Choose from 2 competitive options for your cash
Fidelity® Government Money Market Fund
Inflation can slowly eat your dollars. You may want to consider this option if you want to maximize your potential earnings. Your cash is automatically held in a money market fund (SPAXX).
Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate, so investors may have a gain or loss when shares are sold. Current performance may be higher or lower than what is quoted. Click or tap the security for most recent month-end performance.
FDIC-Insured Deposit Sweep Program
You may want to consider this option if you want additional protection. Your cash (up to $5 million) is insured by the Federal Deposit Insurance Corporation (FDIC). We automatically place your cash in an account at one or more program banks.2
Award-winning account with features to help your goals
ATM fee reimbursement3
Unlimited global reimbursement on ATM withdrawals.4
Competitive rates
Earn well above the national average5 for a traditional checking account.
No fees
No account fees or minimums to open an account.
Easy access to your cash. No fees to get in your way.
With no account fees7 and no account minimums to open, the Fidelity Cash Management Account can be a smarter digital alternative to traditional banks. Easily move your money across other Fidelity accounts, and spend and withdraw with a debit card—without the fees to slow you down. Your cash balance can earn a competitive rate of return automatically every month, while your account is covered against unauthorized activity by our Customer Protection Guarantee.8
Real-time insights for right-time decisions
Know where your money is going with real-time spending views and alerts. Flexible options to pay and get paid make it easy to access your cash: Bill Pay, a digital wallet-compatible debit card, mobile check deposit, and payment apps integration.
Build routines to make saving a habit
Whether building emergency savings or for short-term goals, we’ll help make saving part of life. Easily set up direct deposit and create automatic transfers to invest your extra cash. Do it all in the palm of your hand—with the Fidelity mobile app.
Resources
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.