Transcription of FDIC-Insured Deposit Sweep Program Disclosure
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FDIC-Insured Deposit Sweep Program Disclosure
FDIC-Insured Deposit Sweep Program Disclosure For Fidelity Individual Retirement Accounts (IRAs) and Fidelity Health Savings Accounts (HSAs)SummaryThis document provides important information about the FDIC-Insured Deposit Sweep Program offered in connection with certain Fidelity IRAs (including Traditional, Rollover, and SEP IRAs), Fidelity Roth IRAs, and Fidelity SIMPLE IRAs (each an Individual Retirement Account, or IRA) and/or the Fidelity Health Savings Account (HSA) (each an Account ). It is incorporated into and forms a part of the Customer Agreement governing your Account. If you have questions about an IRA, you can call a Fidelity Representative at 800-544-6666. For questions about an HSA, please call note that effective on or around June 30, 2022, Cash Balances that cannot be placed at a Program Bank, or that may not be subject to FDIC insurance, shall be swept to a Money Market Overflow as described on page 15 of this document.
uninvested balances in your core account will be held in a position called the FDIC-Insured Deposit Sweep (the “Sweep”). Cash contributed to or received in your Account is held in the core account (the “Cash Balance”). The Cash Balance (if any) on each business day is composed of the prior day’s Evening Bank Sweep and the Morning
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