SPAXX Yield
Fidelity Government Money Market Fund · Fidelity · money market fund
$1.00
As of Nov 5, 2026, SPAXX (Fidelity Government Money Market Fund) has a 7-day yield of 3.33%, after fees. It keeps a $1.00 share price, earns interest daily and pays it out monthly, so $10,000 held for a year at that yield earns about $333. It's a government money market fund.
7-Day Yield
3.33%
$10,000 Earns
$333/yr
Per Month
$27.75
Share Price
$1.00
Fees
In the yield
Pays
Monthly
Key facts about SPAXX
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, SPAXX has a 7-day yield of 3.33% after fees: about $333 a year on $10,000.
- SPAXX is a money market fund with a $1.00 share price; it accrues interest daily and pays it monthly.
- SPAXX: A government money market fund: Treasuries, agency debt and repurchase agreements. Only the part earned from Treasuries is exempt from state tax, which the fund reports each year.
Cite this page
SmarterDividends, "SPAXX 7-Day Yield and How It Pays," updated Nov 5, 2026, https://smarterdividends.com/stocks/SPAXX
How SPAXX pays
A money market fund keeps its share price at $1.00 and pays you interest instead. SPAXX earns interest every day and pays it out once a month, usually as more shares on the last business day (most brokers reinvest it automatically). The 7-day yield is what the fund earned over the past week, after its fees, stated as a yearly rate. It moves with short-term interest rates, so expect it to change when the Federal Reserve does.
| You hold | A month | A year |
|---|---|---|
| $10,000 | $27.75 | $333 |
| $50,000 | $138.75 | $1,665 |
| $100,000 | $277.50 | $3,330 |
| $250,000 | $693.75 | $8,325 |
At today's 3.33% 7-day yield, before tax. The real figure changes as the yield does.
Compare SPAXX
SPAXX questions
What is SPAXX's yield?
As of Nov 5, 2026, SPAXX's 7-day yield is 3.33%, after the fund's fees. $10,000 held at that yield for a year earns about $333.
Does SPAXX pay dividends?
Yes. SPAXX earns interest daily and pays it monthly as a dividend, usually reinvested as new $1.00 shares. For tax purposes it's ordinary dividend income, not qualified dividends.
How often does SPAXX pay?
Monthly. Interest accrues every day and is paid out once a month, so cash that sits in SPAXX for part of a month still earns for those days.
How is SPAXX's income taxed?
A government money market fund: Treasuries, agency debt and repurchase agreements. Only the part earned from Treasuries is exempt from state tax, which the fund reports each year. This is general information, not tax advice.
Is SPAXX or SGOV better?
It depends on what the money is for. Our SPAXX vs SGOV comparison puts their yields, costs, total returns and worst drops side by side.
Fund facts
- Type
- Money market fund
- Issuer
- Fidelity
- Category
- Government money market
- Expense ratio
- Taken out before the yield
- 7-day yield
- 3.33%
What it holds and how it's taxed
A government money market fund: Treasuries, agency debt and repurchase agreements. Only the part earned from Treasuries is exempt from state tax, which the fund reports each year.
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Fund facts from the fund's own reports via Yahoo Finance; payments and returns from SmarterDividends records. For information only, not investment advice.