Table of Contents
- Automatic sweep of uninvested cash into money market funds
- FWIW, this is not available in Schwab. [asof | 2023-09-21]
- Customer service is great. [today | 2023-09-22]
|Account||core positions available|
|Brokerage||FCASH, FZFXX, SPAXX|
|Account||core position I am using||asof|
|FZFXX||Fidelity Treasury Money Market Fund||https://fundresearch.fidelity.com/mutual-funds/ratings/316341304|
|SPAXX||Fidelity Government Money Market Fund||https://fundresearch.fidelity.com/mutual-funds/summary/31617H102|
|FZCXX||Fidelity Government Money Market Fund||https://fundresearch.fidelity.com/mutual-funds/summary/31617H706||came across it from https://thefinancebuff.com/fidelity-cash-management-checking-savings.html|
|Fund||7-Day Yield (%)||Expense ratio (bps)||minimum investment ($)||asof|
|Fund||invests in||last checked|
This information can be obtained by going to the fund's page (ex:- https://fundresearch.fidelity.com/mutual-funds/summary/316341304) → Summary → “Composition by Instrument” table
links I came across
- tags | core position
linking a bank account
On 2023-07-xx, I tried to link CFCU checking account to Fidelity brokerage account in order to do an EFT (Electronic Funds Transfer). But I could not do it since Fidelity is asking for CFCU account's credentials. It is asking for this even when I chose “Enter my bank information on my own” instead of choosing “Log into my bank account with Plaid”.
This issue seems to be specific to (Fidelity, CFCU). I was able to link accounts at other banks such as TD Bank, Capitalone to Fidelity without any issues.
I am not comfortable giving my bank account credentials to Fidelity.
Solution 1: I called Fidelity the customer service. The representatives suggested to fill out a paper form, scan it and mail it to them. This form can be found as follows:
Login into fidelity.com → search for 'forms' in the top right 'Search or get a quote' bar → click on 'Online Forms and Applications' → All Forms → pg-6 → Electronic Funds Transfer (EFT) → Download the PDF
Solution 2: Work around it by transferring money to a different bank (ex:- CFCU → Capitalone → Fidelity).
securing the account
- Enable two factor authentication
- Turn on lockdown