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Fidelity Cash Management is a free account that has great customer service options and a solid interest rate.
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Overall star rating: 4.7/5.0
The Fidelity Cash Management account offers a solid interest rate with the added perks of up to $5 million in federal insurance and unlimited worldwide ATM fee reimbursements.
The account is provided by Fidelity, a brokerage firm, which means it’s not a bank account and doesn’t have the same regulations that a bank would have. The Federal Deposit Insurance Corp. insurance that Fidelity offers comes from the partner banks that Fidelity works with. As is the case with most cash management accounts, Fidelity sweeps its customers’ deposits into accounts at these banks behind the scenes and the deposits are given FDIC insurance by extension.
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A savings account is a place where you can store money securely while earning interest.
A savings account is a place where you can store money securely while earning interest.
4.00%Annual Percentage Yield (APY) is accurate as of 10/09/2025. APY may change at any time before or after the account is opened. Available only online.
5.00%Annual Percentage Yield (APY) is accurate as of June 17th, 2025. Start earning 2.50% APY, then qualify to earn 5.00% APY on your balance up to $5,000.00 and 2.50% APY on balances over $5,000 next month by 1) Receiving direct deposit(s) totaling $1,000 or more; and 2) Ending the month with a positive balance in all your Varo Accounts. No fees, no minimums required. Rates subject to change at any time.
Up to 4.15%The Base Annual Percentage Yield (APY) is 3.50%, from program banks, is as of 11/07/25, is variable and is subject to change. If you are eligible for the overall boosted rate of 4.15% offered in connection with this promo, your boosted rate is also subject to change if the base rate decreases during the three-month promotional period. This limited-time promo offers eligible new Wealthfront clients a 0.65% APY increase over the standard base APY for 3 months on up to $150k in their Cash Accounts. Cash Account offered by Wealthfront Brokerage LLC, Member FINRA/SIPC, and is not a bank. Base APY (is representative, subject to change, requires no minimum) is paid from our Program Banks.
3.90%Cash Reserve offered by Betterment LLC and requires a Betterment Securities brokerage account. Betterment is not a bank. Learn More (https://www.betterment.com/cash-portfolio). Annual percentage yield (variable) is 3.25% as of 12/12/25, plus a 0.65% boost (“APY Boost”) for new clients with a qualifying deposit. $10 min deposit for base APY. Terms apply (betterment.com/boost); if the base APY changes, the Boosted APY will change. FDIC insurance provided by Program Banks (https://www.betterment.com/cash-portfolio), subject to certain conditions.
Min. balance for APY
$0
CDs (certificates of deposit) are a type of savings account with a fixed rate and term, and usually have higher interest rates than regular savings accounts.
CDs (certificates of deposit) are a type of savings account with a fixed rate and term, and usually have higher interest rates than regular savings accounts.
4.10%All Bread Savings APYs are accurate as of 12/04/2025. APYs are subject to change at any time without notice. Offers apply to personal accounts only. Fees may reduce earnings. To open a CD, a minimum of $1,500 is required and must be deposited in a single transaction. A penalty will be imposed for early withdrawals on CDs. At maturity, your CD will automatically renew and earn the base interest rate in effect at that time. Rates are compared against competitor rates published by NerdWallet.com and the institutions themselves as of 12/04/2025. NerdWallet.com obtains the data from the various banks that it tracks and its accuracy cannot be guaranteed.
4.10%Annual Percentage Yield (APY) is subject to change at any time without notice. Offer applies to personal non-IRA accounts only. Fees may reduce earnings. For CD accounts, a penalty may be imposed for early withdrawals. After maturity, if your CD rolls over, you will earn the offered rate of interest in effect at that time. Visit synchrony.com/banking for current rates, terms and account requirements. Member FDIC.
Term
9 months
Checking accounts are used for day-to-day cash deposits and withdrawals.
Checking accounts are used for day-to-day cash deposits and withdrawals.
2.00%Annual Percentage Yield (APY). APY may change at any time and fees may reduce earnings. Please visit etrade.com/ratesheet for more information. The $15 monthly account fee can be waived when you maintain an average monthly balance of at least $5,000 in the account on or after the end of the second calendar month from opening the account.
Monthly fee
$15
Money market accounts pay rates similar to savings accounts and have some checking features.
Money market accounts pay rates similar to savings accounts and have some checking features.
Best for: Those looking for a free cash account that earns a little interest alongside a Fidelity brokerage account.
Read on for more information about Fidelity’s cash management account features and customer experience.
Where Fidelity shines
Where Fidelity falls short
Unlimited ATM fee reimbursements globally.
No monthly fees or minimum opening deposit requirements.
FDIC insurance on cash balances.
Limited in-person support.
» Want to check out other cash management accounts? See NerdWallet's list of the best CMAs
Checking and savings features
4.6
NerdWallet rating
NerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service.
The Cash Management Account is not technically a checking account, but it operates similarly to one in that it offers a debit card, check writing and FDIC protection through Fidelity’s partner banks.
Great ATM access. Account holders can access cash at more than 1 million ATMs worldwide.
ATM fee reimbursements. Fidelity reimburses ATM fees charged by other institutions globally.
No monthly fees. This account has no monthly fees or minimum balance requirements.
Fidelity doesn’t charge overdraft or continuous negative balance fees. Transactions will either be covered from a backup source if you opt in to Fidelity’s optional Cash Manager feature or rejected.
High federal insurance through third-party banks. Customers receive up to $5 million in Federal Deposit Insurance Corp. coverage through partner banks, which is twenty times the normal amount for FDIC insurance.
Option to invest cash in safe investments. Apart from putting cash into third-party banks, Fidelity’s cash management account alternatively lets customers put their cash into a money market fund, which is a type of mutual fund invested in short-term, low-risk investments such as U.S. Treasurys.
Downsides
Overdraft transfers need to be funded from a separate Fidelity account. These accounts include a Fidelity brokerage account or a Fidelity margin account.
NerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service.
Upsides
Strong remote customer service options. Human phone support is available 24/7. Fidelity also has customer support available on Reddit. Chatbot and human chat support is available on the website.
High app store ratings. Both Apple and Google Play users rate the Fidelity app highly.
Mobile check deposit. Customers can deposit checks into their cash management account through the Fidelity mobile app.
A downside
Branch support is hard to come by. There are only about 200 financial planning offices scattered across the country.
