
Fidelity's brokerage account interest rates are competitive with those of other top online brokerages.
Fidelity offers a range of interest rates on its brokerage accounts, depending on the type of account and the balance.
For a Fidelity Cash Management Account, the interest rate is currently 2.15% APY.
This rate is higher than the national average, making it a great option for those looking to earn higher returns on their cash.
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Compare Our Rates
Fidelity's rates are competitive, but not the highest. A higher rate on cash can help with rising costs.
Fidelity's 7-day yield on their Government Money Market Fund is 4.01% as of 1/16/25. This is a decent rate, but not the best.
You can compare Fidelity's rates to other popular options, like Schwab. Their Default Sweep APY is 0.05%, which is much lower than Fidelity's rate.
Here's a comparison of Fidelity's rates with some other popular cash management accounts:
These rates can vary due to market conditions, so it's essential to keep an eye on them.
Interest Rate Information

Fidelity offers competitive rates on cash, with a 4.01% 7-day yield on their Government Money Market Fund, significantly higher than Schwab's 0.05% Default Sweep APY.
The rates on Fidelity's cash accounts can help with rising costs, and there are no account fees or minimums to open.
Fidelity's margin interest rates are variable, but typically lower than credit cards and unsecured personal loans. The rates are tiered based on the size of the margin loan, with lower rates for larger balances.
Here's a breakdown of Fidelity's margin interest rates:
Keep in mind that Fidelity's base margin rate is 11.325%, effective since December 20, 2024.
Example and Explanation
Let's dive into an example of how margin interest works on a Fidelity brokerage account. There's no set repayment schedule, so monthly interest charges accrue to your account, and you can repay the principal at your convenience.
A portion of your margin interest may be tax deductible, but you should consult your tax advisor for details.
If this caught your attention, see: Saving Account Interest Tax
A hypothetical loan with an average daily debit balance of $100,000 and a margin interest rate of 11.075% would result in a yearly interest charge of $11,075.
To calculate the daily interest charge, you would divide the yearly interest charge by 360, which equals approximately $30.76 per day.
You can expect to see the margin interest charged to your account on the first business day following the 20th of each month.
Consider reading: Margin Brokerage Account
Sources
- https://www.fidelity.com/go/manage-cash-rising-costs
- https://www.fidelity.com/trading/margin-loans/margin-rates
- https://www.usatoday.com/money/blueprint/banking/fidelity-cash-management-account-interest-rates/
- https://www.fidelity.co.uk/statutory-and-regulatory-disclosures/how-we-manage-your-cash/
- https://adviserservices.fidelity.co.uk/products/cash/your-clients-cash-options-on-our-platform/cash-accounts/
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