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Yes, you can hold money market funds directly in a cash management account. That's what I do. They're treated exactly as cash, so under the tab "Available to wi
by whitepoplar 8y ago
Yes, you can hold money market funds directly in a cash management account. That's what I do. They're treated exactly as cash, so under the tab "Available to withdraw," all money market funds are included in that number.
- astura 8y agoThank you very much! Does the Regulation D six withdraw a month limit apply? Might depend on the money market fund you choose?
- whitepoplar 8y agoNope, does not apply to money market funds as far as I know. You can always double check with Fidelity live chat/phone support.
- whitepoplar 8y agoI just confirmed that Reg D doesn't apply to money market funds in Fidelity cash management accounts, since technically, they're not bank accounts, but brokerage accounts with banking features. This is probably why Schwab doesn't offer the same feature, because Schwab is a bona fide bank and offers true bank accounts to complement their brokerage accounts.