Fidelity Cash Management Account vs Vanguard Cash Plus Account
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 TV Vanguard Cash Plus Account The Vanguard Group 85/100 | |
|---|---|---|
| Tier | Strong | Strong |
| APY | 1.84% | 3.10% |
| 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 Vanguard Cash Plus Account?
The Vanguard Cash Plus Account is the stronger pick of the two, with a Money 8020 score of 85/100 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 Vanguard Cash Plus Account's 3.10%. On aTM fees, the Fidelity Cash Management Account shows Reimbursed versus the Vanguard Cash Plus Account's Via program banks. On fDIC coverage, the Fidelity Cash Management Account shows Up to $4M versus the Vanguard Cash Plus Account'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 Vanguard Cash Plus Account: FAQ
Is the Fidelity Cash Management Account or the Vanguard Cash Plus Account better?
By our scoring, the Vanguard Cash Plus Account edges ahead with a Money 8020 score of 85/100 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 Vanguard Cash Plus Account?
On aPY, the Fidelity Cash Management Account offers 1.84% while the Vanguard Cash Plus Account offers 3.10%. Review the full table above and confirm current terms with each provider. This is not financial advice.