CMA

justdaisukeyo

About 15 years ago, I consolidated all my 401k's into Vanguard. They're ok. Then my current employer moved their 401K into Fidelity and that was when I found out that Fidelity had more features than Vanguard. Fidelity's CMA is far better than Vanguard's. Fidelity also has an HSA. I still have about 1/2 my assets at Vanguard. If I had to do it all over again, I probably would have consolidated my assets at either Fidelity or Charles Schwab. I don't understand your comment about not being able to go back. If you don't like Vanguard, you can always move your rollover IRA to another company. Just make sure to invest in ETFs to simplify transfers.

TurbulentAmphibian96

$GETY actually looks kinda slept on here imo. Not saying it’s some guaranteed moon mission, but the setup is pretty interesting. Getty and Shutterstock just got a big merger win with the UK CMA conditionally clearing the $3.7B deal as long as Shutterstock sells its editorial business, and they already had unconditional DOJ clearance in the US, so the biggest overhang is looking way less scary now. On top of that Getty is not just some dying stock photo dinosaur, they’ve been working with Nvidia on commercially safe generative AI tools, which matters because brands actually care about licensed content and not getting sued over random AI slop. Stock is beaten down, shorts are crowded, and if people start realizing the merger plus AI angle is still alive, this thing could get real annoying for shorts fast. Not financial advice

SPACguy

Maybe, or rather a condition precedent. What CMA CGM is doing in this PIPE is not as clear.

SPACguy

"The funding round brings together a group of leading international investors, comprising technology players, industrial companies, and institutional investors including Parkway, Quanta Computer, LG Electronics and CMA CGM. The European Innovation Council Fund, Temasek, **Saudi Aramco Entrepreneurship Ventures** and ISAI continue their commitment alongside the company."

GRA_Finvestments

Holding: **$ONCO** - High Short Interest and CTB, trending through AH, Float under 1MM, Trending through ON **$GETY** - Trending, Merger with Shutterstock, received conditional approval from UK's Competition and Market Authority (CMA) last week. **$INO** - Hanta/Ebola

pjstarke

I recently implemented a 3-tier cash strategy: -Tier 1 - Fidelity CMA in SPAXX at about 3.3% (functions like a checking account). - Tier 2 - HYSA at OpenBank earning 4.0%. Funds (up to $5,000 daily EFT limit) available in 24 hours. - Tier 3 - Fidelity CMA invested in cash-like high-dividend positions - 10% each of SGOV, CSHI, SCHD, GPIQ, and GPIX. Currently returning about 6.04%. Dividends on all these positions are somehow tax-advantaged. No state tax on SGOV or CSHI, qualified dividends on SCHD, and mostly tax-deferred ROC on GPIQ and GPIX. If interest rates drop I may shift more cash further up the tiers to earn more interest unless I need the cash soon for a specific reason. I’m 5-10 years out from retirement, so trying to build my cash pile/buffer to protect portfolio in down years.

Welcome-To-NBA-Jam

Kind of. One option is to bank at the same place as your brokerage. With margin enabled, you can sell, immediately transfer, and the next day it'll be covered after the funds settle. If it's a weekend or holiday then you have to wait until the next open market day for the funds to settle. The other option is to do a Cash Management Account (CMA) with Fidelity. Your funds will be in a money market account (most choose SPAXX) and you get a debit card with it. You can also order checks with it. This is probably the best of both worlds if you have situations where you need cash immediately and cannot wait until the next market day. The interest rate for SPAXX is usually fairly competitive and is 3.28% right now. Another interesting one I've seen people do is to just open a home equity line of credit and simply have it available. Write a convenience check, then cover the loan as soon as you sell your positions elsewhere. You have to do this strategically though and think of it as an ultra short loan to yourself - you can pay people immediately but you can cover it when the market is open, and you really should only use it for that purpose if you're going this route. It's functionally not much different than the margin transfer option, except the loan is tied to your house.

Peacencalm9

I do not want debit card. Just need CMA account. I have their brokerage account already

Peacencalm9

Can we opt-out debit card if we open CMA

Peacencalm9

Is it fidelity CMA?

ChewyHarmoo

I invest $288 every paycheck into VT in a dedicated CMA for next year’s Roth contributions. Jan 1 i sell and transfer the funds to the IRA

kirsion

I have most of my cash position in CMA account

Sirknowit

Brokerage side total $470K of that \~$60K in SGOV rest in 5 other solid ETF. And on the CMA side \~$32K sitting in the SPAXX sweep account incase we need it "now". I don't see a disadvantage. We also have a nice chunk sitting in the Capital One HYSA. If ya don't want to get into the market or not fully in then ANY thing were you're earning some decent interest is better than a crappy no interest account.

stealthlysprockets

I’m doing both. I have an HSYA that I just got to 50k that’s my oh shit I need this today money. Then a smaller saving account with maybe 3k in it to back up my checking account in case of over drafts. Finally the rest goes into a fidelity CMA for SGOV I don’t need to touch this money unless my HSYA can’t cover it for some reason, like a down payment on a house or something.

Sirknowit

You've answered your own question I think. It comes down to true liquidity. How soon might you need the money? Immediately!!! Then open the HYSA and the cash is ready all the time. Can wait a day or three for the sale of SGOV to complete and the money to get to your account? Then SGOV is the answer. The middle road is where is the brokerage? We have a chunk of cash at Fidelity. $32K in the CMA in SPAXX earning very close to SGOV numbers another $63K in SGOV on the brokerage side. We also have another $40K sitting in Capital One's HYSA. If I had ONE choice and knew I didn't the money in a couple hours...SGOV and done.

znightmaree

A CMA is a Cash Management Account. It is for all intents and purposes a checking account. You can get a debit card and a checkbook etc. In the CMA the default position is SPAXX, which generates a smaller amount of interest than SGOV treasuries, but still better than a normal checking account. You can buy SGOV with your money in the account. When you sell SGOV it takes a business day to settle (T+1) before you can move it around like the money in SPAXX, which is fully liquid. It sounds more complicated than it is. Very easy

znightmaree

Anytime I have a CMA on Fidelity that has about 1/10th of my emergency fund in SPAXX (can be withdrawn or transferred immediately) and the other 9/10ths in SGOV (T+1 settlement but with the aforementioned benefits). Works well for me

FreeformSensei

I appreciate the insight! Hopefully OMER getting a J-Code from CMA a little over a week ago will help with getting insurance approvals quicker. I also think getting EMA approval will give the stock a boost, but the big catalyst would be an EU partnership. Either I’m bullish on OMER long term, whether that takes 4 months or 9 months like you suggested

isolated-cat

HORMUZ REOPENS—THEN SHUTS AGAIN Shipping briefly resumed in the Strait of Hormuz Saturday before Iran warned the route was closed, triggering U-turns. Twelve ships exited early (half Iran-linked) and only three entered. The supertanker FPMC C Lord led departures with 2 million barrels of crude. Soon after, at least nine tankers and four CMA CGM container ships turned back. The reversal came hours after signs of reopening, as U.S. restrictions and Iran’s response plunged the corridor back into uncertainty. this is getting ridiculous

stealthlysprockets

Sounds like you have fidelity. SPAXX is a core position where for each dollar you put in, you get 1 share of Spaxx which has a monthly dividend payout. If this is in a CMA account this is functionally similar to a high yield savings account. HYSA comes in roughly 3.2% interest where spaxx is closer to 3.4%.

kim82352

looking forward to us seizing MSC / Maersk / CMA CGM ships. this is going to get funny.

kim82352

looking forward to us seizing MSC / Maersk / CMA CGM ships. this is going to get funny.

OkValuable454

nope that s 1$ per barrel on oil and gas shipments or containers, not all boats, food and perishable are exempt; Iraq is exempt, Russia and China have special deals, neutral allies, Pakistan, India and Malaysia too. The full price 1$ per barrel or container is for non-aligned "Westerners": France with CMA CGM, Japon with Mitsui, Denmark and Maersk, and the Italo-Swiss MSC. Non-aligned as, which did not follow blindly US and Israel and negotiated. Probably Qatar on this list For the others, Israel and the US, and aligned with them, UAE and KSA, we don't know yet.

coolfission

Ironically, schwab allows automatically reinvesting dividends into ETFs but not buying fractional ETFs. Fidelity is so much better when it comes to fractional shares but I still stick with Schwab for checkings and emergency fund (VBIL treasury ETF) because I’ve found Fidelity CMA doesn’t work well with third-party connections and doesn’t support Zelle. 

daedalus_dance

>A French-owned container ship, the CMA CGM Kribi, has safely exited the Strait of Hormuz, the first known Western-linked transit since the Iran war began. The vessel sailed from Dubai, hugged the Iranian coast, and signaled French ownership throughout its journey. — Bloomberg France really did just neutral chad out of this problem lol

Opposite-Bet

Funny this morning I was just thinking "why doesn't Iran let CMA CGM go through, they're not pro Israel" Worked for CMA CGM, founder was from Lebanon, and they don't work at all with Israel for what seemed to be political reasons, in that sense it's not that surprising that Iran sees them as okay to go through

GaylrdFocker

How often do you expect to log into every site? Roth Ira you can log in once a year to contribute or set up automatic contributions. The 401K you don't need to log into except to set it up. etc with other accounts. Also, you don't have a choice with your 401K, it's controlled by your employer. If it's with Fidelity, Schwab, or Vanguard then it's perfectly fine to open an IRA with them. Fidelity also has a CMA which can be used as a HYSA, Schwab and Vanguard have something similar.

Ceyenne18

You have come to the right place. All of us are CIMA, ACCA, CFA or CMA certified.

Yvese

Stick it in a HYSA, SGOV, or a Fidelity CMA.

Yvese

Pretty much what I'm doing. Monthly dividends, immune to market volatility and can easily liquidate if/when you want to buy back in. Anyone letting their cash sit is doing it wrong. Park it in SGOV or if you're really lazy and have Fidelity, their CMA is fine too.

Fiveby21

Yes, assuming you're a US resident, I don't see any reason to use a different brokerage. Fidelity's CMA is a gamechanger, the web UI is good, and the support is good.

kaapooj

>However, the resumption of shipments does not mean COSCO’s container vessels can transit the Strait of Hormuz. Multiple COSCO insiders indicated that ships will not pass through the strait for the time being. Instead, a solution similar to CMA CGM’s earlier approach will be adopted: containers will first be shipped by sea to ports on the eastern side of the strait—such as Sohar Port in Oman; Khor Fakkan Port and Fujairah Port in the UAE; and Jeddah Port in Saudi Arabia—and then transported onward to their final destinations in these countries via land transshipment.” https://x.com/ShanghaiMacro/status/2036782237753233688

Peacencalm9

Is it from brokerage account or CMA

m0viestar

Fidelity doesn't let you margin ETFs for 30 days now.  Some insividual stocks have insane margin requirements.  Their trade portal isn't great.  Transaction fees on Vanguard funds.  Not a big deal for average investors or if you're in Fidelity's fund ecosystem,  but for active traders it's not great.   Their CMA and MM sweep is king through 

MONGSTRADAMUS

I have used both schwab and fidelity and I think schwabs quirks are more annoying to me than fidelity's right now. The no partial shares of etfs and they don't have a default settlment fund like both fidelity and vanguard have. Fidelity CMA is a pretty nice pseudo checking account its not perfect but at least you can get decent interest rate, compared to schwabs where you get almost nothing in their checking account. For schwab being the most ex-pat friendly is a pretty nice perk.

sailortyx56

"The largest shipping groups, including MSC, Maersk, CMA CGM and Hapag-Lloyd, have told customers they reserve the right to invoke a 19th-century rule to allow them to leave containers at the nearest available port at their client’s expense."- Financial Times lol

Rush_Is_Right

>Pasqal is a leader in the industrialization of neutral-atom quantum computing, transforming Nobel Prize-winning research into real-world solutions for industry, science, and governments. Since its founding in 2019, Pasqal has built high-performance quantum systems and cloud-ready software designed to address complex challenges in optimization, simulation, and artificial intelligence. Pasqal, headquartered in France, employs over 275 people and serves over 25 clients, including CMA CGM, OVHcloud, Thales, IBM (Pasqal is part of the IBM Quantum Network), Nvidia, and Sumitomo. Backed by more than $300 million in total funding from leading international investors, Pasqal is accelerating the adoption of scalable, high-performance quantum computing worldwide. From listing track

spsteve

CMA CGM have suspended bookings for ports in Bahrain, Kuqait, Qatar and some of UAE, Saudi, Iraq - until further notice.

downundafumunda

so hear me out because i think monday is going to be absolutely nuts for OXY and i havent seen anyone talking about this yet for anyone who wasnt paying attention this weekend — US and Israel hit Iran friday night. like ACTUALLY hit them. khamenei is dead. operation epic fury. b2 stealth bombers the whole thing. and heres the part that matters for us: iran closed the strait of hormuz in response if you dont know what that means — 20% of the worlds oil moves through that strait every single day. its closed. done. ships cant get through. right now theres 750+ ships just sitting in the persian gulf. \~450 tankers, 170ish container ships, 200 bulk carriers, even 14 LNG carriers. just floating there. hapag lloyd suspended transits. maersk suspended. CMA CGM told their ships to shelter in place. the US navy literally told commercial shipping they cannot guarantee safety anywhere in the gulf three ships already got hit near the mouth of the strait. insurance premiums for war risk went up 50-100% overnight so OPEC had their meeting today (sunday). everyone was watching to see if they'd flood supply to calm things down. they debated releasing anywhere from 137k to 548k barrels per day. they went with 206k. thats basically nothing. thats SA saying "yeah we hear you" without actually doing anything to move prices. oil stays high. brent crude was trading around $80 OTC sunday. OXY closed in the mid 50s friday. do the math on what monday morning looks like. heres why i like OXY specifically over other energy names — their permian basin breakeven is around $40/barrel. at $80 brent theyre printing pure margin. but the bigger picture is what happens AFTER the initial spike. trump told the daily mail this is a "four week process." hes literally talking about regime change. theres already talk about reza pahlavi the exiled crown prince as the replacement. if that happens iran has 150 billion barrels of reserves that come back online and guess which countries companies get those reconstruction contracts? not china. not russia. american companies. OXY has middle east operating history. they are literally positioned for both sides of this trade. short term = oil spike. long term = reconstruction contracts in a new iran thats friendly to US interests oh and if you missed it — the big beautiful bill that passed last summer already killed green energy subsidies and went all in on fossil fuel. the legislative framework for american energy companies to dominate post war iran is already law i already own OXY calls. been in since before the strikes. looking to take profits on the gap monday because i think the initial spike is where the easy money is. but im holding some april calls for the longer thesis risks obviously — ceasefire could come faster than expected. trump says 4 weeks but who knows. OPEC could do an emergency meeting and actually release real supply. OXY also has significant debt from the anadarko deal so theyre not risk free even in a good environment anyway thats my take. do whatever you want with it. i just think most people are going to wake up monday morning and panic search "oil stocks" and OXY is going to be the answer positions: OXY calls. taking some profits monday, holding april expiration for the reconstruction thesis

Consistent_Rule101

According to Financial Times update around an hour ago: Shipping through the Strait of Hormuz, a critical waterway for global energy supplies, has slowed to a near standstill after insurers warned that they would cancel policies and raise premiums. The world’s three largest container shipping lines have suspended services through the Gulf. MSC, the world’s largest shipping line, said it would not be accepting bookings for cargo to the Middle East. Maersk and CMA CGM, the second- and third-largest groups, suspended journeys through the Bab el-Mandeb strait, a supply chain chokepoint connecting the Red Sea to the Gulf of Aden and the Indian Ocean. The decisions mean that a wider return to Red Sea shipping routes, which had been expected to bring down freight rates prior to US and Israeli strikes on Iran, is unlikely to materialise in the near future.

Entire-Flatworm-8498

"Based on the board of commissioners of the CMA, Bourse Kuwait announces the suspension of trading effective 3/1/2026, and until further notice,” the Kuwaiti stock market said in a notice on its website.

SamLeCoyote_Fix_1

News of the day. Alicia Reese (Wedbush) confirmed the BUY rating on GETY, target is $7 !!!! 1. Who needs this "BUY"? The broker needs buying clients (the "Longs") to supply the short sellers (the "Shorts"). In the financial plumbing system, for a hedge fund to short Getty, it has to borrow the stock. Where does the broker (like Wedbush) find these shares to lend? In the portfolios of its own institutional and retail clients. If the analyst says "SELL," the clients liquidate their positions. The broker no longer has inventory to lend. The "BUY" (with an absurd target of $7) serves as a narrative to convince buying clients to hold the stock in their accounts, thus guaranteeing the broker a permanent stock of loanable shares. 2. What trade does it facilitate? It facilitates the short and arbitrage industry. Hard-to-borrow stocks like GETY are the lifeblood of the speculative industry. Maintaining a "BUY" narrative allows the broker's Prime Brokerage department to tell hedge funds, "Don't worry, we have the stock; we can provide the 'locate' for your short sales." This also makes it easier for market makers to hedge their options (puts and calls are very active in binary options, such as the CMA's approval process). The narrative creates the liquidity needed for these large players to enter and exit their trades. 3. Where does the broker capture value? (Who is the big winner?) The broker hits the jackpot on interest rates (Securities Lending), not on advice. The analyst is just a marketing tool; the real business is on the trading floor. If Getty's CTB (Cost to Borrow) is 200% or higher: Share Lending Margin: The hedge fund pays 200% annualized interest to short Getty. The broker takes the shares from the margin account of their buying client (who listened to the "BUY" order), lends the stock to the hedge fund, collects the 200%, and pays only a fraction (or nothing at all) to the buying client. This is a massive, risk-free income for the broker. Margin Interest: Clients who buy Getty using the broker's money pay high debit interest. Execution Fees (Routing/PFOF): Each order generated by the illusion of this "Target $7" earns money through the spread.

EnCroissantEndgame

Except that, if you collected starting at 62, by 70 you will have $136.7k base assets to start from that the 70 year old **does not have**. The 70 year old **starts from zero**. This is a gigantic disadvantage to the person waiting until 70, because check this: If you let those lower $1424 payments just keep accumulating into a Cash Management Account at Fidelity that automatically holds the money in a way that is completely liquid for the owner (with autoredemptions when withdrawn or spent) it will be invested in SPAXX collecting coupons on short term government treasuries, AKA close to the "risk free rate" (at least for now while American debt is considered risk free) you'll earn whatever the current Fed funds rate is minus a quarter point for the convenience being fully liquid; or if you want the full yield of government treasuries you can have them deposited into a vanilla brokerage anywhere (Schwab, Vanguard, Fidelity etc.) (or even use the aforementioned CMA) where you can create auto-investment rules to automatically buy as many shares as possible of SGOV or something similar to get close to the full Fed funds rate each month and then also have those dividends for the coupon payments re-invested. We don't know ow what the fed funds rate will be next year let alone 5 or 8 years forward, but we know it's probably going to be between 0% and 10%, with a great deal of that probability density likely hanging between 1% and 5% to fulfill the Fed mandate on employment and inflation. Right now its 3.66%, lets just make it simple and make an educated guess that the average rate over that period is about 3% yearly, roughly 0.25% per month. So you can compute the total return for each months worth of investment as a mathematical series summing up the compounding return for each months return over `n` months with a growth (return) rate of `r` where `1+r` is the factor by which the individual deposits of `x` currency units grow (or decay if `r` is negative) each month. It contains `n` separate terms in the sum computing each return as a lump sum deposit left to grow on its own for each month. If you simplify that expression, we can write in in the form: T = x \[(1+r)^(n) \- 1\] / r Just notice for this simplified expression r=0 results in 0 divided by zero which is indeterminate but it turns out that the left and right side limits as r approaches zero yield a limit of T = x \* n and for n=96, x=1424, that would be exactly the $136.7k figure prior if we have zero growth. But we won't likely have zero growth, in specifically in the case that the CAGR for the 8 years works out to 0.25% per month, T = 1424 \* (1.0025^(96) \- 1) / 0.0025 = $154286.68, so over that time period we've actually earned $17.6k without taking any risk just holding 4 week treasuries when getting to 70 years old. So your figure of \~40k is already missing $17.6k which still has another 20 years to grow. In reality there's no need to be in such an ultraconservative allocation as only short term treasuries. A 60/40 US stocks / US bonds allocation is pretty standard retirement portfolio that keeps most of the driver of portfolio growth while smoothing out risk from crashes, at least traditionally, and it has one of the best risk adjusted returns easily implementable by average people. In the [past 150 years the 60/40 portfolio](https://www.morningstar.com/economy/6040-portfolio-150-year-markets-stress-test) has had 11 bear markets and has performed much better during those periods than the 100% equity portfolio while delivering a way better return than a full bond portfolio (bonds undergo bear markets infrequently compared to stocks so they are generally considered "safer" we we only care about retaining nominal purchasing power). Over that 150 year period $1 invested in a 60/40 portfolio grew -- in real terms -- by 440,700% to $4408, much less than the 3,551,700% growth ($1 becoming $35518) in a 100% equity portfolio. If we take the 150th root of the first percentage, we get the CAGR of the 60/40 portfolio 1.0575 or 5.75% annualized, which is great for a nominal rate let alone a real rate for the downside protection. The 100% equity will return is a CAGR of 1.0723, or 7.23% annualized. So using the expression for T I showed earlier, we convert the annualized return to a monthly return: 1.0575\^(1/12)=1.00467, 0.467% per month. We have a fairly safe way to earn 5.75 real return and get 1424\*\[(1.00467)\^96-1\] / 0.00467=$172k. In 8 years we've generated 75 months worth of the higher payments we'd get by waiting until 70, while simultaneously starting 70 with $172k more wealth than we'd have if we waited. Do you see objectively how you can never make an argument to wait unless you're so bad with money that you know you're going to gamble it all on horse races and buy drugs with it?

axl_370z

so im watching RCKT closely it has FDA approval coming up march 28th, they failed 2x FDA due to CMA...imo there's no way they fail a 3rd time....it's steadily on the climb and the drug Kresladi has a 100% success rate

SubstantiallyC

I keep $20k in Fidelity Cash Management so I can just set up automatic credit card payments and automatic brokerage account investments without having to check my balance to make sure it has enough money in it before withdrawals are processed. It's worth getting a slightly lower interest rate vs the highest available HYSA for the simplicity and stress free banking a Fidelity CMA provides. I keep like $500 in a Chase checking account in case I ever need a physical bank location for some reason. I go 1-2 times a year.

justdaisukeyo

I used to keep one month expenses in checking. I had large expenses (mortgage, insurance, big family, etc) so it was a lot of money earning almost no interest.  I changed it up by making all my bills due on the same day. This allowed me to keep all my money in my savings and then transfer the money a few days before everything was due. Kind of risky in case i make a mistake but I have a personal line of credit linked to my checking to prevent overdrafts.  Then I discovered Fidelity CMA. I now just keep all of my cash reserves in my CMA and pay everything through that account. 

steamydan

Fidelity CMA acts as checking and keeps your money in SPAXX. I keep 2-3 months worth of expenses in there and don't sweat moving money around and checking if every bill will clear.

Fit-Acanthaceae-5741

My exact setup with Fidelity CMA! I DCA weekly/biweekly into VOO/VEU/ONEQ/VYM + SGOV holds my Efund. Reinvest dividends. This account would be my first to be liquidated if I ever needed cash for anything like a big purchase, business opportunity, or partial retire hopefully 17-20 years out.

StatisticalMan

Yes. In terms of taxes Fidelity CMA is a taxable brokerage account. Note that while you could get capital gain distributions on FSKAX they are pretty rare. The tax efficiency of FSKAX isn't bad there just is little reason to not use an ETF. Each of the four advantages above are arguably quite small but why not get them.

steamydan

I switched from Schwab checking to fidelity CMA to not have to deal with checking and savings accounts anymore. I don't have to worry anymore about having too much balance in my checking account and losing out on interest. It has all the same benefits, atm reimbursement, checks, no international fees.

ATUGA

This is what the only financial advice I’ve ever given my parents is that their credit union was robbing them of interest. They’re very happy with their cash sitting in a Fidelity CMA… no risk of that backfiring.

Jclarkcp1

The US has 234 years of market stability. Europe could step up, but thier socialist tendencies won't allow themselves to create a business friendly environment. They have a stable market, and a stable government, but they have a lot of other issues...they just aren't business friendly. Europe does have a handful of world market dominating businesses (VW, Nestlé,CMA, Maersk, MSC, Shell) you could name about 20 probably. However, the US has hundreds of world market dominating companies and a very friendly business environment. Even with Trump tantrums, the government is stable and a safe bet. Plus the US spends money on tangible.products, where Europeans spend their money mostly on taxes and living. Where americans tend to have a higher disposable income, which creates an economy of consumers.

Cheeksabeatin

Thanks for letting me bounce some of this stuff off of you. Do you have thoughts on a CMA ad a more liquid, quicker access emergency fund along with a brokerage for general savings for big purchases, etc?

moiax

I have a CMA. I set my default core position to Fidelity's SPAXX, which is a money market fund. Treated like cash. Every Thursday, I buy a set amount of FDLXX, a treasury only Money Market. It is 97% treasuries and thus mostly state tax free. It will automatically liquidate when I pay bills or transfer. Interest is a smidge lower than something like VBIL or SGOV, but the function is better. I do keep a portion of my savings in SGOV, which I can liquidate in a day or two if needed. I can buy it right in my CMA account.

HairyBushies

It’s not a brokerage account or a bank account but a merger of the two. Some things not available with the CMA is margin and international trading. Otherwise you can buy/sell stocks, ETFs, mutual funds, etc. with it. I’d say it’s probably a good fit for 90% of people. Some have issues with transfers being held up to 10 days or whatever, but I’ve never experienced it or ran my accounts so close to the edge that a hold on deposited funds would cause issues for me.

roflfalafel

Yes. On the Fidelity site when logged in, there is a debit card management option, where you can order a debit card for the brokerage account. The CMA is a separate account type, even though it’s a brokerage under the hood, that has ATM fees reimbursed. Brokerage account might not have ATM fees reimbursed unless you are part of their Private Client Group. You can always open a CMA account and transfer money instantly to it from the brokerage account. https://www.fidelity.com/spend-save/faqs-atm-debit-card

AskPatient1281

Indeed. But I don't remember the last time I needed one. Imho, the CMA is the best financial product in the market today. No fees of any kind. Not even for Acats. Or wires out. It is head and shoulders above anything else.

CornerOne238

Capital One is offering a decent yield HYSA afaik. I prefer Fidelity CMA, but it's an option.

CornerOne238

Odd, I use CMA as well but only get 1.82% on cash, fdic sweep.

Hot_Concentrate_7496

I have found it pretty easy to link bank accounts to my fidelity brokerage account. Also, you could just go with a CMA at fidelity or Schwab.

the_bagel_warmonger

They give you checks that you can use with a CMA now. There's still no zelle functionality though.

TheHarb81

You can write checks from CMA

Opeth4Lyfe

Correct. The only down side is it’s basically direct deposit only either from work or another bank account, and you can’t write checks from it. Other than that it functions exactly like a checking account. I basically use it as one but I don’t do direct deposit I just transfer from my Chase account that I keep minimal cash in and everything else gets debited from my CMA including my rent. I only keep my Chase checking account incase I need to write a check….but haven’t had to do that in about 3 years lol.

PHL1365

CMA is technically not a bank account, but it effectively functions as one. One limitation is that you cannot deposit cash

ATUGA

Question for the Robinhood users in the chat: Does your bank show up as an **Instant bank transfer - deposit** option on Robinhood. If so, what bank do you use? I love my Fidelity CMA account, but I'm over it not playing nice with Plaid. It causes trouble with so many things. I wish Robinhood would just send me a banking invite already.

FantasticInvestor

I am sure you can convert to Roth without a delay if you contribute from your CMA account.

Seattleman1955

The Schwab sweep account goes into very low interest funds. You can manually use that money and buy into a better (higher interest rate money market). It's not automatic when is a hassle. I think you can get checks if you ask but I'm not sure. You pay taxes on any money market funds in a taxable account at any bank or brokerage. At Fidelity the CMA account is separate. If you want a debit card and checks it has to be from the CMA account. A sweep account just means anytime you have free cash in your account it is automatically "swept" into a money market that earns interest. At Fidelity that automatically goes into an account currently paying about 3.5 %. At Schwab it's less than 1%. If you want it to get into a higher interest account you have to do it manually each time. They do that on purpose so that you will forgot and they won't have to pay much for your money.

clingbat

Yes, in fact I think for Fidelity at least, you can actually get a check book and debit card to a CMA which is linked to your money market funds so you can freely swap money between the two (and your investments) and use the CMA essentially as a checking account. We don't do this, but it's an option. We just have our TD bank checking account directly linked to our MMFs. I doubt FZCXX can be set up in Schwab given its a Fidelity MMF, but you can always check, or they may have their own version of the same thing. No I mean VT. VT is vanguard's total world stock ETF that self balances US and international stocks across the entire globe (almost 10k stocks). I believe currently it's a 62% US / 37% international stock split. I can't think of a single more diversified single ETF that exists, hence me choosing it for my set and forget stock in taxable account. VTI is vanguard's total US stock ETF, so it lacks the international component (hence people pairing it with VXUS for international exposure).

Sure_Leadership_6003

Fidelity, highly recommend it for overall trading, I use their CMA and CC also. However I am opening a trading account with IBKR, that will be under my trading LLC.

Pendleton1910

I had this issue with a new account I wanted to use like a separate savings account. Realized the it was only the new account getting delayed so I started making the transfers with the older established brokerage then into the new account. After awhile they all seem to function the same. There are slightly different banking rules for Fidelity to follow between a brokerage and CMA. CMA is the only one I’ve experienced delays on.

BobViolin

I would highlight that platforms like Trustpilot are now answerable to the CMA (Consumer and Market Authority) and which introduced Digital Markets, Competition and Consumers Act (DMCCA) i.e. Trustpilot can be fined heavily for non-compliance on removing fake reviews. The grace period for compliance ended earlier in 2025 and now, you might start to see action for blatant non-compliance cases.

jesse_6285

Except it’s in the short basket with the other stocks like EMG and CMA. It use to follow the same trends. I haven’t paid much attention to it in a couple years. But with Elon taking SpaceX public in the near future I see him developing a commercial flight rocket to offer faster continental flights. Make Virgin Galactic in the dust if he does it

PashasMom

Ah, I wasn't thinking of the difference between my Fidelity brokerage account and my Fidelity cash management account. The wire and ACH transfers were definitely from my CMA.

Haseki-Hurrem-Sultan

It's also probably the hardest combination to get through UK and EU antitrust too. WBD, Paramount, and Sky/Comcast were all subscale in Europe so I imagine they'd have a relatively easy time getting past regulators. Netflix-WBD is strengthening an already dominant player, so is likely a harder sell to the CMA and EU Commission.

wannabetmore

I've had Schwab. Transferred everything to Fidelity as they've been the best for me. CMA acct is great. But it is not a bank to deposit or withdraw cash (same with Schwab's bank-online only and puny interest). I have Merrill also, only in ETFs and to get the BofA bonus. I have great customer service at Fidelity. It may be because I'm an "active trader" when in reality I'm not. I just have bi-monthly investments in a few funds and ETFs. Most of my ETFs are actually Vanguard ETFs and Fidelity let's me buy fractional amounts even though they aren't Fidelity ETFs. I also sell covered calls and all that activity put me in the active trader group with a dedicated number to call. They answer quick and have been great. Fidelity's 2% cash back no fee credit card is great too if you don't play the airline points game. They even have a bonus going on now... Make a certain # of purchase with your card and get $20+ or something. I use it a lot so it's just icing on the cake.

AirportMaterial5917

You think the people at the CMA right now invest in stocks

BlueWhale515

Oh shoot!!!! Is a HSA tax free when you take it out after 65? Like ROTH IRA? Yeah I don’t think it would be ideal for take money out of a Roth or 401k… so a CMA would be my options for downpayment money.

MrAkimoto

If your intent is to build wealth, you only need one fund, and S&P500 index fund from Vanguard, Fidelity, or whomever, it doesn't make any difference. You don't need a bond fund unless you want income, VTI and VXUS are redundant when you have an S&P500 index fund, and the same holds for TSP. If you want to save some cash, use something like Vanguard's CMA or a HYSA. You portfolio shows a complete absence of any thinking or looking at the vehicles you are using for investment. In fact, my post could apply to virtually most of the posts on here asking your question.

Heyhayheigh

It’s the same thing dude. I have it for my mom. Roth. Trad Ira. And regular CMA. I believe it is in the help menu. Or you call and have them send you Docusign. Or you look up the e-sign for trade authorization. Don’t remember. But it is doable. As long as it is Merrill edge (self directed side).

brygx

I use RB and don't trade very often, with Fidelity CMA as my primary checking account. No issues.

IndependenceEasy8936

Who is gonna short FITB and CMA with me?

Notmikeyouidiot

what happened to CMA??? -10% AH??

Notmikeyouidiot

wtf happened to CMA $Comerica?????????

nuxenolith

Factor investing mentioned! CMA (conservative minus aggressive) companies have tended to return a premium historically.

DryGeneral990

I've been using Fidelity CMA as my main checking/savings with no issues. My wife and I deposit our paychecks into it. We pay all our bills and do bill pays.

DeeboBD

I never push directly into my actual investment accounts. Always to a CMA first and then transfer to my other accounts. That way I never put the account numbers for my actual holdings into any other site/company.

phantasm42

If you ever plan on depositing money through EFT or RDC then Schwab all the way. Fidelity was super shady last year with the overnight “everyone has a 15 business day wait for funds availability” fiasco. Then is became a game of having to push not pull funds through Fidelity. In all this craziness they never considered account tenure or portfolio size. Didn’t matter if you had $10 or $10M, still the same treatment. Personally, I will never trust Fidelity for immediate access to funds again. Schwab you are more likely to get immediate access to funds within hours vs days with Fidelity. While you don’t have an equivalent CMA / sweep account, you do get a full fledged bank account. Is Schwab perfect, no; no bank is but for the important bits they are pretty good.

Jordykins850

Still can’t get over how wild FITB-CMA deal is. Literally hinging the whole thing on a bet that FITB stock doesn’t crash and burn before completion of deal 🥲

leomeng

Damn I had a buy idea last night and forgot it (I usually take screen shots ). Anyways, love morning buyouts. Let’s go CMA

HEAVY_HITTTER

This is what I do, but I am willing to take the risk. 6 months in fidelity mmf, which I use as a checkings account basically with fidelity CMA/CC. I think that it's important you have steady employment so you can keep dca in a downturn.

bank_truth

Whatever investments, whether that be HYSA, CMA, Fidelity, or CDs, etc., rates can always change depending on the Fed or depending on the business itself. That's why you need to take a look at a bank that's a lot more secure and stable and has a better reputation compared to chasing rates. Capital One and AmEx, for example, have a lower rate but are more well known and a lot more secure, but the downside is the rates. If you do want to take a look at higher rates, you can check our website. We list all of the US HYSAs along with their updated rates and other features. But before you create an account, do check some Reddit threads first to see if there are any issues with that bank or if they have a good or bad history.

adkosmos

You do understand that rate is not guaranteed in HYSA and also in CMA Fidelity. So you move over and rate drop at Fidelity, then you plan to move elsewhere? BTW .25% difference is 21 cent for every $1000 per month. Btw.. you dont need to use CMA.. and brokerage account at Fidelity will yield interest as money is by default held MMF SPAXX.

bdavid21wnec

Ya, in CMA this is easy. I'm trying to figure out how to do it in 401k. Even if I do an exchange it takes 1 distribution or more for it to work, so 2-4wks, which in a recession might as be never sellings

bdavid21wnec

36yrs old, not so much about age. In my CMA, I have missed alot of downside by selling fast and buying back. Not really an option in the 401k, but I think the exchange is per quarter

GaylrdFocker

Do not invest your emergency fund. What happens if you need to remove it and the market is down like it was in April. With the CMA just use SPRXX or SGOV for your emergency fund, you can invest anything above that. For your 401K, just pick a percentage and increase or decrease as needed for your budget. And I said more than 15% if you can. It's up to you and your budget. Read the links I posted, they cover most of you questions.

Muted_Community_2800

I have CFA,FRM,CAIA,CIMA,ACCA,CPA,CMA,CFP so who is giving advice to whom here

left-for-dead-9980

Put the 12 months of expenses in a HYSA or SPAXX at Fidelity in a CMA account as your emergency fund. If you can open a Roth IRA, do that with a limit of $7k and invest that in SPLG. The rest can go into either a taxable brokerage or the same CMA. Dollar Cost Average into SPLG, IXUS, and SGOV ETFs. Maybe $1k per month each. I would buy individual stocks but that might be too much since you have never done this before.

wanmoar

I work adjacent to the maritime freight business. Don’t do it. The industry is riddled with fly by night operations which regularly go belly up (Greeks mostly). If you want to play this sector, stick to the large listed operations (Maersk, CMA CGM et al)

West_Flounder2840

My entire financial picture is all in one Fidelity account. I use their CMA as primary checking account and debit card. A margin-enabled brokerage account with 20k in auto-rotating t-bills as my emergency fund and for nonretirement investing. Roth IRA, HSA also there. Credit card too. I dont know if Robinhood could provide me with all of those services, but I doubt it, and it wouldn’t be worth the hassle of switching.

oooeeeoooee

If you use any margin they don't give 4% APY. It's better to use the 1k interest free margin (on VOO/SGOV or whatever) and keep your money elsewhere (Fidelity CMA). I personally use Capital One HYSA as it is very convenient and still pays a decent rate.