Personal Investments • Cash at Fidelity

FZDXX at Fidelity. 5.17%.
$100,000 minimum

An important point:
You need $100K to GET INTO FZDXX.
Once in, it does not matter how much money you keep there.
I have had my FZDXX holdings down to a few thousand $....never had a problem...and I have been in FZDXX for many years. I have never held anywhere near $100K in FZDXX for very long, especially since TIPS became desirable in mid-2022.

Right. I've switched over to FDLXX for my main "checking" account, but still hold a few bucks in FZDXX in case the after-tax yield situation changes.

Note that the FZDXX minimum is only $10K in an IRA.

Yep, most of my cash in my Fido CMA (used as my checking) is in FDLXX but I keep a little in FZDXX, FZCXX and FZEXX so I have access if the yield in one of those becomes more advantagous for me.

Kevin and anon, why do you switch to FDLXX for your main checking acct., instead of just keeping it in FZDXX, which has a higher yield (5.13% vs. 4.93%)? Sure, the yield difference is pretty trivial, but what is the advantage of FDLXX?

I just use FZDXX as my checking acct, as well as my emergency fund. When money comes in, it automatically goes to SPAXX, and whenever I notice money there (like when my SS payment arrives) I just transfer it to FZDXX.

Am I missing something?

Statistics: Posted by protagonist — Mon Jun 10, 2024 9:42 pm — Replies 53 — Views 9420

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