Discover the Power of Cash Management Accounts: Beyond Traditional Banking

It is crucial to note that the National Deposit Rates for Interest Checking, which is released by the FDIC, compares the average of rates paid on interest bearing checking accounts at insured depository institutions and credit unions. The rates are calculated by weighing each institution's share of domestic deposit, and data is made available every third Monday of each month. However, all published rates and yields are based on information gathered on the last business day of the prior month end. Further information can be found at https://www.fdic.gov/resources/bankers/national-rates/.

It's important to be aware that investing in a money market fund can result in financial loss. Although the fund aims to maintain your investment value at $1.00 per share, there are no guarantees that it will do so. Additionally, investing in the fund is not under the Federal Deposit Insurance Corporation or any other government agency's insurance or guarantee. As the fund's sponsor is not legally obligated to provide financial support, it's not reasonable to anticipate financial aid.

The Fidelity Cash Management account is a brokerage account that caters to investing, cash management, and daily spending. However, keep in mind that options and margin trading aren't part of this account. If you're looking for a traditional brokerage account, consider the Fidelity Account.

It's worth noting that zero account fees and zero account minimums only apply to retail brokerage accounts; expenses accumulated by transactions, commissions and interest charges for transactions and certain HSAs may still apply. Get more information on further details at https://www.fidelity.com/trading/commissions-margin-rates.

All depository institution assets belonging to the account holder are generally accounted in the aggregate limit, as stated by the FDIC. Visit https://www.FDIC.gov or call 877-ASK-FDIC for more information on FDIC insurance coverage. Customers are responsible for monitoring their total assets at the Program Bank to see the extent of available FDIC insurance, as noted in the FDIC-Insured Deposit Sweep Program disclosure. FDIC insurance coverage follows FDIC rules, and you can find eligible Program Banks and the FDIC Disclosure Document at https://www.fidelity.com/fcmacorebanks.

Your Fidelity® Debit Card will automatically be refunded for all ATM fees charged by other institutions if used at any ATM displaying the Visa®, Plus®, or Star® logos. The reimbursement is credited to your account on the same day the ATM fee is debited from the account. Please note that there may be a 1% foreign transaction fee that cannot be waived, which will be included in the amount charged to your account. The debit card is administered by BNY Mellon Investment Servicing Trust Company, while PNC Bank, N.A., issues it. These entities aren't linked to each other or Fidelity Investments. Visa is registered with Visa International Service Association, and PNC Bank uses it under a license from Visa U.S.A. Inc.

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It's essential to read the funds' investment objectives, restrictions, expenses and charges before investing. Prospective investors must contact Fidelity for a prospectus or a summary prospectus containing pertinent information. Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917.