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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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?
You said. Fidelity doesn't pay out bonuses and many including myself got them.
Roth IRA
Why is this a shill post?
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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.
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.
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.
Put it in a Treasury backed ibonds. 9.6% interest currently
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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