[SpaethCo]

While the new funds are attracting all the attention, I find these other changes more interesting:

Expense Ratios have been slashed across existing funds: https://www.fidelity.com/mutual-funds/investing-ideas/index-...

Premium, Investor, and Institutional classes are all being merged into 1 class with lower fees and no minimums: https://www.fidelity.com/bin-public/060_www_fidelity_com/doc...

For people holding existing Fidelity index funds, you just start paying less now without having to do anything.

[astura]

I got this email this morning, short and sweet:

---

As of August 1, 2018, we introduced the following changes, which will be automatically applied to your affected Fidelity accounts:

• Removed account fees and minimums

• Eliminated domestic money movement fees

• Lowered expense ratios on all Fidelity stock and bond index mutual funds

• Introduced two index mutual funds (FZROX and FZILX) with a zero expense ratio

No action is required on your part.

---

I've never paid a fee for domestic money movement (EFTs) so I wonder what that refers to.

Fidelity also has an extremely attractive product in their cash management account (free checking account with ATM reimbursements)

[mrb]

«Fidelity also has an extremely attractive product in their cash management account (free checking account with ATM reimbursements)»

Yes, just like Charles Schwab. I wonder why most Americans don't know about this and either pay ATM fees, or endure the hassle of never using an ATM outside of their bank network.

[bbarn]

If you have good credit, their credit card is good for a daily driver if you're the type who pays off a card monthly. Unlimited 2% cash back, no annual fee. You can set up the cash back to go straight into investment accounts too.

[nerdponx]

Fidelity also has an extremely attractive product in their cash management account (free checking account with ATM reimbursements)

Schwab has this as well, and a better privacy policy than Chase to boot.

[huck_cussler]

"I've never paid a fee for domestic money movement (EFTs) so I wonder what that refers to."

It might be for wire transfers, which are same-day money transfers.

[pishpash]

One of the truly few notices from companies these days that aren't lies about "improving our services to you" or have a catch.

[inetknght]

This sounds like an excellent way to keep customers.

[bonestamp2]

I wonder what forced this decision. I'm guessing they were losing too many customers to Vanguard?

[anonu]

The entire fund industry is experiencing cost compression. It's a race to zero