​ Fidelity Enters FDIC-​Insured "​Bankerage" and Launches 3.​5% Checking. One of the last holdouts to offer FDIC insured deposits among brokerages, Fidelity Investments, has quietly begun offering an FDIC-​insured option via third-​party banks on its "​Core" mySmart cash accounts. Blog BankDeals reported yesterday on the fact that Fidelity is now paying 3.​5% on its mySmart Cash Account, a no-​minimum, no ATM fee offering. The move follows Charles Schwab'​s recent 4.​25% checking account offer and a number of other moves by online banks and brokerages to pay attractive, temporary "​teaser" yields on checking accounts.

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