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Downsides to using Fidelity CMA + Money Market Mutual Fund (or similar) as an interest bearing checking account?
Downsides to using Fidelity CMA + Money Market Mutual Fund (or similar) as an interest bearing checking account? I'm considering doing more of my "banking" through a Fidelity CMA, with the goal of earning interest on my checking funds. Details: https://www.nerdwallet.com/article/banking/fidelity-cash-management-review My understanding is that a cash balance in a CMA earns about 2% interest and is FDIC insured. Additionally, if you put it into Fidelity mo...
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