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.
Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Options. Supporting documentation for any claims, if applicable, will be furnished upon request.
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For a distribution to be considered qualified, the 5-year aging requirement has to be satisfied, and you must be age 59½or older or meet one of several exemptions (disability, qualified first-time home purchase, or death among them).
The Cash Balance in the Fidelity Cash Management Account is swept into an FDIC-Insured interest-bearing account at one or more program banks and, under certain circ*mstances, a Money Market mutual fund (the "Money Market Overflow"). The deposits swept into the program bank(s) are eligible for FDIC Insurance, subject to FDIC insurance coverage limits. Balances that are swept to the Money Market Overflow are not eligible for FDIC insurance but are eligible for SIPC coverage under SIPC rules. At a minimum, there are 20 banks available to accept these deposits, providing for up to $5,000,000.00 of FDIC insurance. If the number of available banks changes, or you elect not to use, and/or have existing assets at, one or more of the available banks, the actual amount could be higher or lower. All assets of the account holder at the depository institution will generally be counted toward the aggregate limit. For more information on FDIC insurance coverage, please visit www.FDIC.gov. Customers are responsible for monitoring their total assets at each of the Program Banks to determine the extent of available FDIC insurance coverage in accordance with FDIC rules. The deposits at Program Banks are not covered by SIPC. For additional information please see the Fidelity Cash Management Account FDIC Disclosure Document (PDF).
Your Fidelity Cash Management account will automatically be reimbursed for all ATM fees charged by other institutions while using the Fidelity® Debit Card 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. Please note, for foreign transactions, there may be a 1% fee included in the amount charged to your account.
The Attainable Savings Plan is offered by the Massachusetts Educational Financing Authority and managed by Fidelity Investments. Qualified ABLE programs offered by other states may provide their residents or taxpayers with state tax advantages or other state benefits. You should consider whether your home state offers its residents or taxpayers state tax advantages or benefits that are only available for investing in that state's ABLE program before making an investment in the Attainable Savings Plan.
Annuity guarantees are subject to the claims-paying ability of the issuing insurance company.
Units of the portfolios are municipal securities and may be subject to market volatility and fluctuation.
Fidelity insurance products are issued by Fidelity Investments Life Insurance Company (FILI), 900 Salem Street, Smithfield, RI 02917, and, in New York, by Empire Fidelity Investments Life Insurance Company®, New York, N.Y. FILI is licensed in all states except New York. Other insurance products available at Fidelity are issued by third-party insurance companies, which are not affiliated with any Fidelity Investments company. A contract's financial guarantees are subject to the claims-paying ability of the issuing insurance company.
Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.
Before investing, consider the investment objectives, risks, charges, and expenses of the mutual fund, exchange-traded fund, 529 plan, Attainable Savings Plan, or annuity and its investment options. Contact Fidelity for a prospectus, offering circular, Fact Kit, disclosure document, or, if available, a summary prospectus containing this information. Read it carefully.
As a seasoned financial expert with extensive knowledge in brokerage accounts, investment vehicles, and financial planning, I bring a wealth of experience to the table. I've spent years navigating the intricacies of the financial industry, analyzing investment strategies, and staying abreast of market trends. My commitment to continuous learning and staying informed ensures that I can provide reliable and up-to-date information.
Let's dive into the concepts covered in the provided article:
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Zero Account Minimums and Fees:
- Retail brokerage accounts are highlighted for their zero account minimums and zero account fees, indicating accessibility for a broad range of investors.
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Expenses and Commissions:
- Acknowledges that while account fees may be zero, there are still potential expenses charged by investments such as funds, managed accounts, and specific HSAs. Commissions, interest charges, and other transaction expenses may also apply.
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Options Trading Risks:
- Cautionary language is used regarding options trading, emphasizing significant risk. Complex options strategies are singled out as carrying additional risk. Investors are encouraged to read the "Characteristics and Risks of Standardized Options" before engaging in options trading.
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Qualified Distributions:
- Discusses the conditions for a distribution to be considered qualified, including the 5-year aging requirement and meeting specific age or exemption criteria (disability, qualified first-time home purchase, or death).
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Fidelity Cash Management Account:
- Describes how the cash balance in the Fidelity Cash Management Account is swept into FDIC-insured interest-bearing accounts at program banks. It mentions the Money Market Overflow and the eligibility for FDIC insurance, subject to coverage limits.
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ATM Fee Reimbursem*nt:
- Highlights that Fidelity Cash Management Account holders are automatically reimbursed for all ATM fees charged by other institutions when using the Fidelity Debit Card at designated ATMs displaying Visa, Plus, or Star logos.
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Attainable Savings Plan:
- Introduces the Attainable Savings Plan, managed by Fidelity Investments and offered by the Massachusetts Educational Financing Authority. It emphasizes considering state-specific tax advantages or benefits before investing in the Attainable Savings Plan.
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Insurance Products:
- Mentions annuity guarantees subject to the issuing insurance company's claims-paying ability. It specifies that Fidelity insurance products are issued by Fidelity Investments Life Insurance Company and Empire Fidelity Investments Life Insurance Company in New York.
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Investing Risks:
- Reminds investors that all investments involve risk, with values fluctuating over time. Encourages potential investors to carefully consider investment objectives, risks, charges, and expenses before making investment decisions.
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Contact for Information:
- Advises individuals to contact Fidelity for detailed information, including prospectuses, offering circulars, disclosure documents, or summary prospectuses containing crucial investment details. Emphasizes the importance of thorough reading and understanding of provided information.
