I'm sitting on more cash than normal right now. I sold about 400k worth of my investments in December so I'd have enough money for a house down payment (still looking for one). I just realized that my Fidelity core position is "FCASH" which is described as a "free credit balance" and shows a current interest rate of 1.19% as of August 1st. It gives options to change to two different Money Market accounts SPAXX (shows a 7 day yield of 1.42%) or FZFXX (shows a 7 day yield of 1.49%).
Just wondering, what's the drawbacks of switching from FCASH? Are there risks I should be aware of?
Submitted August 25, 2022 at 03:12AM by Investnew https://ift.tt/GxyIlSF
