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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
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.
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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 May 2019
L4: Apprentice
> bubble2 308 Posts
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Chinonoco
05-14-2022 at 07:19 AM.
05-14-2022 at 07:19 AM.
Quote from stanlee.steemer :
Fidelity doesn't pay out bonuses. Myself and several people I know have bonuses that didn't get paid out from the FIDELITY100 promo. Fidelity claims the bonuses are pending but they never show up months later.

It's possible that there was an error on either side. Some people transfer money from existing Fidelity accounts instead of an outside account. To say that Fidelity doesn't pay out these bonuses is false. Many if not most people got theirs myself included. ($100 & $50) They also have a no fee HSA. Overall they are a pretty good.
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Joined Sep 2014
I like turtles
> bubble2 1,720 Posts
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stanlee.steemer
05-14-2022 at 07:23 AM.
05-14-2022 at 07:23 AM.
Quote from Chinonoco :
It's possible that there was an error on either side. Some people transfer money from existing Fidelity accounts instead of an outside account. To say that Fidelity doesn't pay out these bonuses is false. Many if not most people got theirs myself included. ($100 & $50) They also have a no fee HSA. Overall they are a pretty good.

So your telling me, someone that you don't know, that my own experience is a lie?
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Joined May 2019
L4: Apprentice
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Chinonoco
05-14-2022 at 07:48 AM.
05-14-2022 at 07:48 AM.
Quote from stanlee.steemer :
So your telling me, someone that you don't know, that my own experience is a lie?

You said. Fidelity doesn't pay out bonuses and many including myself got them.
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Joined Oct 2018
L10: Grand Master
> bubble2 6,460 Posts
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Wavy-Nife
05-16-2022 at 07:40 PM.
05-16-2022 at 07:40 PM.
Is this shill post ever going to leave the FP?
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Joined Nov 2009
L6: Expert
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DragonRide
05-17-2022 at 07:45 AM.
05-17-2022 at 07:45 AM.
Quote from SpencerC88 :
Are there any good accounts out there for a 2 and 5 year old?

Roth IRA
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sreeves3
05-30-2022 at 08:06 AM.
05-30-2022 at 08:06 AM.
Quote from OrangePollution5297 :
Is this shill post ever going to leave the FP?

Why is this a shill post?
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Joined Jan 2007
L8: Grand Teacher
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sreeves3
05-30-2022 at 08:07 AM.
05-30-2022 at 08:07 AM.
I created an account for my son. Does he need to create a separate login to get the $50 credit?
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Joined Jul 2008
L8: Grand Teacher
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poormanq45
06-18-2022 at 08:51 AM.
06-18-2022 at 08:51 AM.
Quote from DragonRide :
Roth IRA

That only works if you have a business and can legitimately pay them for goods/services.

Your business also has to make more than it pays them to be valid.
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Shemomedjamo
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TekkenLord
06-21-2022 at 05:15 AM.
06-21-2022 at 05:15 AM.
How would my teen be strong enough to resist the temptation of the high-risk, high-reward scheme in this market?
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Joined Jan 2011
Golden Rule, peeps
> bubble2 883 Posts
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laidbackinNC
06-21-2022 at 09:16 AM.
06-21-2022 at 09:16 AM.
I got the $100 bonus and my son got the $50 bonus. If you aren't getting them, then somebody is doing something wrong.

In my case, we realized it would be good for my son (age 14) to have a debit card for a scout trip he's on right now so he's not having to keep up with cash. We got the ball rolling back in April thankfully because it takes time to get everything set up and of course the debit card has to be mailed. Your kid must install the app on their phone. To log in, click Forgot Password to create a login and pass, which isn't intuitive. I also had to go into the Fidelity website and specify that I want to be able to transfer money to his account, and that takes several days to get activated. Basically you need to apply for the account several weeks before they might need it. So far, it's working great, as I can see where he's used it. We probably could have gotten one at a local bank, but the bonus money is nice, and later I'll be able to transfer a mutual fund over to him with his "savings" money.
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TidalWaveOne
06-22-2022 at 09:05 AM.
06-22-2022 at 09:05 AM.
Quote from TekkenLord :
How would my teen be strong enough to resist the temptation of the high-risk, high-reward scheme in this market?
Teach them about these high risk "investments".... then let them think they know better and invest a little money then see what happens. As long as you are able to limit the damage/investment, then it will be a lesson that is well-worth the money.
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urvim
06-25-2022 at 06:04 AM.
06-25-2022 at 06:04 AM.
Quote from JustAnotherSlob :
Not the op, but colleges give two types of aid: merit aid is given to entice well-qualified students come to the school and doesn't depend on your financial condition only on how well the child does / how much the college wants them. Need aid, which is the majority of financial aid, is based on income and assets of the child and parents.

In my case my expected family contribution from FAFSA was more than the total cost of attendance for my kid but they still ended up with a pretty nice merit scholarship.

Financial aid grants: Need-based free money. Eligibility is calculated using the data on the FAFSA (income, assets, family size, etc).
FAFSA must be renewed October of each year, and the grant can change based on the data provided (income changes).
Financial aid is generally a combination of grants (federal, state, even institutional) and guaranteed student loans (sometimes a combo of subsidized and unsubsidized).

Scholarships: merit based funds that are solely based on the students accomplishments (grades, other criteria). Institutional scholarships are def an enticement for the kid to attend their school. Others are external/private organizations that offer scholarships on criteria academic and otherwise. Those can be taken to any school the student chooses.
Renewable scholarships generally have renewal criteria that must be met each year (keeping up a certain GPA, earning x credits in the prior academic year, etc). Lots of kids lose them bc they don't pay attention to this and party a little too hard freshman year (first taste of independence/freedom).
Some are non-renewable, so don't assume the money is good for four years.
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Last edited by urvim June 25, 2022 at 06:07 AM.
Joined Jul 2011
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beaverwack
06-27-2022 at 08:29 PM.
06-27-2022 at 08:29 PM.
Quote from eliteconcept :
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.

Put it in a Treasury backed ibonds. 9.6% interest currently
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sinjd
06-30-2022 at 07:06 PM.
06-30-2022 at 07:06 PM.
Quote from sreeves3 :
Why is this a shill post?

The rich want even children to hold their bags now as the market is currently collapsing. Wall Street unsurprisingly stoops to new lows.
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Joined Dec 2006
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caspersdeals
07-05-2022 at 06:13 PM.
07-05-2022 at 06:13 PM.
Just stay away from all digital coins and digital real estate
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