Why use brokerage firm for cash management accounts.

[mathjak107]

convenience and product access

[CaptainNJ]

Originally Posted by mathjak107

we have 2 within 15 miles or so , more if i include manhattan .

closest one to me is 20 minutes away but its not on my way to anywhere so its 20 minutes out of the way during bank hours. my regular bank is tdbank. that i have about a mile from my house and a couple of blocks from work. so physical access depends a lot of the individual but im sure tdbank is way better for most people. chase also has a million locations now.

would you ever go into manhattan to fidelity? i hate going into manhattan.

[mathjak107]

i would never have reason to go to the one in manhattan . my regular office is roslyn and the one closest to work is the garden city one. i did visit the one in boston when i was there just to see it. we stayed down the block from it

[fred44]

I use Charles Schwab for all my investing and banking needs. Just makes it more convenient to have all my money in one place. I like to be able to transfer money between accounts easily. There are no fees. I have no need to go to a brick and mortar bank. There is a Schwab office nearby, but I never go, and if I did they have pretty knowledgeable financial advisers for free help.

Plus Schwab offers decent rates for their investor savings and checking accounts, which includes an ATM card you can use anywhere and Schwab will reimburse all transaction fees. So, free ATM anyplace.