Money market funds are mutual funds that invest in short-term debt securities issued by short-term, high-quality entities that borrow money to repay principal and interest to investors within a short time period.Below are the HSA core options available to you:įidelity® Government Cash Reserves (FDRXX) money market fund. Understanding the differences between your core options can help you make the choice that's right for you. When you open a new Fidelity HSA ®, we automatically put your uninvested cash into the Fidelity ® Government Cash Reserves but you can also choose another cash option. But don't worry if you want to put those off until later-you can set those up at any time. If you told us you were going to make recurring monthly deposits, we'll prompt you to add those next. We'll start by offering you the chance to make an initial deposit, in the same amount you told us you were going to start with when you created your profile. Once your account is open, you can add money to it. After that, you open your account online. You can select the proposed investment strategy or another strategy that you believe is appropriate for you (subject to certain constraints). When you don’t provide us with the additional information, we propose an investment strategy using the information you provided us along with assumed responses about you based on information we derive about similarly aged investors or investors with a similar time horizon from other Fidelity programs and services. You can also give us more information about yourself, which allows us to know you better and helps us suggest an investment strategy that may be even more closely aligned to your financial situation. Then we'll suggest an investment strategy consisting of Fidelity funds that hold stocks, bonds, and short-term investments. With Fidelity Go ®, you start by telling us a few things about yourself: the year you were born, your household income, the reason you're investing, the amount you hope to invest, when you'll need the money you're investing, and your risk tolerance.
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