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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: upanddown who wrote (83265)4/19/2007 9:12:49 AM
From: ridingycurve  Read Replies (3) of 206326
 
The Select Money Market Portfolio pays a slightly higher yield than Cash Reserves, but Cash Reserves is always the sweep account. IOW, a transfer must be made into Select, as well as a transfer out to cover any stock purchases.

Seven figure individual accounts qualify for the institutional money market, which currently pays 23 basis points more than Cash Reserves.

personal.fidelity.com

Edit: Don't know what I was thinking. Fidelity will automatically pull funds from other money market accounts if there are not sufficient funds in Cash Reserves to cover a purchase.
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