What is Fidelity’s Checking Account Interest Rate?
Similar to other brokerages, Fidelity’s checking account interest rate offers a checking account for those who want to park their cash there. Fidelity offers 2 options for the checking accounts:
- Government Money Market Fund – 4.97% yield
- FDIC Insured Deposit Sweep Program
This post is about Fidelity’s Checking Account Interest Rate.
Let’s dive into the top 5 pros to Fidelity’s Checking Account Interest Rate:
1. Higher yield than the average checking account
4.97%! Talk about not your average checking account yield! This is on par with many of the HYSA bank offerings out there (think Ally, Marcus, Varo, etc). This is a great place to park your liquid cash to earn extra $ should you need access to it.
2. No Fees
No account fees AND no account minimums to open! Which means you don’t even have to think about the amount you’ll have to lock away in this account just to avoid being charged fees.
3. ATM Fee Reimbursement
While Fidelity may not have their own exclusive ATM machines, your account will be automatically reimbursed for all the ATM fees charged by other institutions. This happens only when you use their Fidelity Debit Card.
4. Debit Card
As with any other checking account, you’ll get a debit card that’s linked to the checking account. You’ll be able to use it without fees.
5. Mobile Check Deposits
Another great feature is the ability to do mobile check deposits! It’s great to know that Fidelity’s checking account offers so many of the features other banks offer while giving members a MUCH higher interest rate!
5. Mobile Check Deposits
To reiterate, the top 5 benefits to Fidelity’s Checking Account Offers Interest Rate are:
- Higher yield than the average checking account
- No fees
- ATM fee reimbursement
- Debit card
- Mobile check deposits
There you have it! Interested in learning more about investments other than high yield savings accounts? Check this post out for the best high yield investments.
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