Is Sprxx FDIC insured?

Is Sprxx FDIC insured?

No it is not FDIC insured. It is a money market mutual fund.

Does Fidelity offer high yield savings?

While we do not currently offer a traditional High-Yield Savings Account, there may be similar products that work for you depending on your investment goals, timeframe and risk tolerance. You can learn more about some of these products here.

What is the yield on Spaxx?

Key Stats

Expense Ratio Total Assets Under Management Dividend Yield
0.42% 227.73B 0.01%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized All Time Total Returns (Daily)
29.08B 0.01% Upgrade

What core position is best?

If money does end up in the core position, since this is an investment account you want to optimize growth. Interest rates are currently extremely low, but if they rise in the future, SPAXX will provide higher returns, so choose it. TL;DR: It doesn’t matter, but pick SPAXX.

What is the safest Fidelity Investment?

A bond can be one of the safer investments, and bonds become even safer as part of a fund. Because a fund might own hundreds of bond types, across many different issuers, it diversifies its holdings and lessens the impact on the portfolio of any one bond defaulting.

Can I lose money in SPAXX?

You could lose money by investing in the fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.

Can I sell my SPAXX stock?

You don’t need to sell it. If you want the amount in SPAXX to decrease, then just buy a mutual fund or stock.

Why did Fidelity Give me Spaxx?

Fidelity Government Money Market Fund (SPAXX), a taxable money market mutual fund investing in U.S. Government Agency and Treasury debt, and related repurchase agreements. Intended for investors seeking as high a level of current income as is consistent with the preservation of capital and liquidity.