Fidelity (Brokerage Cash) vs Wealthfront (Brokerage Cash)
Head-to-head comparison of Fidelity Cash Management Account and Wealthfront Cash Account, updated daily.
Wealthfront (Brokerage Cash) currently wins on APY: 4.50% vs 4.05%
| Feature | Fidelity (Brokerage Cash)Updated 1d ago | Wealthfront (Brokerage Cash)Updated 1d ago |
|---|---|---|
| APY | 4.05% | 4.50%★ |
| Min opening deposit | $0★ | $1 |
| Min balance for APY | $0 | $0 |
| Monthly fee | $0.00 | $0.00 |
| Insurance | FDIC | FDIC |
| Compounding | daily | monthly |
| ATM access | Yes | Yes |
| Check writing | Yes | Yes |
| Mobile app | Yes | Yes |
| Editor rating | 4.6 / 5 | 4.7 / 5★ |
Fidelity (Brokerage Cash) verdict
Fidelity's Cash Management Account is the cleanest "all-in-one" replacement for both checking and savings if you are willing to use a brokerage. The ATM fee reimbursement is industry-leading. Yield is slightly below the pure-play HYSAs but the convenience and integration usually justify it.
Read full Fidelity (Brokerage Cash) review →Wealthfront (Brokerage Cash) verdict
Wealthfront's Cash Account is technically a brokerage sweep product, not a bank account — but the practical experience is identical, and the FDIC pass-through coverage ceiling is the highest on this list. If you have over $250k in cash, Wealthfront is the cleanest way to keep it fully insured in one place.
Read full Wealthfront (Brokerage Cash) review →