Why I'm Leaving My Bank for the Fidelity Cash Management Account

I've decided to move most of our checking account funds to the Fidelity Cash Management Account. In this video I'll walk through why I'm making this move.

Fidelity CMA: https://www.fidelity.com/spend-save/f...
Fidelity SPAXX: https://fundresearch.fidelity.com/mut...
Finance Buff Article 1: https://thefinancebuff.com/fidelity-c...
Finance Buff Article 2: https://thefinancebuff.com/best-fidel...

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Timestamps
0:00 - Fidelity Cash Management Account
1:45 - SPAXX
4:43 - FDIC Insurance/Partner Banks
7:54 - Downsides
10:36 - Other money market funds
11:40 - Finance Buff article
12:17 - Recap

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ABOUT ME

While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. Today I'm the Deputy Editor of Forbes Advisor, managing a growing team of editors and writers that produce content to help readers make the most of their money.

I'm also the author of Retire Before Mom and Dad--The Simple Numbers Behind a Lifetime of Financial Freedom (https://amzn.to/3by10EE)

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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.

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