Fidelity's money market funds - Fidelity (2024)

Before investing in any mutual fund or exchange-traded fund, you should consider its investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus, an offering circular, or, if available, a summary prospectus containing this information. Read it carefully.

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.

1. Source: Fidelity Investments as of 9/30/23

2.

You could lose money by investing in a money market fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Fidelity Investments and its affiliates, the fund’s sponsor, is not required to reimburse the fund for losses, and you should not expect that the sponsor will provide financial support to the fund at any time, including during periods of market stress.

Fidelity's government and U.S. Treasury money market funds will not impose a fee upon the sale of your shares.

3. You could lose money by investing in a money market fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The fund may impose a fee upon the sale of your shares. An investment in the fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Fidelity Investments and its affiliates, the fund’s sponsor, is not required to reimburse the fund for losses, and you should not expect that the sponsor will provide financial support to the fund at any time, including during periods of market stress.

4.

The Fidelity Cash Management account is a brokerage account designed for investing, spending and cash management. Investing excludes options and margin trading. For a more traditional brokerage account, consider the Fidelity Account.

5. Fidelity Rewards+ generally requires $250,000 invested through Fidelity® Wealth Services, Fidelity® Strategic Disciplines, or a combination of both registered as an individual account, a joint account, or certain types of revocable trusts. Assets in other registration types, such as irrevocable trusts, partnerships, or LLCs, will not be included when determining program eligibility. Fidelity Rewards is not offered as a component of any advisory service or program through Fidelity, including, without limitation, Fidelity® Wealth Services and Fidelity® Strategic Disciplines. While there are no program enrollment fees, eligible managed accounts are charged an advisory fee.

Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917.

1111891.3.0

Fidelity's money market funds - Fidelity (2024)

FAQs

How safe are Fidelity money market funds? ›

While not insured by the FDIC, the funds are required by federal regulations to invest in short-maturity, low-risk investments, making them less prone to market fluctuations than many other types of investments.

What is the current interest rate on Fidelity money market fund? ›

Fidelity Cash Management Account
Money Market Mutual Fund Overflow7-day yieldEffective yield
Fidelity® Government Money Market Fund Class S4.95%5.07%

Does Fidelity automatically invest in SPAXX? ›

SPAXX is Fidelity Investment's prime money market fund. If you have a Fidelity brokerage account, your idle cash is automatically invested in SPAXX to earn its dividend.

How much does Fidelity pay on a money market account? ›

At Fidelity, any uninvested cash deposited in a Fidelity brokerage account is automatically put in a money market fund now earning 4.95%—just one more way we're providing industry-leading value for our customers.

What happens to my investments if Fidelity goes bust? ›

SIPC protects brokerage accounts of each customer when a brokerage firm is closed due to bankruptcy or other financial difficulties and customer assets are missing from accounts, including a limit of up to $500,000 in securities with a maximum of $250,000 on claims for cash awaiting investment.

What is the downside of a money market account? ›

Indirectly losing money, however, is a downside of money market accounts. Indirect loss can occur if the interest rates tied to the account fall, thus diminishing the initial return value of your account.

What is Fidelity's best money market fund? ›

Fidelity Money Market Fund (SPRXX)

The Fidelity Money Market Fund invests in short-term securities to produce a high level of current income while maintaining stability and a high level of liquidity. The securities purchased may be issued by domestic or foreign issuers.

Which money market fund is best? ›

7 Best Money Market Funds for 2024
FundExpense Ratio7-day SEC yield
Vanguard Federal Money Market Fund (VMFXX)0.11%5.3%
Vanguard Treasury Money Market Fund (VUSXX)0.09%5.3%
Vanguard Municipal Money Market Fund (VMSXX)0.15%3.3%
Fidelity Money Market Fund (SPRXX)0.42%5.0%
3 more rows
5 days ago

What is 7 day yield on SPAXX? ›

Key Data
LabelValue
7 Day Yield4.9500
Gross Seven Day YieldN/A
Min Initial SubscriptionN/A
Total Shares OutstandingN/A
11 more rows

Is my money safe in Fidelity SPAXX? ›

Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.

How much does Fidelity SPAXX pay? ›

Dividend Yield Analysis
SPAXXCategory High
Dividend Yield5.07%2.17%

Is SPAXX guaranteed? ›

The fund invests in U.S. government securities issued by entities that are chartered or sponsored by Congress, but whose securities are neither issued nor guaranteed by the U.S. Treasury.

How much will $10,000 make in a money market account? ›

A money market fund is a mutual fund that invests in short-term debts. Currently, money market funds pay between 4.47% and 4.87% in interest. With that, you can earn between $447 to $487 in interest on $10,000 each year.

Is SPAXX compounded daily? ›

Money market funds like Fidelity Government Money Market (SPAXX) accrue interest daily, and the system deposits this interest on the last business day of the month. Previous payments can be reviewed via your "Activity & Orders" tab on Fidelity.com.

What is the current interest rate on Fidelity money market accounts? ›

Refine
Fund NameDateYield
7 Day
Fidelity Government Money Market Fund Symbol SPAXX CUSIP 31617H102 Fund # 45805/17/20244.95%
Fidelity Government Money Market Fund Symbol SPAXX CUSIP 31617H102 Fund # 45805/18/20244.95%
Fidelity Government Money Market Fund Symbol SPAXX CUSIP 31617H102 Fund # 45805/19/20244.95%
32 more rows

Is my Fidelity money market insured? ›

All Fidelity brokerage accounts are covered by SIPC. This includes money market funds held in a brokerage account since they are considered securities.

What is the safest money market fund? ›

Vanguard Treasury Money Market Fund

This fund only invests in US Treasuries and repurchase agreements insured by the federal government, making it among the safest in a category of relatively safe investments. The weighted average maturity of the fund's holdings is 43 days.

Is it safe to have all my money at Fidelity? ›

Protecting your assets

With our Customer Protection Guarantee, we reimburse you for losses from unauthorized activity in your accounts. We also participate in asset protection programs such as FDIC and SIPC to help provide the best service possible.

Is it safe to keep more than $500,000 in a brokerage account? ›

They must also have a certain amount of liquidity on hand, thus allowing them to cover funds in these cases. What this means is that even if you have more than $500,000 in one brokerage account, chances are high that you won't lose any of your money even if the broker is forced into liquidation.

References

Top Articles
Latest Posts
Article information

Author: Carmelo Roob

Last Updated:

Views: 5915

Rating: 4.4 / 5 (65 voted)

Reviews: 88% of readers found this page helpful

Author information

Name: Carmelo Roob

Birthday: 1995-01-09

Address: Apt. 915 481 Sipes Cliff, New Gonzalobury, CO 80176

Phone: +6773780339780

Job: Sales Executive

Hobby: Gaming, Jogging, Rugby, Video gaming, Handball, Ice skating, Web surfing

Introduction: My name is Carmelo Roob, I am a modern, handsome, delightful, comfortable, attractive, vast, good person who loves writing and wants to share my knowledge and understanding with you.