More than just a higher rate... an award winning account
Worried about inflation? We can help you boost what your cash earns, with some of the industry's most competitive rates.
Named Best Cash Management account - Forbes 20224
National average interest rate on checking
The Fidelity Cash Management Account ("Account") is a brokerage account designed for spending and cash management. 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.
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 as well as any other securities held in the account are not eligible for FDIC insurance but are eligible for SIPC coverage under SIPC rules. The Money Market Mutual Fund Overflow is for cash balances that exceed FDIC insurance coverage limits or cannot be swept to a program bank due to either a lack of bank capacity or unavailability of FDIC insurance. Customers will earn the APY shown on cash balances up to $5,000,000. Depending on the then available bank capacity or for balances that exceed FDIC Insurance coverage, balances above $5,000,000 may be swept into the Money Market Overflow. An updated list of banks that are participating and are accepting deposits is available at https://www.fidelity.com/fcmacorebanks. Funds swept into the Money Market Overflow will be held in the Fidelity Government Money Market Fund and earnings will be based on the fund's 7-day yield - Class S (
| Get Prospectus). Please carefully consider an account's fees, features and services before investing.
Features that help you spend and save
Spend smarter all in one place
- Get a real-time view of your spending
- Bill Pay lets you easily pay anyone from anywhere
- ATM fees reimbursed globally3
- Mobile check deposit
Help jumpstart your savings
- Higher rates† on your deposits can provide extra income in the fight against inflation
- FDIC protection on cash balances2
- Great for a rainy-day fund or short-term goals
Put your money to work for you
- Access a range of investment options
- Invest for long or short-term goals like education or retirement
- Features that go beyond a traditional checking account
Best in the business
Recognized By Forbes Advisor As The #1 Cash Management Account of 20224
May I open a Fidelity® Cash Management Account if I already have a Fidelity brokerage account?
The Fidelity® Cash Management Account is intended to complement, not replace, your existing brokerage account. It lets you separate your spending activity from your investment activity.
What spending and money movement features are included?
- Free mobile check deposit and mobile Bill Pay, via the Fidelity mobile app
- No annual fee debit/ATM card with ATM fee reimbursements3
- Free online Bill Pay
- Free checkwriting
- Free online transfers between your Fidelity accounts and bank accounts4
Is the Fidelity® Cash Management Account eligible for FDIC insurance coverage, and how does it work?
Cash balances in the Fidelity® Cash Management Account are swept into an FDIC-Insured interest bearing account at one or more program banks and, under certain circumstances, a money market mutual fund (the "Money Market Overflow"). 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 (referenced below). Fidelity automatically performs all transfers between the program banks and your account. You cannot access your funds directly from a program bank. Please refer to the following for additional information:
- Fidelity® Cash Management Account FDIC-Insured Deposit Sweep Program Disclosure document (PDF) for complete explanation and disclosures on the Deposit Sweep Program
- List of Program Banks
- www.fdic.gov for additional information on FDIC insurance coverage limits
How is my rate of return on my cash balance calculated?
For balances swept into Program banks, interest is accrued daily and is paid monthly on the last business day of the month. Note that the specific program bank assigned to your account does not impact the interest rate.
For balances held in the Money Market Overflow feature, distributions consist primarily of dividends. A money market fund normally declares dividends daily and pays them monthly on the last business day of the month.
Do you really need a bank?
The answer is not as clear-cut as it once was. Consider the alternatives.
Preparing for emergencies
Learn how to build a safety net to help protect yourself and your loved ones.
What to do with your cash
Learn about the ways you can manage the cash in your investment account.
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.
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.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917