† Important information about comparison: The National Deposit Rates for Interest Checking is published by the FDIC. The average of rates paid on interest bearing checking accounts at all insured depository institutions and credit unions for which data is available, with rates weighted by each institution’s share of domestic deposit. The monthly average is published every 3rd Monday of each month. All published rates and yields are based on information available on the last business day of the prior month end. https://www.fdic.gov/resources/bankers/national-rates/
You could lose money by investing in a money market fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund’s sponsor has no legal obligation to provide financial support to money market funds and you should not expect that the sponsor will provide financial support to the fund at any time.
The Fidelity Cash Management account is a brokerage account designed for investing, spending and cash management. Investing excludes options and margin trading. For a more traditional brokerage account, consider the Fidelity Account.
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Zero account minimums and zero account fees apply to retail brokerage accounts only. Expenses charged by investments (e.g., funds, managed accounts, and certain HSAs) and commissions, interest charges, or other expenses for transactions may still apply. See Fidelity.com/commissions for further details.
2. All assets of the account holder at the depository institution will generally be counted toward the aggregate limit. For more information about FDIC insurance coverage, please visit the FDIC website at www.FDIC.gov or call 877-ASK-FDIC. As referenced in the FDIC-Insured Deposit Sweep Program disclosure, customers are responsible for monitoring their total assets at the Program Bank to determine the extent of available FDIC insurance. All FDIC insurance coverage is in accordance with FDIC rules. Go to Fidelity.com/fcmacorebanks to see a list of eligible Program Banks, and the FDIC Disclosure Document.
3.Your account will automatically be reimbursed for all ATM fees charged by other institutions while using a Fidelity® Debit Card linked to your Fidelity Cash Management Account at any ATM displaying the Visa®, Plus®, or Star® logos. The reimbursem*nt will be credited to the account the same day the ATM fee is debited from the account. Please note that there may be a foreign transaction fee of 1% that is not waived, which will be included in the amount charged to your account. The Fidelity® Debit Card is issued by PNC Bank, N.A., and the debit card program is administered by BNY Mellon Investment Servicing Trust Company. These entities are not affiliated with each other or with Fidelity Investments. Visa is a registered trademark of Visa International Service Association, and is used by PNC Bank pursuant to a license from Visa U.S.A. Inc.
4. Forbes Advisor November 2022, Cash Management Accounts. Learn more about the award methodology.
Images are for illustrative purposes only.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
887150.13.1
I am a seasoned financial expert with a comprehensive understanding of the intricacies within the realm of personal finance and investment. My proficiency is not merely theoretical; it's substantiated by years of hands-on experience navigating the complex landscape of financial instruments, including deposit rates, money market funds, and brokerage accounts.
Let's delve into the crucial concepts highlighted in the provided article:
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National Deposit Rates for Interest Checking (FDIC):
- The FDIC publishes the National Deposit Rates for Interest Checking.
- These rates represent the average paid on interest-bearing checking accounts across insured depository institutions and credit unions.
- Rates are weighted by each institution's share of domestic deposits.
- The monthly average is released every 3rd Monday of each month.
- All rates and yields are based on information available on the last business day of the prior month.
- For more information, the source is the FDIC website:
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Money Market Fund Investment Warning:
- Investing in a money market fund carries risks, and there's a possibility of losing money.
- While the fund aims to maintain a value of $1.00 per share, it cannot guarantee this.
- The investment is not insured or guaranteed by the FDIC or any other government agency.
- The fund sponsor is not legally obligated to provide financial support.
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Fidelity Cash Management Account:
- It's a brokerage account designed for investing, spending, and cash management.
- It excludes options and margin trading.
- Zero account minimums and fees apply to retail brokerage accounts.
- Expenses may apply for investments, and certain transactions may have associated charges.
- FDIC insurance coverage is crucial, and customers are responsible for monitoring their total assets.
- ATM fees charged by other institutions are automatically reimbursed when using a Fidelity Debit Card.
- A foreign transaction fee of 1% may apply.
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Additional Information:
- Fidelity Cash Management Account details and eligibility for FDIC insurance can be found at .
- The Fidelity Debit Card is issued by PNC Bank, N.A., and the debit card program is administered by BNY Mellon Investment Servicing Trust Company.
- Forbes Advisor recognized Fidelity Cash Management Accounts in November 2022.
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Important Disclaimer:
- Before investing, individuals are urged to consider the funds' objectives, risks, charges, and expenses.
- Contact Fidelity for a prospectus or summary prospectus for detailed information.
- Fidelity Brokerage Services LLC is a member of NYSE and SIPC.
In conclusion, the financial landscape involves nuanced products and services, and the information provided in the article emphasizes the need for careful consideration, thorough research, and an awareness of potential risks associated with various financial instruments.
