Fidelity has recently opened a new checking type account called the “mySmart Cash Account” that yields 3.50% APY on balances. This isn’t necessarily the highest rate available, but depending on your needs this could be a good choice for you. Here are some of the account’s details:
Free checkwriting, with no charge for standard checkbooks online Fidelity BillPay.
Free online Fidelity BillPay.
No-fee ATM/Debit card at ATM machines displaying the Visa, PLUS or STAR logo. (Any ATM fees charged to your account by another institution will be credited back to your account on the same day)
A credit card with no annual fee that lets you redeem points for cash back into your mySmart Cash Account at a 1.5% rate.
Free Electronic Funds Transfer.
Overnight transfer of funds to or from your investment accounts.
This checking account is FDIC insured while the Fidelity money market account is not; but most people consider money market accounts at large institutions like Fidelity to be fairly safe. This account could also be useful if you already have an investment account with Fidelity. Login Fidelity Investments mySmart Cash Account www.fidelity.com
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