If you’re looking for greater returns and flexibility beyond traditional savings and checking, cash management accounts often provide higher interest rates, increased Federal Deposit Insurance Corp.

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Fidelity’s Cash Management Account has few fees, but mediocre rates Rebecca McClay ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Michael is a former senior editor of investing and trading products for ...

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What is a cash management account? A cash management account (CMA) is a cash account often provided by brokerage firms and robo-advisors. CMAs are relatively new to the market, so their features are ...

Basic bank accounts provide a ‘no-frills’ banking service. Free to open and maintain, this type of current account takes care of basic day-to-day money management such as making and receiving payments ...

Cash management accounts aren’t bank accounts, but they share some similarities. It’s a place to stash your cash, get your paycheck deposited, pay bills and earn some interest. Even though it might ...

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