Fidelity Cash Management Account

The Fidelity Cash Management Account is a versatile hybrid that functions like a checking account but is backed by the power of a major brokerage. It offers unlimited ATM fee reimbursements, no monthly fees, and no foreign transaction fees. It is designed for investors who want to keep their cash liquid while having immediate access to their funds for spending or investing. Because it is not a traditional bank account, it offers unique features like 'core position' sweep options, making it a sophisticated choice for those who want to optimize their cash management.