Fidelity Cash Management Account vs Marcus By Goldman Sachs High Yield Savings Account

Fidelity Cash Management Account
Marcus by Goldman Sachs High Yield Savings Account
Verified Confidence: 85%

Verdict: Fidelity Cash Management Account wins for users who value banking features alongside yield, beating Marcus on APY by 0.58% and adding unlimited ATM access per Fidelity disclosures. Marcus trails in versatility but matches on zero fees and FDIC protection. CNET and Bankrate rate Fidelity higher for hybrid cash needs.

Winner: Fidelity Cash Management Account

Fidelity Cash Management Account: 8.5/10

Marcus By Goldman Sachs High Yield Savings Account: 7.5/10

Spec-by-spec comparison

Fidelity Cash Management AccountMarcus By Goldman Sachs High Yield Savings Account
Current APY4.98%4.40%
FDIC CoverageUp to $5M via program banksUp to $250K per depositor
ATM ReimbursementUnlimited domesticNone
Minimum to Open$0$0

Fidelity Cash Management Account

What works

  • Unlimited ATM fee reimbursements worldwide
  • Debit card with no foreign transaction fees
  • Seamless integration with Fidelity brokerage for investing

What doesn't

  • Yield can fluctuate with money market rates
  • No physical branches for in-person support

Marcus By Goldman Sachs High Yield Savings Account

What works

  • Consistently competitive fixed savings rate
  • No fees of any kind
  • Strong customer service reputation

What doesn't

  • No debit card or checking features
  • Transfers limited to 6 per month

Bottom line

Our pick: Fidelity Cash Management Account.

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