Fidelity Spaxx Or Fcash Members-Only Content Refresh #981

I just realized that my fidelity core position is fcash which is described as a free credit balance and shows a current interest rate of 1.19% as of august 1st It gives options to change to two different money market accounts spaxx (shows a 7 day yield of 1.42%) or fzfxx (shows a 7 day yield of 1.49%). Fcash is not a money market fund It is a free credit balance, which means it consists of uninvested cash that can be withdrawn on demand at any time Fidelity may borrow this money and use it for their business You can check the fcash account current yield by clicking that link This is extraordinarily similar to spaxx. Are you considering fzfxx, spaxx, or fcash as your core investment position at fidelity As an investor, you want to make informed decisions that will optimize your portfolio’s performance In this article, we will examine the key features and benefits of fzfxx, spaxx, and fcash and help you determine which is the best core position for you. As of today, the fcash account is paying 1.57% This is extraordinarily similar to spaxx The yield and historical yield are almost identical Frankly, i think it’s silly for fidelity to offer both as it serves to confuse people without giving an actual meaningful benefit. Spaxx is a money market fund from fidelity that provides liquidity and security and is often used to temporarily store cash in a brokerage account Its main benefits are relatively high interest returns and flexible access to funds In contrast, fcash is fidelity's cash management function that provides simpler cash storage, but may have lower interest rates Spaxx is generally suitable for.