Robinhood Gold provides 4.65% for brokerage cash amount. What rate does Fidelity or other brokerages offer?
Money markets are considered cash. Also, fidelity going under is like JP Morgan going under but got brokerages. To big to fail, not gonna happen
Imagine working at Amazon and not knowing how Google works. What are we, human ChatGPT here to answer any of your easily researchable questions?
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Fidelity and Vanguard have money market fund sweep which pays fed funds rate (currently ~5%).
Is it FDIC insured?
It is SPIC insured