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Investing - Theory, News & General • Fidelity to Push Advisor Clients Into Lower Yielding Cash Sweep Accounts

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Per that article Fidelity will still cover checks/transactions from money market mutual fund accounts that the client has - which so far has been true for individual investors as well. We keep excess cash in a government money market or prime money market account and checks and other transactions that don't go through the sweep account are paid from the money market account automatically without having to do anything - hopefully that nice feature will continue.

Statistics: Posted by drzzzzz — Tue Dec 03, 2024 9:12 am — Replies 9 — Views 1141



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