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yet another Microsoft blogger

 Monday, August 06, 2007

Fidelity mySmart Account

I happen to love Fidelity. They provide an awesome web site, great online tools, and lots of local branches to go to. I open almost all my new accounts with them since I already have my and my wife's retirement accounts there (401k, 529, Brokerage, etc).

Well I was pleased to find out that they just rolled out a new checking account called the mySmart Cash account. Perks include:

  • No Minimum Fees
  • Re-imbruement (same day) for all ATM fees.
  • 3.5% APR (better than what Wells Fargo offers for Savings Accounts)
  • Deposits via Mail or the Local Branch Offices
  • All the other normal stuff

Now I need to find out if they support Microsoft Money or Wesabe.

Given that I love Fidelity and hate the "nickel and dime" Wells Fargo, I just might use this account.

It would be really nice to be liberated from the burdens of having to hunt for a Wells Fargo ATM. Granted we have one in our cafeteria.... however, once you leave your home state, making cash withdrawals can be expensive (like overseas).

 

Monday, August 06, 2007 8:49:08 AM (Pacific Standard Time, UTC-08:00)
Check out Etrade.com too. They are paying 5% on their checking.
Monday, August 06, 2007 8:58:01 AM (Pacific Standard Time, UTC-08:00)
ingdirect is better 5.25 to 5.30 depending on your account balance.
Monday, August 06, 2007 10:33:29 AM (Pacific Standard Time, UTC-08:00)
Better for me is going with a company I already do business with. The last thing I want or need is another statement and card and bunch of stuff.

BTW, The regular Fidelity Brokerage Accounct allows for a Money Market investment that currently gets about 5%. That's what I've been doing.
Tuesday, August 07, 2007 9:26:33 PM (Pacific Standard Time, UTC-08:00)
I was looking at the Fidelity BillPay site. Can you pay any bill with it? Currently, I can pay any bill via my current bank. Whether it is electronic or not is their problem.

I also looked at the ING checking option in the past, and had opted not to go with it.
Sunday, August 12, 2007 4:08:41 PM (Pacific Standard Time, UTC-08:00)
What's the advantage over the normal money market funds, which offer check writing and pay more than 3.5%?
Fred
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