Now, you can manually purchase FDLXX at any time with your SPAXX balance with no transaction fees. Then, whenever your SPAXX is zero and you still need cash, Fidelity will sell FDLXX on demand to fund any cash needs (Billpay, ACH withdrawal, debit card purchase, stock purchase, etc)...
Please note that on or around June 15, 2024, you’ll have the option to elect Fidelity(R) Government Money Market Fund (SPAXX) as your core sweep investment vehicle. You will not need to take any action if you wish to retain the Bank Sweep as your core position. For additional informa...