When you open a retail Fidelity Brokerage Account, your cash goes into the Fidelity Government Money Market Fund. The Fidelity fund yield is the average amount earned by the fund after expenses over the past 7 days, annualized as of the website published date indicated. You should know that money market funds have different characteristics than bank sweep products and savings accounts; read the fund's prospectus carefully. An important difference is that bank sweep products have FDIC protection, which guarantees principal and interest within limits. For further info, see Fidelity.com/why-fidelity/safeguarding-your-accounts
. The default sweep APYs are sourced from each firm’s website as of the published date indicated assuming a $10,000 investment with comparable brokerage accounts. APY is the amount of total interest earned on a sweep product in one year. Please consider each type of account and each product carefully, as there are differences. Schwab sweep comparison is Schwab OneInterest for retail and Bank Sweep Account for retirement; TDAmeritrade sweep compared is FDIC Insured Deposit Account Rate—Core; E*Trade comparison is Extended Insurance Sweep Deposit Account.
Zero account minimums and zero account fees apply to Fidelity Brokerage Accounts only. Expenses charged by investments and commissions, interest charges, or other expenses for transactions may still apply. See Fidelity.com/commissions
for further details. Certain exclusions apply.
Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit Fidelity.com/performance for most recent yield and month-end performance.
You could lose money by investing in the 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. Fidelity Investments and its affiliates, the fund's sponsor, have no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time. The fund will not impose a fee upon the sale of your shares or temporarily suspend your ability to sell shares if the fund’s weekly liquid assets fall below 30% of its total assets because of market conditions or other factors.
The trademarks and service marks appearing herein are the property of their respective owners.
Before investing, consider the investment's objectives, risks, charges, and expenses. Contact Fidelity for a prospectus containing this information. Read it carefully.
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