Important legal information about the email you will be sending. By using this service, you agree to input your real email address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an email. All information you provide will be used by Fidelity solely for the purpose of sending the email on your behalf. The subject line of the email you send will be "Fidelity.com: "

Go beyond banking with Fidelity Cash Management

Meet the account that helps meet your banking needs and more. With no account fees or minimums to open an account, and competitive rates, it's never been easier to spend and save smarter.

Open an account

Fidelity²

2.60%APY

National average interest rate on checking

0.06%APY

^† Source: Fidelity rate as of May 8, 2023. FDIC Monthly National Deposit Rate as of April 17, 2023

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.

Learn more

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.

No account fees or
minimums¹

Digital wallet
compatible

Secure debit card

ATM fees reimbursed
globally³

FDIC insurance on
cash balances²

Competitive rates

Get a real-time view of your spending
Bill Pay lets you easily pay anyone from anywhere
ATM fees reimbursed globally³
Mobile check deposit

Open an account

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

Open an account

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

Open an account

Best in the business

Recognized By Forbes Advisor As The #1 Cash Management Account of 2022⁴

Common questions

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.