As of 4Q 2023, the average money market interest rate is over 5% thanks to aggressive Fed rate hikes since 2022. For those who have money sitting around in a savings or checking account, please move your money into a money market fund like SPAXX. You'll likely earn much more interest ...
Fidelity Government Money Market Fund (SPAXX) Fidelity Money Market Fund (SPRXX) Fidelity Municipal Money Market Fund (FTEXX) Portfolio Analysis Fidelity has upped its game with a fully customized, self-directed Financial Planning Tool. This tool is similar to a basic financial plan one might ...
Perhaps Fidelity noticed this activity as well, or perhaps they noticed certain 5% APY cash offerings from competitors, because in less than two months (June 15, 2024), the CMA is adding the Fidelity Government Money Market Fund (SPAXX) an a core position option. If you have a Fidelity Ca...
Balances above $5 million may be placed in a non-FDIC insured money market fund, which earns a different rate. 1. Yield may vary due to market conditions. 2. The Cash Balance in the Fidelity Cash Management Account is swept into an FDIC-Insured interest-bearing account at one or ...
Fidelity Government Money Market Fund (SPAXX), a taxable money market mutual fund investing in U.S. Government Agency and Treasury debt, and related repurchase agreements. Intended for investors seeking as high a level of current income as is consistent with the preservation of capital and liquidi...
FZFXX is also a taxable money market mutual fund but invests in U.S. Treasury securities plus related repurchase agreements. Other than that, it is quite similar to SPAXX, and FZFXX's average annual return over three years and gross expense ratio were the same as SPAXX. Both are very ...
Analyze the Fund Fidelity ® Government Money Market Fund having Symbol SPAXX for type mutual-funds and perform research on other mutual funds. Learn more about mutual funds at fidelity.com.
Balances above $5 million may be placed in a non-FDIC insured money market fund, which earns a different rate. See details below. 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 ...