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  1. Former PayPal and Intuit CEO Bill Harris Launches Evergreen Money
    PR Newswire | 06/25/24 08:00 AM EDT

    Americans lose approximately $283 million in their checking accounts every day1 Evergreen unveils high yield checking account swept into Treasury bills for 5.31% yield2 MIAMI, June 25, 2024 /PRNewswire/ -- Checking accounts are one of the largest sources of lost income in America: the average American has $16,891 in them, most of which earn practically zero interest.

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.