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Fidelity Money Market Review
Fidelity's money market account combines a competitive rate with genuine check-writing and debit card access — features many money market accounts don't include, making it a strong choice for investors who already use Fidelity's brokerage platform.
What Makes Fidelity Stand Out
Unlike many money market accounts limited to a handful of transaction types, Fidelity's option includes both check-writing and a debit card, functioning much like a full checking account while still earning a competitive money market rate.
Fidelity Money Market Details
| Feature | Details |
|---|---|
| Minimum Balance | $0 |
| Check-Writing | Yes |
| Debit Card | Yes |
| Integration | Direct with Fidelity brokerage account |
Who Fidelity's Money Market Is Best For
Ideal if you're already investing with Fidelity and want your uninvested cash earning a competitive rate right alongside your brokerage account, without needing to open a separate bank account elsewhere.
What to Watch For
If you're not already a Fidelity customer, opening an account specifically for the money market fund means managing yet another provider — compare against your existing bank's money market or savings options first.
Frequently Asked Questions
Not necessarily, but it's most convenient for existing Fidelity customers, since the money market account integrates directly with your brokerage account for easy cash management.
This depends on the specific product — a money market account (bank deposit) is FDIC-insured, while a money market mutual fund is not. Confirm which type you're opening before depositing.