FIAM LLC - Fidelity Investments - fidelity cash management interest rate

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• (1) fidelity savings account interest rate
• (2) fidelity high interest savings account
• (3) fidelity high yield savings rates
• (4) fidelity high yield savings account

FIAM LLC
900 Salem Street
Smithfield, RI 02917
617-563-7000
http://institutional.fidelity.com
March 31, 2022
This brochure provides information about the qualifications and business practices of FIAM LLC ("FIAM").
Throughout this brochure and related materials, FIAM may refer to itself as a "registered investment
adviser" or as "being registered." These statements do not in any way imply a certain level of skill or training.
If you have any questions about the contents of this brochure, please contact us at 617-563-7000. The
information in this brochure has not been approved or verified by the United States Securities and Exchange
Commission ("SEC") or by any state securities authority.
Additional information about FIAM is also available on the SEC's website at www.adviserinfo.sec.gov.
MATERIAL CHANGES
Material changes have been made to this brochure since its annual updating amendment filed on March
31, 2021 as described below.
? Updates have been made to the "Other Financial Industry Activities and Affiliations" section to
reflect Fidelity Diversifying Solutions LLC as an affiliated registered investment adviser that is also
a registered commodity pool operator and commodity trading adviser.
? Updates have been made throughout this brochure to remove information relating to FIAM's
provision of non-discretionary investment advice to Intermediaries in connection with Fidelity
Advisor Separately Managed Accounts.
? Updates have been made to the "Methods of Analysis, Investment Strategies and Risk of Loss"
section to describe FIAM's and its affiliates' ESG research and ratings process, direct lending
investment strategies, and private equity investment strategies.
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Table of Contents
Advisory Business ......................................................................................................................................... 4
Fees and Compensation ............................................................................................................................... 6
Performance-Based Fees and Side-By-Side Management .......................................................................... 7
Types of Clients ............................................................................................................................................ 8
Methods of Analysis, Investment Strategies and Risk of Loss ..................................................................... 9
Disciplinary Information ............................................................................................................................... 15
Other Financial Industry Activities and Affiliations ...................................................................................... 16
Code of Ethics, Participation or Interest in Client Transactions and Personal Trading .............................. 23
Brokerage Practices .................................................................................................................................... 25
Review of Accounts..................................................................................................................................... 35
Client Referrals and Other Compensation .................................................................................................. 36
Custody ....................................................................................................................................................... 36
Investment Discretion.................................................................................................................................. 36
Voting Client Securities ............................................................................................................................... 37
Financial Information ................................................................................................................................... 39
Requirements for State-Registered Advisers.............................................................................................. 40
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Do money market accounts pay interest monthly? Typically, interest on money market accounts is compounded daily and paid monthly. Money kept in money market accounts is accessible when you need it, without incurring a withdrawal penalty, as you might with a certificate of deposit.

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