What are the investment options for my Core account?
For Retirement accounts like IRAs, your only Core account option is Fidelity Cash Reserves, a money market fund1. For Brokerage accounts, your Core is an interest-bearing cash account called FCASH2, unless you specified otherwise when you opened your Fidelity Account. FCASH should be used for cash temporarily awaiting reinvestment; it is not intended solely for the purpose of earning interest. Investors should consider higher yielding investment alternatives for funds not needed immediately. You can change your Core account at any time by calling a Fidelity Representative at 1-800-544-6666. You cannot change your Core account online. You can review additional core account choices below the following table.
For Retirement accounts Fidelity Cash Reserves, a money market fund, is available for your Core position. For certain IRAs, if you do not affirmatively select a different core account position on your account application, newly established Fidelity IRAs (including traditional, rollover, and SEP-IRAs), and newly established Fidelity Roth IRAs and Fidelity SIMPLE-IRAs, will be established with an FDIC-Insured Deposit Sweep (the “Sweep”) as the default option for the core account position. However, during the account opening process, you can affirmatively elect to change this default option to a Fidelity money market mutual fund (generally, the Fidelity Cash Reserves money market fund or any other investment vehicle Fidelity might make available for this purpose). For more information about the Sweep, please refer to the FDIC-Insured Sweep Program Disclosures document. For Brokerage accounts, your Core is an interest-bearing cash account called FCASH2, unless you specified otherwise when
