Open Eligible Fidelity Investment Account + Deposit $50+ & Get
Expired
$100 Cash Balance
(New or Existing Customers)
+432Deal Score
243,664 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.
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I actually called Fidelity this morning, They are claiming that if total interest is under 600 dollars that they do not generate a 1099-INT. Seems odd since all bank generate for 10 dollars or more.
Quote
from ListedGuru
:
Did anyone get a 1099 for their $100 bonus from Fidelity? I have other accounts with Fido and it says I have received all my tax documents but I'm not seeing being 1099 for the $100 bonus from this promo.
I actually called Fidelity this morning, They are claiming that if total interest is under 600 dollars that they do not generate a 1099-INT. Seems odd since all bank generate for 10 dollars or more.
I almost forgot about remembering to report the 100 dollars.
I almost forgot about remembering to report the 100 dollars.
Do we have to report the $100 even if the 1099 is not generated?
Is it handled as a investment return or some other way? I checked the tax forms section and says not tax form will be generated for you this year..
Do we have to report the $100 even if the 1099 is not generated?
Is it handled as a investment return or some other way? I checked the tax forms section and says not tax form will be generated for you this year..
It's my understanding that we still need to report it to the IRS because the information is still sent to the IRS from Fidelity even though they aren't generating the 1099? I could be wrong? I'm not taking any chances over only 100 dollars.
It's my understanding that we still need to report it to the IRS because the information is still sent to the IRS from Fidelity even though they aren't generating the 1099? I could be wrong? I'm not taking any chances over only 100 dollars.
Why wouldn't they generate a 1099? Reports are that the $100 bonus is counting towards the maximum yearly contribution and is showing up as a "gain" on peoples accounts.
Why wouldn't they generate a 1099? Reports are that the $100 bonus is counting towards the maximum yearly contribution and is showing up as a "gain" on peoples accounts.
Maximum contribution for what?
The majority of us opened the Cash Management account, equivalent to a checking account, not an IRA that has an annual max limit.
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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.
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Wondering what others are seeing?
Thanks,
-Guru
According to some older comments at DoctorOfCredit some people successfully opened a second Cash Account during the last offer. YMMV.
I almost forgot about remembering to report the 100 dollars.
Is it handled as a investment return or some other way? I checked the tax forms section and says not tax form will be generated for you this year..
Is it handled as a investment return or some other way? I checked the tax forms section and says not tax form will be generated for you this year..
It's my understanding that we still need to report it to the IRS because the information is still sent to the IRS from Fidelity even though they aren't generating the 1099? I could be wrong? I'm not taking any chances over only 100 dollars.
Sign up for a Slickdeals account to remove this ad.
The majority of us opened the Cash Management account, equivalent to a checking account, not an IRA that has an annual max limit.
The majority of us opened the Cash Management account, equivalent to a checking account, not an IRA that has an annual max limit.