The white blooms dotted the asphalt and swirled in the breeze under the orange glow of the street lamps.
What is 'Imprest'. An imprest is a cash account that a business uses to pay for small, routine expenses. A fixed balance is maintained in the account, and it is replenished routinely to maintain that balance. Alternatively, an imprest can refer to a monetary advance given to a person for a specific purpose.
As the balance is divided between multiple banks, Fidelity is able to offer FDIC protection on balances up to $1,250,000; the standard FDIC limit is $250,000 per depositor per bank. The Cash Management account is an interest-bearing account. At the time of writing, the current APY for the account is 0.07%. This is much lower rate that 0.20%-0.90% APY offered by Capital One online checking account-read Capital One 360 checking review. Overall, the Fidelity Cash Management account is a solid option for users looking to leave fee-charging traditional banks.