Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills
I have enough points for a redemption about $100 dollars worth. When I went to the rewards center, I added my investment account. Said something about reduced rewards if deposited to a savings or checking account. Is there a money market attached to the investment account? Do you redeem your rewards to the checking account Fidelity provides with this account?
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- Location: Illinois
Mine goes into my "cash"/sweep/money market account at Fidelity automatically. If you set it to auto-deposit you don't even have to wait for $100 to accumulate, I get $30-200/month deposited.
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I just have them send me a check when it reaches $250 in rewards to get them at 2% level. No Fidelity account or other account needed.
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JamesSFO wrote:Mine goes into my "cash"/sweep/money market account at Fidelity automatically. If you set it to auto-deposit you don't even have to wait for $100 to accumulate, I get $30-200/month deposited.
Wow, that's good to know. I was doing it manually.
Also, the rewards will not automatically buy their money market. They will go into a "security" named FCASH.
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