Alternatives to Fido Cash Mgmt Acct re Sweeps to Multiple Banks

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InvestorThom
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Joined: Sun May 07, 2017 12:10 pm

Alternatives to Fido Cash Mgmt Acct re Sweeps to Multiple Banks

Post by InvestorThom » Thu Mar 22, 2018 10:04 pm

Fidelity’s Cash Management Account sweeps the balance to multiple banks. This is helpful if you are holding more than the $250k FDIC insured limit— ie, you’re cover as if you have multiple bank accounts.

Is there an alternative to Fidelity? Does anyone else offer this?

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