Slickdeals is community-supported.  We may get paid by brands or deals, including promoted items.
Sorry, this deal has expired. Get notified of deals like this in the future. Add Deal Alert for this Item
Frontpage

Fidelity Youth™ Account: Earn $50 reward once account is activated Expired

+396 Deal Score
915,873 Views
Update: This deal is still available.

Open a Fidelity Youth™ Account for your teen, and $50¹ will be deposited into their account. No account fees or minimums.

Account Benefits:
  • Open a Fidelity Youth™ Account once they download the Fidelity Youth app and activate their Youth Account.
  • The app is free²—plus, no monthly fees or account minimums to open.³
  • Teens get their own debit card with no domestic ATM fees.⁴
  • Interactive lessons, video, articles, tools, and calculators help jumpstart your teen's financial education. Teens get reward dollars for every level they complete.
  • Learning to invest is easy. Teens can invest in stocks, mutual funds, and ETFs with as little as $1.⁵
  • Parents can keep an eye on their teen's spending, set up alerts, and maintain visibility into account and trading activity.
  • Teens are empowered to make, manage, and invest their own money so they feel more prepared for their financial future.
Slickdeals is not registered as an investment adviser under the U.S. Investment Advisers Act of 1940, as amended, and nothing in these materials should be construed as advice concerning securities, the value of securities, the advisability of investing in, purchasing, or selling securities, or the merits of any investment adviser.

Disclosures:
The Fidelity Youth Account can only be opened by a parent/guardian. Account eligibility limited to teens aged 13-17.

¹Limited Time Offer. Terms Apply. Before opening a Fidelity Youth Account, you should carefully read the accent agreement and ensure that you fully understand your responsibilities to monitor and supervise your teen's activity in the account.

²The Fidelity Youth™ app is free to download. Fees associated with your account positions or transacting in your account apply.

³ Zero account minimums and zero account fees apply to retail brokerage accounts only. Expenses charged by investments (e.g., funds, managed accounts, and certain HSAs) and commissions, interest charges, or other expenses for transactions may still apply. See Fidelity.com/commissions for further details.

⁴Your Youth Account will automatically be reimbursed for all ATM fees charged by other institutions while using the Fidelity® Debit Card at any ATM displaying the Visa®, Plus®, or Star® logos. The reimbursement will be credited to the account the same day the ATM fee is debited. Please note, for foreign transactions, there may be a 1% fee included in the amount charged to your account. The Fidelity® Debit Card is issued by PNC Bank, N.A, and the debit card program is administered by BNY Mellon Investment Servicing Trust Company. These entities are not affiliated with each other, and Fidelity is not affiliated with PNC Bank or BNY Mellon. Visa is a registered trademark of Visa International Service Association, and is used by PNC Bank pursuant to a license from Visa U.S.A. Inc.

⁵Fractional shares quantities can be entered out to 3 decimal places (.001) as long as the value of the order is at least $0.01. Dollar-based trades can be entered out to 2 decimal places (e.g. $250.00)

Fidelity Brokerage Services LLC, Member NYSE, SIPC 900 Salem Street, Smithfield, RI 02917
Good Deal?

Original Post

Written by
Edited December 15, 2023 at 11:34 AM by
Fidelity

For those interested

Note, offer valid for a limited time only or while promotion last

This may be useful for parents/guardians looking to jump-start their kids financial learning
  • Fidelity Offer: Parent/Guardian: Open a New Fidelity Youth Account for Your Teen Aged 13-17 & Receive Free $50 Reward Offer
Quote :
Introducing the Fidelity Youth Account. Accessible through the Fidelity Mobile App, the experience is customized for teens 13 to 17 to help them learn to save, spend, and invest.
For a limited time when you open a Fidelity Youth Account for your teen, they will get a $50 reward

Parent/guardian must have a Fidelity account first, so you can provide hands-on support, monitor their account, easily transfer money, and more. You can open accounts for yourself and your teen with no account fees or minimums.
  • Free Debit Card
    • Teens get a free debit card, with no subscription fees, no account fees, no minimum balances, and no domestic ATM fees
  • Save Early
    • Investing can help teens take advantage of compounding early to help them grow their money over time
  • Empowering teens with education
    • Teens can access a financial curriculum made just for them—so they can learn about saving, spending, investing, and more
  • Secure app
    • Teens can manage their money and invest using Fidelity's secure mobile app, plus link to payment apps like Venmo and PayPal.3
FAQ
  • Starting on January 24, 2022, when you (parent or guardian) initiate the opening of a new Youth Account and your teen (aged 13–17) downloads the Fidelity Mobile App and activates the new account, your teen will receive a $50 deposit as a reward
  • In order for your teen to receive the $50 reward offer, you (parent/guardian) must initiate the opening of a new Fidelity Youth Account through Fidelity.com/YouthAccount and your teen (aged 13–17) must download the Fidelity Mobile App and activate the new account on or after January 24, 2022
    • Parent/guardian must have their own Fidelity brokerage account to open an account for their teen.
    • Parent/guardian must initiate the application process and once completed, the teen will receive instructions on how to download the Fidelity Mobile App and activate their account.
    • No further investment or trading is required to qualify for the offer
    • Age of account applicant. Youth Accounts are only available for teens aged 13 to 17. If your teen is 18 or 19, they may apply for a different account type and/or offer instead
    • Limited to one offer per customer
    • Non-US residents are not eligible
  • The reward will be deposited directly to the eligible account within 10 calendar days after the teen has downloaded the Fidelity Mobile App and activated their account (which entails creating a username/password, and logging into the mobile app and accepting account agreements). Amounts deposited by Fidelity in the form of the reward will be initially held in the Fidelity Government Money Market Fund, the eligible account's core position.
If you purchase something through a post on our site, Slickdeals may get a small share of the sale.
Deal
Score
+396
915,873 Views
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.

Your comment cannot be blank.

Featured Comments

529 plan
You need to upload copy of their SSN card and another form of ID at the end for verification.
"To open and monitor your teen's account, you'll need to open one for yourself first."
I don't have an account with them.

Sign up for a Slickdeals account to remove this ad.

Joined Nov 2015
Redskins
> bubble2 195 Posts
74 Reputation
SpencerC88
01-26-2022 at 05:49 AM.
01-26-2022 at 05:49 AM.
Are there any good accounts out there for a 2 and 5 year old?
100
4
5
Like
Funny
>
Helpful
Not helpful
Reply
Joined Mar 2010
L6: Expert
> bubble2 1,007 Posts
127 Reputation
billyloon
01-26-2022 at 11:03 AM.

Our community has rated this post as helpful. If you agree, why not thank billyloon

01-26-2022 at 11:03 AM.
Quote from SpencerC88 :
Are there any good accounts out there for a 2 and 5 year old?
529 plan
205
4
>
10
19
Like
Funny
>
Helpful
Not helpful
Reply
Joined Oct 2007
L6: Expert
> bubble2 1,443 Posts
966 Reputation
dvdapex
01-26-2022 at 11:35 AM.
01-26-2022 at 11:35 AM.
It says one offer per customer. In this case is the child the customer or the adult? Can I open one for my child on my Fidelity account and have my wife open one for the same child on her Fidelity account and have my child get 2 accounts with 2 bonuses?
26
11
Like
Funny
>
Helpful
Not helpful
Reply
Joined Sep 2011
L4: Apprentice
> bubble2 407 Posts
253 Reputation
zukuri
01-26-2022 at 11:38 AM.

Our community has rated this post as helpful. If you agree, why not thank zukuri

01-26-2022 at 11:38 AM.
"To open and monitor your teen's account, you'll need to open one for yourself first."
I don't have an account with them.
43
>
4
14
Like
Funny
>
Helpful
Not helpful
Reply
Joined Apr 2009
What, me worry?
> bubble2 1,105 Posts
322 Reputation
big_wake
01-26-2022 at 02:43 PM.
01-26-2022 at 02:43 PM.
Quote from zukuri :
"To open and monitor your teen's account, you'll need to open one for yourself first."
I don't have an account with them.
Open one. If you already use a low cost provider like Vanguard, then just put a small token amount into your Fidelity account. If you don't have a brokerage account anywhere, then you definitely want this. Even if you don't have extra funds to put into it, set it up initially with a very small weekly or monthly auto deposit.

Most other savings and debit card options for teens are rip-offs. This is a really good option and pretty most won't cost anything.
48
>
2
1
Like
Funny
>
Helpful
Not helpful
Reply
Joined Jun 2019
L9: Master
> bubble2 4,150 Posts
1,690 Reputation
The_Love_Spud
01-26-2022 at 04:42 PM.

Our community has rated this post as helpful. If you agree, why not thank The_Love_Spud

01-26-2022 at 04:42 PM.
Quote from dvdapex :
It says one offer per customer. In this case is the child the customer or the adult? Can I open one for my child on my Fidelity account and have my wife open one for the same child on her Fidelity account and have my child get 2 accounts with 2 bonuses?
I'm assuming they'll tie the child account to an SSN(?) which will allow them to restrict the eligible age and limit the number of promo gifts.

Good luck!
Jon
21
>
4
1
Like
Funny
>
Helpful
Not helpful
Reply
Joined Jan 2011
Golden Rule, peeps
> bubble2 877 Posts
360 Reputation
laidbackinNC
01-27-2022 at 09:54 AM.
01-27-2022 at 09:54 AM.
I'm gonna do this for our 14-yo son. I thought about getting him an account back when they were offering $100 bonus accounts for anyone but it didn't have all the youth benefits.

I've had a Fidelity account for a long time, ever since getting their 2% rebate credit card. I like Fidelity a lot and if it weren't so much hassle, would move my Vanguard money over because I greatly prefer the Fidelity website and account reporting interface.
44
1
Like
Funny
>
Helpful
Not helpful
Reply

Sign up for a Slickdeals account to remove this ad.

Joined Oct 2007
L10: Grand Master
> bubble2 6,683 Posts
11,810 Reputation
Pro
anothauserhere
01-27-2022 at 11:12 AM.
01-27-2022 at 11:12 AM.
Does the teens account have to be downloaded on a phone that has active service?
5
1
Like
Funny
>
Helpful
Not helpful
Reply

This comment has been rated as unhelpful by Slickdeals users

Show Comment
Joined Jul 2005
L8: Grand Teacher
> bubble2 3,832 Posts
595 Reputation
corazones
01-27-2022 at 04:48 PM.
01-27-2022 at 04:48 PM.
Thank OP! Capital One's online Money Teen Checking was my original consideration since I already bank w Capital One.
8
1
Like
Funny
>
Helpful
Not helpful
Reply
Joined Feb 2009
shut up and take my money
> bubble2 1,734 Posts
433 Reputation
eliteconcept
01-27-2022 at 05:28 PM.
01-27-2022 at 05:28 PM.
Quote from SeikenDensetsu :
Do him a favor and ask him if he wants a bank account first.

Why even make it optional? My 11 yr old has had one (savings acct) for 7 years now... he knows that for Christmas and birthday money he spends half and saves half. He's got over 2k at this point and knows he can't touch it till he starts driving... even then it'll be emergency need only. Though we did give him alot of the money we got for him from stimulus money. His 4 year old sister is doing the same thing. Need to move them into money markets or something but I'm not overly worried about it.
86
2
4
Like
Funny
>
Helpful
Not helpful
Reply
Last edited by eliteconcept January 27, 2022 at 05:38 PM.
Joined Nov 2007
L3: Novice
> bubble2 188 Posts
Pro
maxan
01-28-2022 at 03:11 PM.
01-28-2022 at 03:11 PM.
It wants a mobile phone number for the teen as part of the application process. Were you able to create an account without the teen's mobile phone?
Quote from corazones :
Thank OP! Capital One's online Money Teen Checking was my original consideration since I already bank w Capital One.
7
Like
Funny
>
Helpful
Not helpful
Reply
Page 1 of 37
Start the Conversation
 
Link Copied

The link has been copied to the clipboard.