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FAQs
What is the interest rate on Fidelity Premium Money Market account? ›
Additional Information
| Return Type | 1 Yr | 3 Yrs |
|---|---|---|
| FUND Fidelity® Money Market Fund Premium Class | 5.21% | 2.61% |
| PRIMARY BENCHMARK FTSE 3-Mo Treasury Bill Close Popover | 5.52% | 2.70% |
| MORNINGSTAR CATEGORY AVERAGE Prime Money Market Close Popover | 5.05% | 2.47% |
| AFTER TAXES ON DISTRIBUTIONS Close Popover |
Monthly
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 a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
What is the difference between Fzcxx and Fzdxx? ›FZCXX is a "Premium class" Government MM fund, the lower ER version of the SPAXX Government fund. FZDXX is a "Prime" money market fund that invests in commercial paper and non-government securities. FZDXX is a "Premium class" fund, requiring a minimum initial deposit to qualify for the lower ER of that fund.
What is the rate of return for Fzdxx? ›Trailing Total Returns - FZDXX
| Timeframe | FZDXX | S&P 500 |
|---|---|---|
| 1 Month | 0.47% | 3.22% |
| 3 Month | 1.32% | 10.56% |
| Year-to-Date | 1.32% | 10.56% |
| 1 Year | 5.24% | 29.88% |
At Fidelity, any uninvested cash deposited in a Fidelity brokerage account is automatically put in a money market fund now earning 4.97%—just one more way we're providing industry-leading value for our customers.
Is Fzdxx a money market fund? ›FZDXX - Fidelity ® Money Market Fund Premium Class | Fidelity Investments.
What is the best money market fund? ›Our picks at a glance
| Rank | Fund | Net expense ratio |
|---|---|---|
| 1 | Vanguard Federal Money Market Fund (VMFXX) | 0.11% |
| 2 | Schwab Value Advantage Money Fund Investor Shares (SWVXX) | 0.34% |
| 3 | PIMCO Government Money Market Fund (AMAXX) | 0.18% |
| 4 | Vanguard Cash Reserves Federal Money Market Fund Admiral Shares (VMRXX) | 0.10% |
Mar 18, 2024
Like other deposit accounts, money market accounts are insured by the FDIC or NCUA, up to $250,000 held by the same owner or owners. Money market accounts tend to pay you higher interest rates than other types of savings accounts.
How safe is Fidelity money market? ›Stability & safety
While not insured by the FDIC, the funds are required by federal regulations to invest in short-maturity, low-risk investments, making them less prone to market fluctuations than many other types of investments.
What are two disadvantages of a money market fund? ›
Key takeaways
Disadvantages of money market accounts may include hefty minimum balance requirements and monthly fees — and you might be able to find better yields with other deposit accounts.
Fidelity is not a bank and brokerage accounts are not FDIC-insured, but uninvested cash balances are eligible for FDIC insurance. Balances above $5 million may be placed in a non-FDIC insured money market fund, which earns a different rate. See details in Learn more section below.
Is Fzfxx a safe investment? ›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 a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
What is the minimum balance for Fzdxx? ›This fund requires a minimum of $100k to invest and is currently paying a 3.08% yield.
What is Fidelity Treasury Money Market Fund Fzfxx? ›The investment seeks to obtain as high a level of current income as is consistent with the preservation of capital and liquidity. The adviser normally invests at least 99.5% of the fund's total assets in cash, U.S. Treasury securities and/or repurchase agreements for those securities.
What does Fidelity pay on money market accounts? ›Additional Information
| Return Type | 1 Yr | 3 Yrs |
|---|---|---|
| FUND Fidelity® Money Market Fund | 5.08% | 2.53% |
| PRIMARY BENCHMARK FTSE 3-Mo Treasury Bill Close Popover | 5.52% | 2.70% |
| MORNINGSTAR CATEGORY AVERAGE Prime Money Market Close Popover | 5.05% | 2.47% |
| AFTER TAXES ON DISTRIBUTIONS Close Popover |
Best Money Market Account Rates
- Northern Bank Direct – 4.95% APY.
- All America Bank – 4.90% APY.
- Redneck Bank – 4.90% APY.
- First Foundation Bank – 4.90% APY.
- Sallie Mae Bank – 4.65% APY.
- Prime Alliance Bank – 4.50% APY.
- Presidential Bank – 4.37% APY.
- EverBank – 4.30% APY.
What is a Premium Money Market Account? Get our most competitive interest rate for money market accounts — plus more as your balance grows. It's our way of rewarding you for carrying a higher balance and growing your savings.
What is a Fidelity premium account? ›With Fidelity Premium Services, you get a separate customer service phone number of allegedly more experienced customer service representatives. You also get a dedicated advisor, you'll see their little picture and info in your Fidelity Dashboard on the top right.