Empower Personal Cash vs Fidelity Cash Management Account
Side by side on the numbers that decide it. The Money 8020 Score already weighs these — this is the receipts.
Money 8020 pick E Empower Personal Cash Empower 82/100 | FI Fidelity Cash Management Account Fidelity Investments 82/100 | |
|---|---|---|
| Tier | Strong | Strong |
| APY | 3.00% | 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 Empower Personal Cash or the Fidelity Cash Management Account?
The Empower Personal Cash and the Fidelity Cash Management Account score evenly at 82/100 in our ranking, so the better choice comes down to fit. Lean to the Fidelity Cash Management Account if people who want a no-fee spending hub with ATM fee reimbursement; otherwise the Empower Personal Cash is the safer default.
On aPY, the Empower Personal Cash shows 3.00% versus the Fidelity Cash Management Account's 1.84%. On fDIC coverage, the Empower Personal Cash shows Via program banks versus the Fidelity Cash Management Account's Reimbursed. On protection, the Empower Personal Cash shows FDIC (program banks) versus the Fidelity Cash Management Account's Up to $4M. Both figures are reflected in the Money 8020 score above; confirm current terms with each provider before deciding. This is not financial advice.
Empower Personal Cash vs Fidelity Cash Management Account: FAQ
Is the Empower Personal Cash or the Fidelity Cash Management Account better?
The two score evenly at 82/100 in our ranking, so the right pick depends on your situation — the Fidelity Cash Management Account fits if people who want a no-fee spending hub with ATM fee reimbursement, otherwise the Empower Personal Cash is a safe default.
What is the main difference between the Empower Personal Cash and the Fidelity Cash Management Account?
On aPY, the Empower Personal Cash offers 3.00% 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.