Fidelity’s current FCash rate is higher than what Schwab pays, but still well below some money-market funds currently available to clients. Barron's Advisor. Read More.

The current annual percentage yield on FCASH is 2.35% (with a 2.32% interest rate), while Fidelity's own Government Money Market Fund (SPAXX) posts a 4.27% SEC seven-day yield. Currently, the cash ...

Starting next year, Fidelity will put cash held in nonretirement brokerage accounts in its FCash product, which pays an interest rate less than half of some money-market accounts.

After all my years of writing about investing, I had no idea what was going on behind the scenes. I doubt you did, either.