Money Market Sweep Account
A Money Market Sweep Account is both a checking and investment account, providing you the potential to earn even more money on your funds. Any amount over your peg balance* can be swept into any of the following funds:
- Fidelity Treasury Money Market Portfolio (U.S. Treasury securities)
- Fidelity Prime Money Market Portfolio (High-quality securities)
- Fidelity Tax-Exempt Money Market Portfolio (Municipal securities)
Money Market Sweep Accounts can meet the needs of all kinds of businesses including corporations, partnerships, sole proprietorships and nonprofit organizations.
Money Market Sweep Account Features
- Earn money market interest rates
- Choose from three investment options
- A personal account representative
- Automatic movement of funds into investment account
Want to know more about money market sweep accounts? Contact your commercial banking representative for more information or to sign up. You can also contact us via phone or e-mail.
*The earnings allowance, which offsets activity charges, is calculated on the average collected balance in the checking account portion of the sweep account. This earnings allowance may or may not be sufficient to avoid a monthly service charge. The peg balance is set to determine the amount of money to move in and out of the Fidelity Funds. Balances in the checking account portion of the sweep account are insured by the FDIC to the maximum permitted by law.
Fidelity Funds are:
NOT FDIC INSURED - MAY LOSE VALUE - NO BANK GUARANTEE
Performance contained on this site is for past periods only. Past performance is not predictive of future results. Return and share price will vary. Shares may be worth more or less than their original cost when redeemed.
For more complete information about the Fidelity Funds, please call our Investment Banking Division at 866.651.9262. Please read it carefully before you invest or send money.