OP's case is about point redemption. FIA is trying to redeem the points automatically and deposit the cash into a qualified Fidelity account, but the points are credited back because he has less than 5,000 points your Fidelity brokerage account has a core account where your money is parked and earns dividend. by default it is FCASH, a Fidelity money market fund insured by SIPC. you have few other choices to choose from. Fidelity cash management account has a FDIC insured sweep account. your money is swept into a program bank and earns interest.