Betterment Cash Reserve vs Fidelity Cash Management Account
Side by side on the numbers that decide it. The money8020 Score already weighs these — this is the receipts.
money8020 pick B Betterment Cash Reserve Betterment 94/100 | FI Fidelity Cash Management Account Fidelity Investments 82/100 | |
|---|---|---|
| Tier | Essential | Strong |
| APY | 3.25% | 1.84% |
| Monthly fee | $0 | $0 |
| FDIC coverage | Via program banks | Reimbursed |
| Protection | FDIC (program banks) | Up to $4M |
| Annual fee | — | — |
| Best for | Investors who want a high yield on cash next to their brokerage | People who want a no-fee spending hub with ATM fee reimbursement |
| View profile | View profile |
Which should you choose: the Betterment Cash Reserve or the Fidelity Cash Management Account?
The Betterment Cash Reserve is the stronger pick of the two, with a money8020 score of 94/100 versus 82. Choose the Fidelity Cash Management Account instead if people who want a no-fee spending hub with ATM fee reimbursement.
On aPY, the Betterment Cash Reserve shows 3.25% versus the Fidelity Cash Management Account's 1.84%. On fDIC coverage, the Betterment Cash Reserve shows Via program banks versus the Fidelity Cash Management Account's Reimbursed. On protection, the Betterment Cash Reserve shows FDIC (program banks) versus the Fidelity Cash Management Account's Up to $4M. Both figures are reflected in the money8020 score above; confirm current terms with each provider before deciding. This is not financial advice.
Betterment Cash Reserve vs Fidelity Cash Management Account: FAQ
Is the Betterment Cash Reserve or the Fidelity Cash Management Account better?
By our scoring, the Betterment Cash Reserve edges ahead with a money8020 score of 94/100 versus 82. The Fidelity Cash Management Account can still be the better fit if people who want a no-fee spending hub with ATM fee reimbursement.
What is the main difference between the Betterment Cash Reserve and the Fidelity Cash Management Account?
On aPY, the Betterment Cash Reserve offers 3.25% while the Fidelity Cash Management Account offers 1.84%. Review the full table above and confirm current terms with each provider. This is not financial advice.