones mean you will earn more money than you would with CDs from most other banks. CDs are savings instruments issued by banks and savings and loans. Saving and investing can be a powerful combination as you prepare for your future, but they're not one in the same.