Compare our rates to the competition
See how much more your cash could earn in a Fidelity brokerage account.
Fidelity | Schwab | |
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Yields as of 11/10/2023 Yields may vary due to market conditions
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4.99% Government Money Market Fund 7-day yield
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0.45% Default Sweep APY
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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

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 4.99%
Before you invest
Money market funds have different characteristics than bank sweep accounts and savings accounts. Read any fund's prospectus carefully.
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