Help your cash work harder

When every dollar matters, it pays to put your cash in a place where it could earn more. 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.

4.97% - Fidelity® Government Money Market Fund (SPAXX) 7-day yield as of 7/4/2024; yield may vary due to market conditions.

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See how much more your cash could earn in a Fidelity brokerage account.

  Fidelity Schwab

Yields as of 7/4/2024

Yields may vary due to market conditions


Government Money Market Fund 7-day yield


Default Sweep APY
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. See current yield and most recent month-end performance for Fidelity® Government Money Market Fund SPAXX.

A higher rate on cash can help with rising costs

Zero account fees and zero minimums to open

Easy access to your cash whenever you need it

4.97% - Fidelity® Government Market Fund SPAXX 7-day yield as of 7/4/2024; yield may vary due to market conditions

How to make your uninvested cash work harder

  • Open a Fidelity brokerage account
  • Add money or set up direct deposit
  • Your cash is automatically put in a money market fund, now earning 4.97%

Before you invest

Money market funds have different characteristics than bank sweep accounts and savings accounts. Read any fund's prospectus carefully.

  • More information

    An important difference is that bank sweep products have FDIC protection, which guarantees principal and interest within limits; and money market funds and non-bank default sweep products do not. See more information about safeguarding your accounts. The Fidelity fund yield is the average amount earned by the fund after expenses over the past 7 days (per date indicated) and annualized. The Schwab APY is the amount of total interest earned on a bank product in 1 year. Please consider each type of account and products carefully, as there are differences in services and fees.

    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.


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