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
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I don't have an account with them.
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yo doesn't have a phone.
I was not able to get prior bonuses bc of my status.
Chase has one. This is an adult owned account with kid login features. I believe you need a normal account with chase to create this one. Am hoping other banks do this too.
Any recommendations on one that doesn't need to be used for education? I have a 16 month old and I'm trying to figure out which account to start for him. By the time he goes to college I think there's a decent chance it will be free, so I'm hesitant to put savings into a 529.
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This is a dealbreaker for me, so I will continue looking.
Get a Google Voice #....
That's the whole point of it, not to make you spend it.
Now, we downloaded the app onto my son's phone.
It asks for ID and password to log in.
Are we suppose to use my adult ID and password?
Now, we downloaded the app onto my son's phone.
It asks for ID and password to log in.
Are we suppose to use my adult ID and password?
Do parents have control over what their kids can do?
Chatted with agent, the youth accounts are independent...
They have two percentage rates that combine to make up their total interest pay out. There's a fixed rate that never changes, plus a second rate that changes based on inflation.
The fixed rate is currently zero. Which means they only pay out the inflation rate. Which means your real return (after inflation but before taxes) is zero. Your after-tax real return is negative. No thanks. 20 years or so ago the fixed rate was 3-4%. That was decent for a very safe conservative investment. Today's zero fixed rate stinks.
Put kid money into the stock market, preferably a broad index mutual fund or ETF. They'll come out way ahead.
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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.
Has anyone heard about any recent Fidelity promotions (other than youth accounts)? ty