Hi guys, Welcome to the Advanced Video Search Engine, and you are watching 5% Interest in Checking | Fidelity Cash Management Explained. That video is uploaded by Nick Doyle - Achieve Financial Independence at 2023-03-19T06:45:03-07:00. We are promoting this video only for entertainment and educational purpose only. So, I hope you like & enjoy it. [twaEK-QDQJo]
| Name | 5% Interest in Checking | Fidelity Cash Management Explained |
| Video Uploader | Video From Nick Doyle - Achieve Financial Independence |
| Upload Date | This Video Uploaded At 19-03-2023 13:45:03 |
| Video Discription | How to earn 5% interest in a checking account, how risky is it, and how it can be better than T-Bills directly. Is this the best place for cash? Note: In the video, I mentioned 4.2% interest which were the rates at the time. Rates have gone up and the money market funds mentioned are closer to 5% now. Also, Fidelity will begin allowing SPAXX as the core position in CMA accounts starting June 15, 2024. #highinterest #moneymarket --- Follow-up Videos: How to Choose the Best Money Market Fund? https://youtu.be/Gz4Ze6hPVAo T-Bills: This Will Shock You [Worst Investment?]: https://youtu.be/xUNsYhk3YyU Investment Policy Statement [6 Step Investment Strategy]: https://youtu.be/_VCzrkGsBf8 Asset Allocation Explained [Modern Portfolio Theory]: https://youtu.be/QTgvWPAihIc Three-Fund Portfolio [The BEST Portfolio!]: https://youtu.be/R81Z-obeB3s Six Retirement Withdrawal Strategies Compared: https://youtu.be/rwe8CaAUNR0 --- Resources CMA FDIC Disclosure https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/PDF_Fidelity_Cash_Management_Account_FDIC_Disclosure_document_%28PDF%29.pdf CMA FDIC Program banks: https://accountopening.fidelity.com/ftgw/aong/aongapp/fdicBankList?type=fcma --- Outline 00:00 Intro 01:27 Fidelity Cash Management Account Overview 02:23 Core or Sweep Positions & FDIC Insurance 03:32 Using Money Market Funds with Cash Management Account 04:46 FDLXX A T-Bill Money Market Fund & Risks 07:58 Using a Brokerage and Cash Management Accounts 10:09 Higher Returns than Traditional Checking & T-Bill ladder? 12:24 Some of the Downsides 13:47 $100 Bonus --- Disclaimer: I am not a financial advisor. My videos are for educational purposes and are my opinions. You should seek advice from a professional advisor or perform your own research. There is no guarantee you will be successful following my opinions. twaEK-QDQJo |
| Category | Education |
| Tags | best place for cash | where to invest cash | treasury bills fidelity | where to keep cash right now | cash management account fidelity | fdlxx | treasury money market fund | fidelity treasury money market fund | best money market funds | best checking | best checking account 2023 | best checking account | best place to put cash |
