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Podcast: Collect Cash
Episode: Fidelity RAISES 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 about 4.5% 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 ri...