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Podcast: Collect Cash
Episode: Fidelity Just RAISED Interest Rates AGAIN!
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Today I will explain Fidelity’s Core Positions (uninvested cash) that automatically goes into SPAXX and FZFXX money market accounts that will accrue interest. At the time of this recording that is over 4% and gets paid monthly. Even with how high inflation is these days, that is an attractive yield for a fund that invests everything into Government securities. Government bonds are a low risk investment as the government can...