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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 12:34 PM 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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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 Aug 2008
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BrianJason
10-14-2022 at 08:54 AM.
10-14-2022 at 08:54 AM.
Just opened an account for my 15 year old and upon trying to link my bank to make a deposit, Fidelity closed the youth account with the reason being they need a copy of his SS card and birth certificate. F you Fidelity.
2
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Joined Oct 2013
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Ultra1337
10-15-2022 at 02:22 PM.
10-15-2022 at 02:22 PM.
Quote from SpencerC88 :
Are there any good accounts out there for a 2 and 5 year old?
We use greenlight and absolutely love it. My 10-year-old has his own debit card, his own savings account, his own brokerage account where he owns Roblox shares, and his own charitable giving which he researches through charity navigator. The app manages his allowance and even keeps track of his chores.

I think we pay like $10 a month for this product and I truly believe my son has better money literacy than more than half of adults.
2
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Last edited by Ultra1337 October 15, 2022 at 02:25 PM.
Joined Dec 2015
L1: Learner
> bubble2 23 Posts
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gouwo
10-16-2022 at 04:34 PM.
10-16-2022 at 04:34 PM.
I got a promo when open on my phone for getting $100 for parent as well
Reply
Last edited by gouwo October 16, 2022 at 04:39 PM.

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Joined Feb 2019
L3: Novice
> bubble2 279 Posts
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rcarteraz
11-03-2022 at 01:30 PM.
11-03-2022 at 01:30 PM.
Quote from gouwo :
I got a promo when open on my phone for getting $100 for parent as well

Thanks for sharing, this is still available so I'm going to go with this!
Reply

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Joined Jan 2014
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> bubble2 70 Posts
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nextlevelsst
11-03-2022 at 02:25 PM.
11-03-2022 at 02:25 PM.
Quote from Ultra1337 :
We use greenlight and absolutely love it. My 10-year-old has his own debit card, his own savings account, his own brokerage account where he owns Roblox shares, and his own charitable giving which he researches through charity navigator. The app manages his allowance and even keeps track of his chores.

I think we pay like $10 a month for this product and I truly believe my son has better money literacy than more than half of adults.
Do yourself a favor and get out of that immediately. You're paying $120 a year for a service that is offered for free elsewhere (chase first, custodial investment accounts, etc). Do your 10 year old a favor and let him invest the $120 instead of throwing it away each year.
Reply
Joined Jan 2013
L3: Novice
> bubble2 178 Posts
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stinge
11-03-2022 at 02:38 PM.
11-03-2022 at 02:38 PM.
Quote from steveliv :
In order to contribute to a roth, the child will need to have income and file taxes as well. When my son starts working, I plan to gift him any amount he puts in a roth. Investing at such an early age will pay off in spades. $1 dollar invested at age 15 will equal $145 at age 65. That same $1 invested at age 20 will only equal $88 at age 65.

Check out www.moneyguy.com
I have an IRA my grandfather helped fund when I was 16 with the then allowed $2000. Even with the crazy market right now, 30 years later that one account it at $176k with no further funds put in! Absolutely worth doing for kids if financially feasible
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Joined May 2019
L3: Novice
> bubble2 243 Posts
container
11-03-2022 at 07:07 PM.
11-03-2022 at 07:07 PM.
I opened a Fidelity savings account a while back to take advantage of a promotional offer and while the Fidelity account got created, the savings account did not. I called them and they had no idea what happened or how to fix it. Furthermore they enrolled me (without my consent) in a system which uses your voice to verify who you are. Probably not the best idea considering recent advancements in AI based voice synthesis. I managed to get the voice verification feature disabled after multiple calls, but they told me they couldn't delete my Fidelity account for 20 years. Not ideal from a security or privacy standpoint.
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Joined Nov 2017
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Fredfly
11-05-2022 at 06:54 PM.
11-05-2022 at 06:54 PM.
Beware that these middlemen are known to lend your stock without your knowledge to other hedgefunds that are actually short your stock. They will borrow to cover until their short pays. Basically you want a stock to go up but unbeknownst to you, your institution is getting a lending percentage on your stock to allow others to bring the price down. Direct register your shares.
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Joined Mar 2011
L7: Teacher
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Justin1983
11-06-2022 at 07:35 PM.
11-06-2022 at 07:35 PM.
Quote from SpencerC88 :
Are there any good accounts out there for a 2 and 5 year old?
Right now? US Treasury I-Bonds are giving 6.9%.
Reply
Joined Mar 2011
L7: Teacher
> bubble2 2,115 Posts
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Justin1983
11-06-2022 at 07:43 PM.
11-06-2022 at 07:43 PM.
Quote from Ultra1337 :
We use greenlight and absolutely love it. My 10-year-old has his own debit card, his own savings account, his own brokerage account where he owns Roblox shares, and his own charitable giving which he researches through charity navigator. The app manages his allowance and even keeps track of his chores.

I think we pay like $10 a month for this product and I truly believe my son has better money literacy than more than half of adults.
What a shame there's no open-source alternative.
Reply
Joined Oct 2010
xyz pdq
> bubble2 537 Posts
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ChityWok
11-14-2022 at 11:46 PM.
11-14-2022 at 11:46 PM.
Quote from SpencerC88 :
Are there any good accounts out there for a 2 and 5 year old?

Roth IRA, make them employee and write off the expense as salary thats a deduction and they make so little income they won't have to pay taxes on it if anything its very minimal. my kids have them thru vanguard
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Joined Jun 2012
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FreeStuff4Ever
11-26-2022 at 07:43 AM.
11-26-2022 at 07:43 AM.
Sounds like a good plan
Reply
Last edited by FreeStuff4Ever November 26, 2022 at 07:48 AM.
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