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

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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

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.
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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.

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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.

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Joined Sep 2013
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chrisaf69
02-01-2022 at 01:10 PM.
02-01-2022 at 01:10 PM.
Quote from steveliv :
Neither, buy FSKAX and let it ride. Smilie

Is this an investment account where they can purchase fskax? Cuz that is exactly what I want to do.

I will tell him I will match every dollar he puts into it to get him in the "invest/save" early mindset.
Reply
Joined Mar 2006
L6: Expert
> bubble2 1,815 Posts
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steveliv
02-01-2022 at 01:23 PM.
02-01-2022 at 01:23 PM.
Quote from chrisaf69 :
Is this an investment account where they can purchase fskax? Cuz that is exactly what I want to do.

I will tell him I will match every dollar he puts into it to get him in the "invest/save" early mindset.
This is just a bank account with debit, however you should look into a custodial account at Fidelity..

https://www.fidelity.com/open-acc...al-account
1
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Joined Jan 2014
L5: Journeyman
> bubble2 865 Posts
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flunder
02-01-2022 at 01:34 PM.
02-01-2022 at 01:34 PM.
Based on reading, seems like youth can trade in shares or fraction share based on dollar denomination. I'd assume that the adult will pay the tax for investment gains and assumes the investment losses for deduction? Scary part is that options is available for trade leverage.

Do parents have control over what their kids can do?

Chatted with agent, the youth accounts are independent...
Reply
Last edited by flunder February 1, 2022 at 02:38 PM.
Joined Mar 2010
L6: Expert
> bubble2 1,033 Posts
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billyloon
02-01-2022 at 01:42 PM.
02-01-2022 at 01:42 PM.
Quote from 08CivicSi :
Isn't a 529 pretty worthless if your kid decides not to go to college...? College degrees are becoming more worthless yet more expensive every year.
Not really. They're valid for K-12 as well, plus any unused funds can be passed on to beneficiaries. You should read up on it.
1
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Joined Jan 2014
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flunder
02-01-2022 at 02:36 PM.
02-01-2022 at 02:36 PM.
Quote from rballnut :
Thanks OP, opened it couple days ago and $50 is already in the account.

Trying now to decide have my daughter buy a stock or CD @ 3%.
Try to look up US Treasury I series bond in the other thread. With that, there is a 10k per person per year cap; whereas this one or CD there is no limit.
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Joined Oct 2015
L8: Grand Teacher
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pyroskater85
02-01-2022 at 04:49 PM.
02-01-2022 at 04:49 PM.
Quote from eliteconcept :
I'll prob move money into money market... I'm not overly worried about interest as I am teaching value of saving and deferred enjoyment and emergency funds
maybe you should look at moving the money over to an investment account so they can see their account grow because of the much higher interest rate then a savings account.
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Joined Jan 2008
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rballnut
02-01-2022 at 05:11 PM.
02-01-2022 at 05:11 PM.
Quote from flunder :
Try to look up US Treasury I series bond in the other thread. With that, there is a 10k per person per year cap; whereas this one or CD there is no limit.
Thanks, yes, I'm familiar with that thread. This would be just my daughter's allowance and get her to try investing.
Reply

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Joined Mar 2005
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mozillafirefix
02-01-2022 at 05:40 PM.
02-01-2022 at 05:40 PM.
Quote from SpencerC88 :
Are there any good accounts out there for a 2 and 5 year old?

Besides 529, there is also youth Roth IRA.
Reply
Joined Feb 2009
shut up and take my money
> bubble2 1,814 Posts
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eliteconcept
02-01-2022 at 07:33 PM.
02-01-2022 at 07:33 PM.
Quote from 08CivicSi :
Isn't a 529 pretty worthless if your kid decides not to go to college...? College degrees are becoming more worthless yet more expensive every year.

Right.....because the jobs like doctors, lawyers, pretty much any science field you can just walk in and get with a hs degree or just experience. But higher ed is becoming worthless. Just like some people can do well in trades, and we need those folks in those jobs. We need educated people in specific and specialized jobs
8
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Joined May 2008
Deal seeker
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chinkypashi
02-01-2022 at 08:13 PM.
02-01-2022 at 08:13 PM.
Quote from mozillafirefix :
Besides 529, there is also youth Roth IRA.

The kid must have earned income to qualify for youth froth IRA.
Reply
Joined Mar 2005
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mozillafirefix
02-01-2022 at 08:17 PM.
02-01-2022 at 08:17 PM.
Quote from chinkypashi :
The kid must have earned income to qualify for youth froth IRA.

And you can easily have them get earned income...
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Joined Nov 2015
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qqzj
02-01-2022 at 08:26 PM.
02-01-2022 at 08:26 PM.
If I have two teenagers, how many $50 can I get? Thanks.
2
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Joined Mar 2005
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mozillafirefix
02-02-2022 at 04:41 AM.
02-02-2022 at 04:41 AM.
Quote from qqzj :
If I have two teenagers, how many $50 can I get? Thanks.

Each adult account holder can get max one $50 bonus. Best way is to have your partner and yourself do for each of your kids separately.
Reply
Joined Jul 2011
L10: Grand Master
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08CivicSi
02-02-2022 at 05:16 AM.
02-02-2022 at 05:16 AM.
Quote from eliteconcept :
Right.....because the jobs like doctors, lawyers, pretty much any science field you can just walk in and get with a hs degree or just experience. But higher ed is becoming worthless. Just like some people can do well in trades, and we need those folks in those jobs. We need educated people in specific and specialized jobs

Either way, less people are going to college. If my kid chooses not to then a 529 is a waste.
4
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Karsan50
02-02-2022 at 06:50 AM.
02-02-2022 at 06:50 AM.
Quote from rballnut :
Thanks OP, opened it couple days ago and $50 is already in the account.

Trying now to decide have my daughter buy a stock or CD @ 3%.
Buy her an Apple stock. She ll thank you for it! Smilie
Reply
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