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Fidelity Youth™ Account: Earn $50 reward once account is activated Expired
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:
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
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.
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
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
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.
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
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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.
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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
- 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.
Created 01-26-2022
at 06:15 AM
by Discombobulated | Staff
in
Finance
(5)
Fidelity
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I don't have an account with them.
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Our community has rated this post as helpful. If you agree, why not thank Peerless_Warrior
If YOU didn't provide such documents for your personal financial accounts, it's due to your credit history being verified. Most financial bodies fail to confirm identities when the customer has zero/low credit presence.
If it's absolutely certain the money will be spent on education and it's absolutely certain the child will continue their education then it could be a good option, but it's not absolute. 529 money not spent on education will be taxed normally as income plus 10%.
Also know 529s will count towards your ability (Expected Family Contribution (EFC)) to pay for school so scholarship amounts can also be negatively reduced increasing your actual out of pocket expenses.
92% of adults won't have enough money to retire without the assistance of social security. 40% of adults won't be able to work past the age of 55. And finally, there are no loans for retirement but there are affordable ways to continue your education.
We chose to bypass most of that risk by investing in ourselves and if our children incur college debts, we've made a commitment to them to assist with their repayment plans after we turn 59.5, the minimum disbursement age for our 401k and Roth accounts. This model is not for everyone but it works for us.
Also know 529s will count towards your ability (Expected Family Contribution (EFC)) to pay for school so scholarship amounts can also be negatively reduced increasing your actual out of pocket expenses.
92% of adults won't have enough money to retire without the assistance of social security. 40% of adults won't be able to work past the age of 55. And finally, there are no loans for retirement but there are affordable ways to continue your education.
We chose to bypass most of that risk by investing in ourselves and if our children incur college debts, we've made a commitment to them to assist with their repayment plans after we turn 59.5, the minimum disbursement age for our 401k and Roth accounts. This model is not for everyone but it works for us.
You should definitely look at moving it into a money market account or the like. I know we did that for our little ones. And it's really grown a lot. And we do the same half of birthday money goes into investment account. They love to see the quarterly statements. And see how much interest they've earned. Pushes them to save even more. They still little so no use for money right now. But when they get older they can use it for trips and any other opportunities they qualify for. I'd hate to say sorry it's a once in a lifetime opportunity for your personal/academic growth but we can't afford it. I've been there before. Qualified for an educational trip for only a handful of students but my parents couldn't afford to send me. So I didn't go.
But going back to the investments. It's a nice way to get them started early and have them involved.
But going back to the investments. It's a nice way to get them started early and have them involved.
I moved the money into a i-bonds at 9.42%
Nice I'll have to look into that
Correct. To each his own.
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I opened one for one of my sons and my wife opened one for our other. I see one deposit, waiting on the other.
Curious if you tried this
Check out www.moneyguy.co
Don't forget to calculate the purchasing power of that $145. Using historical CPI data from 1975-2018, that $145 in 50 years will have the purchasing power of about $22 in today's dollars. Finally, is that $145 net after taxes? If the culture continues to shift more left the net amount will be less.
I would be very surprised if yes. If yes, I actually think that would be awesome however a prudent brokerage would require the parental consent as options are usually a sophisticated investor profile..
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