Fidelity Cash Management Account vs Robinhood Gold Cash Sweep
Side by side on the numbers that decide it. The Money 8020 Score already weighs these — this is the receipts.
FI Fidelity Cash Management Account Fidelity Investments 82/100 | Money 8020 pick R Robinhood Gold Cash Sweep Robinhood 84/100 | |
|---|---|---|
| Tier | Strong | Strong |
| APY | 1.84% | 3.35% |
| Account fees | $0 | $0 |
| ATM fees | Reimbursed | Via program banks |
| FDIC coverage | Up to $4M | FDIC (program banks) |
| Annual fee | — | — |
| Best for | People who want a no-fee spending hub with ATM fee reimbursement | Investors who want a high yield on cash next to their brokerage |
| View profile | View profile |
Which should you choose: the Fidelity Cash Management Account or the Robinhood Gold Cash Sweep?
The Robinhood Gold Cash Sweep is the stronger pick of the two, with a Money 8020 score of 84/100 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 Fidelity Cash Management Account shows 1.84% versus the Robinhood Gold Cash Sweep's 3.35%. On aTM fees, the Fidelity Cash Management Account shows Reimbursed versus the Robinhood Gold Cash Sweep's Via program banks. On fDIC coverage, the Fidelity Cash Management Account shows Up to $4M versus the Robinhood Gold Cash Sweep's FDIC (program banks). Both figures are reflected in the Money 8020 score above; confirm current terms with each provider before deciding. This is not financial advice.
Fidelity Cash Management Account vs Robinhood Gold Cash Sweep: FAQ
Is the Fidelity Cash Management Account or the Robinhood Gold Cash Sweep better?
By our scoring, the Robinhood Gold Cash Sweep edges ahead with a Money 8020 score of 84/100 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 Fidelity Cash Management Account and the Robinhood Gold Cash Sweep?
On aPY, the Fidelity Cash Management Account offers 1.84% while the Robinhood Gold Cash Sweep offers 3.35%. Review the full table above and confirm current terms with each provider. This is not financial advice.