Last fall, I was trying to find a business bank account with checking and interest-earnings. I looked through many banks. At that time I had a free Business Checking account with HSBC. Unfortunately, HSBC did not offer interest on the account.

After much searching, I finally found Fidelity. Fidelity offers interest for business accounts with check writing. I saw a promotion for $100 with a $10K deposit. I moved all my money from HSBC to Fidelity. In Fidelity, they offered different money market options. I chose the FIDELITY NY MUNI MONEY MARKET (FNYXX). The fund is tax-exempt from federal, state, and city taxes.

Fidelity provides more than just a brokerage account. I realized I could link all my accounts together with Fidelity. It gave me the idea of account management in one place. I started a personal account with them as well. I told them I was an active trader and they gave me the lowest commissions’ schedule, which is $8 per transaction.

For market research, Fidelity is rated among the top for having the best research tools in the industry. I could find tons of reports in Fidelity’s Research section that I could not get from TD Ameritrade or Scottrade. Another feature I like about Fidelity is that they offer IPO trading.

Fidelity’s customer service is excellent. Compared to TD Ameritrade, Fidelity’s customer service representatives are like angels. The Fidelity representatives are professional, knowledgeable, and patient. They always answer my questions and try to accommodate my requests. It gives me a taste of luxury, and makes me want to try Fidelity’s Privilege services.

I would definitely recommend Fidelity Investments.

Rating: 5/5
SmartChoice? Yes

Note: I am not affiliated with Fidelity and I do not work for them.

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This entry was posted on Friday, March 2nd, 2007 at 9:00 am and is filed under Reviews. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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