I calculated the other day that between all of the cash in our business accounts & personal accounts, I was losing about $300/mo in interest I could be earning if that cash was invested with my other short-term monies.
But if I transferred it all out, I’d need it right back again for the various activities that happen inside my personal/business checking accounts.
Ugh.
Wouldn’t it be great if there was a checking account equivalent that returned ~5% on your sitting cash like the money market accounts are doing right now?
Welcome to Fidelity Cash Management Accounts.
I was listening to a podcast recently where the host was transferring most of his “bank...