Compare our rates to the competition
See how much more your cash could earn in a Fidelity brokerage account.
Fidelity | Schwab | |
---|---|---|
Yields as of 6/6/2024 Yields may vary due to market conditions
|
4.96% Government Money Market Fund 7-day yield
|
0.45% 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.
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A higher rate on cash can help with rising costs
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Zero account fees and zero minimums to open
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Easy access to your cash whenever you need it
![4.96% - Fidelity® Government Market Fund SPAXX 7-day yield as of 6/6/2024; yield may vary due to market conditions](/bin-public/060_www_fidelity_com/images/LandingZones/manage-cash-rising-costs-secondary.png)
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 4.96%
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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