Open Eligible Fidelity Investment Account + Deposit $50+ & Get
Expired
$100 Cash Balance
(New or Existing Customers)
+432Deal Score
243,097 Views
Fidelity is offering a $100 Cash Reward/Balance (deposited to your account) when you open a EligibleFidelity Investment Account using promo code FIDELITY100 and Deposit $50 (minimum) or more within 15 Days of opening your account.
Thanks to Community Member rammgasm for posting this deal.
Note: Offer applies to The Fidelity Account®, Cash Management Account, Roth IRA, or traditional IRA accounts. $100 cash reward must be kept in the account for a minimum of 90 calendar days. Offer is valid for New or Existing Customers).
Proceed through the form until you reach the Personal Information section
Ensure promo code FIDELITY100 is applied below your email
Continue through the account-creation process and complete your account
Make your Deposit of $50or morewithin 15 Days
Fidelity will deposit $100 into the account within 25 calendar days after opening your account
Note: you must keep the $100 cash reward (minus any losses related to trading or market volatility, or margin debit balances) in the eligible account for a minimum of 90 calendar days starting from when you receive the reward
These responses are not provided or commissioned by the bank advertiser.
Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser.
It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.
"Fidelity Cash Management Account
Better than traditional checking, a Fidelity® Cash Management Account offers attractive rates and easy cash management."
Current interest rate - 0.01%
Yeah, no thanks.
Not if you're an existing customer. Maybe if you're new, but I did it with the Spire offer and this just now and no hard pulls either time.
Do I have to keep the $100 cash reward at Fidelity once I receive it?
Yes. While you don't need to keep your initial deposit of $50 in the new account for more than the qualification period, you must keep the $100 cash reward (minus any losses related to trading or market volatility, or margin debit balances) in the eligible account for a minimum of 90 calendar days starting from when you receive the reward.
Sign up for a Slickdeals account to remove this ad.
Calendar day means the period of elapsed time, using Coordinated Universal Time or local time that begins at midnight and ends 24 hours later at the next midnight.
I have a hard time understanding the problem already having money in a traditional IRA creates when doing a backdoor Roth IRA. One accountant said as long as you create a separate traditional IRA account for the funds you plan to immediately convert to a Roth IRA, then it's OK. But from what I read online, they factor in all of your traditional IRA funds when doing a backdoor Roth IRA conversion.
The pro rata rule only affects you if you took a deduction on your traditional ira and now are trying to convert it to roth via backdoor.
If you dont take a deduction for your traditional ira contribution, no need to worry about pro rata.
If you mix your deductible and nondeductible traditional ira funds in the same account, it gets confusing.
But even if they are in separate accounts, you need to worry about the pro rata rule any time you convert deductible and nondeductible traditional ira contributions to a roth.
I have a hard time understanding the problem already having money in a traditional IRA creates when doing a backdoor Roth IRA. One accountant said as long as you create a separate traditional IRA account for the funds you plan to immediately convert to a Roth IRA, then it's OK. But from what I read online, they factor in all of your traditional IRA funds when doing a backdoor Roth IRA conversion.
I believe that is correct. I heard about the backdoor Roth from my son, who wants to do it in addition to his work Roth 401k and his income is too high to be eligible for a regular Roth. It's clever and I looked into it for us and that is my understanding-I believe all of your traditional IRA is factored. Backdoor Roth is not ideal if you already have a traditional IRA, so not an option for us. Perfect for my son though, since he does not have a traditional IRA.
Do you have an employer Roth and have you maxed it out ($19k?)?
how are you guys transferring money into your fidelity? im having issues linking my bank account with fidelity. waiting on the trial deposit so lets see if that works tomorrow.
The pro rata rule only affects you if you took a deduction on your traditional ira and now are trying to convert it to roth via backdoor.
If you dont take a deduction for your traditional ira contribution, no need to worry about pro rata.
If you mix your deductible and nondeductible traditional ira funds in the same account, it gets confusing.
But even if they are in separate accounts, you need to worry about the pro rata rule any time you convert deductible and nondeductible traditional ira contributions to a roth.
Edit
likely not the full picture…Bonus could be treated as "Interest" which makes things tricky.
I believe that is correct. I heard about the backdoor Roth from my son, who wants to do it in addition to his work Roth 401k and his income is too high to be eligible for a regular Roth. It's clever and I looked into it for us and that is my understanding-I believe all of your traditional IRA is factored. Backdoor Roth is not ideal if you already have a traditional IRA, so not an option for us. Perfect for my son though, since he does not have a traditional IRA.
Do you have an employer Roth and have you maxed it out ($19k?)?
Backdoor Roth is fine for people with a traditional IRA so long as you don't convert the existing traditional IRA funds to a Roth. That's why the accountant said keep your deductible and nondeductible traditional IRA funds in separate accounts. Then it's clear you didn't touch your deductible traditional IRA funds and you are not subject to the pro-rata rule. Consult your CPA.
Backdoor Roth is fine for people with a traditional IRA so long as you don't convert the existing traditional IRA funds to a Roth. That's why the accountant said keep your deductible and nondeductible traditional IRA funds in separate accounts. Then it's clear you didn't touch your deductible traditional IRA funds and you are not subject to the pro-rata rule. Consult your CPA.
Calendar day means the period of elapsed time, using Coordinated Universal Time or local time that begins at midnight and ends 24 hours later at the next midnight.
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Better than traditional checking, a Fidelity® Cash Management Account offers attractive rates and easy cash management."
Current interest rate - 0.01%
Yeah, no thanks.
Do I have to keep the $100 cash reward at Fidelity once I receive it?
Yes. While you don't need to keep your initial deposit of $50 in the new account for more than the qualification period, you must keep the $100 cash reward (minus any losses related to trading or market volatility, or margin debit balances) in the eligible account for a minimum of 90 calendar days starting from when you receive the reward.
Sign up for a Slickdeals account to remove this ad.
Is it 25 days since the new account was funded?
25 "calendar" days?
Whatever that means.
Whatever that means.
If you dont take a deduction for your traditional ira contribution, no need to worry about pro rata.
If you mix your deductible and nondeductible traditional ira funds in the same account, it gets confusing.
But even if they are in separate accounts, you need to worry about the pro rata rule any time you convert deductible and nondeductible traditional ira contributions to a roth.
Do you have an employer Roth and have you maxed it out ($19k?)?
Sign up for a Slickdeals account to remove this ad.
If you dont take a deduction for your traditional ira contribution, no need to worry about pro rata.
If you mix your deductible and nondeductible traditional ira funds in the same account, it gets confusing.
But even if they are in separate accounts, you need to worry about the pro rata rule any time you convert deductible and nondeductible traditional ira contributions to a roth.
likely not the full picture…Bonus could be treated as "Interest" which makes things tricky.
Do you have an employer Roth and have you maxed it out ($19k?)?
Sign up for a Slickdeals account to remove this ad.
In English please……
Lol.