Fidelity Is Giving Out Monthly Payments! SPAXX vs FZFXX

Today I will explain Fidelity’s Core Positions (uninvested cash) that automatically goes into SPAXX and FZFXX money market accounts that will accrue interest. At the time of this recording that is over 3.3% and gets paid monthly. Even with how high inflation is these days, that is an attractive yield for a fund that invests everything into Government securities. Government bonds are a low risk investment as the government can just print money to pay back investors. SPAXX and FZFXX are also impacted by interest rates which will dictate how high or low the yield will be. Follow me on my new Instagram: CitizenoftheYear! Be sure to like, comment and subscribe for more content. Catch me where ever you get your podcast! Fidelity Is Giving Out Monthly Payments! SPAXX vs FZFXX

Disclaimer:This is not financial advice and I am not a licensed financial advisor. Always do your own research before investing and work with a licensed financial advisor. These are my opinions for informational purposes only and not to be taken as investing advice. Some of the links on this page are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Affiliate commissions help fund videos like this one

[EMan-cuzo]

Happy to finally get paid on my money market fund. Got next to nothing over the last three years on it. Now it is over 4% so happy to get it.

[potatoesandgravy]

I'm in the process of transferring my m1 finance account over to fidelity (for multiple reasons) but one of them was because i could get some interest on cash not invested. Didnt know there were multiple core account options for non retirement accounts. Great video and perfect timing for my situation 👌

[lalachannetwork]

I just got fidelity SPAXX myself since times is rough I'm putting my money their let it stack and use it for emergencies only like bills

[_ZYELYNE_]

Very Helpful! I was just thinking I need to park some cash to collect a little extra interest so this is perfect!

[drhoads]

I had no idea about that change core position for the FCASH option. Thank you so much for this video. I just switched from FCASH to SPAXX.

[freddiejonesy]

Great video! I'm storing my emergency fund in SPAXX too for a greater return.

[jamesrobertson]

I have VMFXX as my sweep at Vanguard and as of 11/25 the 7 day SEC yield was 3.67%. I understand that the SEC yield is measured after expenses. Vanguard only charges 11 basis points on that fund as the expense ratio compared to Fidelity's 42 basis points. Yes Vanguard's website sucks compared to Fidelity, same with the phone app. But if when parking cash right now, Vanguard seems my better bet.

[Seoulsearch]

Thank you so much for this video! I knew about the first and second but not about the last, so I'll have to check it out. Great content!

[DaleNorenberg]

Could someone use SPAXX Money Market as a replacement for a checking account?

[citizenoftheyearCC]

What are your favorite non-dividend stock assets to put money into?

[johnndominguez]

So will my money make interest for sitting on SPAXX?

[jacebowers]

Great info! Question, would you tranfer your 6-12 month emergency fund into these accounts so you can recieve that high interest rate. Being safe and liquid makes sense. Thanks.

[rshcam]

Fidelity SPRXX gives better yield. It's 30 day yield is around 4.54%. YTD - 2.56%. It is not offered as a core option but requires you to buy.

[ceciliaruns]

I have the Fidelity Bloom savings account and it has SPAXX.

[TheSoundDoctors]

Are we worried about paying taxes on interest on SPAXX or FZFXX? Only if you make a certain amount?

[terriontk]

When does it goes into your account like on the 15 th of every month??

[STP-bccy]

Fidelity account, is it better to invest in individual stocks or just keep cash in spaxx core account? Which one is safer?

[karlbork]

What about the expense ratio? Ate you taking that into account?

[mattk]

Great info! Would I be able to draw money out from SPAXX with a fidelity debit card?

[Starmajor]

Can you give an example of the SPAXX 7 day yield? If I put $500, what will it be in the next month if the 7 day yield is 3.86% as I type this? The math is simple, but I want to make sure my understanding is correct.