Things on this page are fragmentary and immature notes/thoughts of the author. Please read with your own judgement!

1. Fidelity is a good choice for managing retirement accounts.

Cash Sweep Program

1. Fidelity has cash sweep programs, which is supported by the concept of "core position". Core position is the default investment that uninvested money will be automatically moved to.

2. The default "core position" is FDRXX. You can change your core position by clicking on it under your positions tab. It will then give you the option to change it. You can find FDIC insured rates at Fidelity® Cash Management Account .

References

• Trading FAQs: About Your Account

• What is a core position?

• SPAXX vs. FZFXX, FDIC, FCASH, FDRXX – Fidelity Core Position