Park $250,000 in the Fidelity Government Money Market Fund (NASDAQ:SPAXX) at today’s roughly 3.5% yield, and you collect about $8,750 in interest a year. Your state wants a cut of nearly half…
Most Fidelity investors never question where their idle cash lands, but the default choice comes with a fee that quietly compounds against you every time short-term rates shift.
Millions of Fidelity account holders park cash in FDRXX without a second thought, but the fund tucked quietly into their core position may be generating more income than anything else in their…
Fidelity quietly assigned your uninvested cash to a fund you never chose, and the fee structure baked into it means most investors are leaving money on the table without realizing it.
