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How are my points that are redeemed as a cash contribution into my Fidelity account going to be invested?

April 26, 2017account cash contribution Fidelity going invested Points redeemed

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How are my points that are redeemed as a cash contribution into my Fidelity account going to be invested?

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Points redeemed as a cash contribution into a Fidelity account will be deposited into the core position of your brokerage, mySmart Cash account, or Fidelity IRA account. If you are depositing into a Fidelity-managed 529 account, it will be deposited at the closing day market price on the day the funds are transferred into your Fidelity account. They are invested according to the standing allocation instructions on the designated account.