Fidelity Cash Management Account vs Wealthfront Cash Account
Side by side on the numbers that decide it. The money8020 Score already weighs these — this is the receipts.
FI Fidelity Cash Management Account Fidelity Investments 82/100 | money8020 pick W Wealthfront Cash Account Wealthfront 93/100 | |
|---|---|---|
| Tier | Strong | Essential |
| APY | 1.84% | 3.30% |
| Account fees | $0 | $0 |
| ATM fees | Reimbursed | Up to $8M |
| FDIC coverage | Up to $4M | $0 |
| Annual fee | — | — |
| Best for | People who want a no-fee spending hub with ATM fee reimbursement | Savers with large balances who want coverage above $250k |
| View profile | View profile |
Which should you choose: the Fidelity Cash Management Account or the Wealthfront Cash Account?
The Wealthfront Cash Account is the stronger pick of the two, with a money8020 score of 93/100 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 Wealthfront Cash Account's 3.30%. On aTM fees, the Fidelity Cash Management Account shows Reimbursed versus the Wealthfront Cash Account's Up to $8M. On fDIC coverage, the Fidelity Cash Management Account shows Up to $4M versus the Wealthfront Cash Account's $0. Both figures are reflected in the money8020 score above; confirm current terms with each provider before deciding. This is not financial advice.
Fidelity Cash Management Account vs Wealthfront Cash Account: FAQ
Is the Fidelity Cash Management Account or the Wealthfront Cash Account better?
By our scoring, the Wealthfront Cash Account edges ahead with a money8020 score of 93/100 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 Wealthfront Cash Account?
On aPY, the Fidelity Cash Management Account offers 1.84% while the Wealthfront Cash Account offers 3.30%. Review the full table above and confirm current terms with each provider. This is not financial advice.