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FAQs
How much interest does Fidelity SPAXX pay? ›
Additional Information
| Return Type | 1 Yr | 3 Yrs |
|---|---|---|
| AFTER TAXES ON DISTRIBUTIONS Close | ||
| Fidelity® Government Money Market Fund | 2.94% | 1.43% |
| AFTER TAXES ON DISTRIBUTIONS AND SALE OF FUND SHARES Close | ||
| Fidelity® Government Money Market Fund | 2.94% | 1.43% |
Three top money market mutual funds are the Fidelity Government Money Market Fund (SPAXX), the Vanguard Federal Money Market Fund (VMFXX), and the American Century Capital Preservation Fund (CPFXX).
Is it safe to keep money in SPAXX? ›SPAXX specifically holds U.S. government securities and repurchase agreements that are seen as very low risk but are not guaranteed by the US Treasury. Money market funds typically have low interest rates, comparable with a high-yield savings account.
What is the interest rate on Fidelity Government Money Market Fund? ›Refine
| Fund Name | Date | Yield |
|---|---|---|
| 1 Day | ||
| Fidelity Government Cash Reserves Symbol FDRXX CUSIP 316067107 Fund # 55 | 05/29/2024 | 5.00% |
| Fidelity Government Money Market Fund Symbol SPAXX CUSIP 31617H102 Fund # 458 | 05/29/2024 | 4.97% |
| Fidelity Government Money Market Fund - Advisor Cl M Symbol FZGXX CUSIP 31617H870 Fund # 3018 | 05/29/2024 | 4.69% |
Key Data
| Label | Value |
|---|---|
| 7 Day Yield | 4.9700 |
| Gross Seven Day Yield | N/A |
| Min Initial Subscription | N/A |
| Total Shares Outstanding | N/A |
Money market funds like Fidelity Government Money Market (SPAXX) accrue interest daily, and the system deposits this interest on the last business day of the month. Previous payments can be reviewed via your "Activity & Orders" tab on Fidelity.com.
Does Fidelity automatically put your money in SPAXX? ›SPAXX is Fidelity Investment's prime money market fund. If you have a Fidelity brokerage account, your idle cash is automatically invested in SPAXX to earn its dividend.
Is Fidelity SPAXX tax free? ›SPAXX is the Fidelity Government Money Market fund, used for the default core position on many accounts. A portion of the dividends are attributable to US treasury interest and exempt from state taxes.
Which is better SPAXX or Fdrxx? ›Like SPAXX, FDRXX is another U.S. government money market fund. For all intents and purposes, it is basically an older version of SPAXX. Their holdings are nearly identical and they have nearly the same yield and the same historical returns. FDRXX launched in 1979 and has a 7-day SEC yield of 5.02%.
What dividend does SPAXX pay? ›SPAXX Dividend Payout History
| Amount | Adj. Amount | Ex-Div Date |
|---|---|---|
| 0.0033 | 0.0033 | 1/31/2023 |
| 0.0031 | 0.0031 | 12/31/2022 |
| 0.0027 | 0.0027 | 11/30/2022 |
| 0.0022 | 0.0022 | 10/31/2022 |
How safe is Fidelity government money market? ›
Stability & safety
While not insured by the FDIC, the funds are required by federal regulations to invest in short-maturity, low-risk investments, making them less prone to market fluctuations than many other types of investments.
Government money market funds invest only in assets backed by the federal government—for example, Treasury bonds. Because of this government backing, they're considered the safest and most liquid type of money market fund. They often include the words "government fund," "Treasury fund," or "federal fund" in their name.
What is the current yield of SPAXX? ›Dividend Yield Analysis
| SPAXX | SPAXX % Rank | |
|---|---|---|
| Dividend Yield | 5.07% | 27.16% |
SPAXX Dividend Payout History
| Amount | Adj. Amount | Ex-Div Date |
|---|---|---|
| 0.0039 | 0.0039 | 2/29/2024 |
| 0.0042 | 0.0042 | 1/31/2024 |
| 0.0042 | 0.0042 | 12/31/2023 |
| 0.0041 | 0.0041 | 11/30/2023 |
2.69% 2.72%