Slickdeals is community-supported.  We may get paid by brands for deals, including promoted items.
Sorry, this deal has expired. Get notified of deals like this in the future. Add Deal Alert for this Item
Frontpage

Fidelity Bloom App: Open New Bloom Spend and Save Accounts, Deposit $50 and Earn Expired

$100 Cash Reward
(New Bloom Customers only)
+313 Deal Score
203,474 Views
Fidelity is offering New Bloom Customers: $100 Cash Reward when you Open 2 Fidelity Brokerage Accounts (Fidelity Bloom Spend and Fidelity Bloom Save) via the Fidelity Bloom App and Deposit $50 or more within 7 calendar days of opening the account (see the instructions below).

Thanks to community member hashir for sharing this deal.

Deal Instructions:
  1. Download the Fidelity Bloom App (iOS or Android)
  2. Open the App and click on "Learn More"
  3. Click on "Sign up" and you will begin the process to open the accounts and get a debit card
    • Spend Account is for everyday spending and is linked to your debit card
    • Save Account is where you'll keep track of your savings
  4. You will then click on "Open accounts" where you will be prompted to verify your identity and set up an account
    • Note, you can log in with your Fidelity information if you are a current (non-Bloom) customer
  5. They may then offer the following: $5 Bonus for signing up.
  6. You must deposit at least $50 within 7 calendar days to earn the $100 cash award
  7. The $100 cash award will be deposited directly into the Fidelity Bloom Save account within 10 days after the qualification period

Original Post

Written by
Edited August 19, 2023 at 08:14 AM by
Open a Bloom account and deposit $50 to get a $100 bonus. This is open to new Fidelity customers and existing Fidelity customers that don't have a Bloom account.

the Net Deposit at the end of the 7 calendar days after your initial funding date ("the Qualification Period") must be at least $50.

The cash award will be deposited directly to the Fidelity Bloom Save account within 10 calendar days after the qualification period.

https://www.fidelity.com/mobile/bloom
If you purchase something through a post on our site, Slickdeals may get a small share of the sale.
Deal
Score
+313
203,474 Views
$100 Cash Reward
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.

551 Comments

Your comment cannot be blank.

Featured Comments

Looks fairly straightforward.
Technically opening 2 accounts. A debit & a brokerage account for them to invest your savings.
*edit: as pointed out below by SirMixPix, both accounts are technically brokerage accounts which changes the protections/guarantees a bit.

Anyone seeing fees? I'm not.

looks like even better than OP claimed:

+$5 just for signing up (YMMV, this happened during sign up process for me. it is already showing up in the app under Activity for me)
+$100 if you fund $50 per promo
+$30 (10% match bonus on up to $300 deposit to SAVE account)

so if you park $300 in this for a while you'll get $135 in bonuses (I wasn't sure re timing and didn't dig into the details, others have made educated guesses in comments below)
Updates:
Sounds like they check settled funds at the end of the month and you get the bonus early in the next month.
the 10% is an intro bonus rate, looks like 5% for future years.

edit 2:
185TU and not frontpage?
is it the lack of kickback money for SD since it's via app signups and not a direct affiliate link or what?
wild the promoted garbage that gets pumped to the frontpage with very little engagement while this doesn't. apparently the Lisen phone holder & ESR plastic phone cases are more noteworthy lol

edit 3:
I got my full bonus
8/18 signed up. immediately got $5 bonus
8/21 ACH transfer posted ($300)
8/30 $100 bonus posted
9/01 $30 match bonus posted
Keep in mind, both the accounts are brokerage funds and, while uncommon for low risk mutual funds of these types to lose money, they have and can (in rare instances). They are not fdic protected and do carry more risk, albeit slight, than a 'standard' back account covered under FDIC insurance.
These brokerage accounts are instead SIPC covered, which while similar to FDIC insurance, there are some significant differences.
A good article explaining what is covered and what isn't here: https://www.firstrepublic.com/ins...ifferences
Interesting Quote from above article:
"It's worth noting that SIPC insurance does not cover the value of your stocks, bonds or other investments. Rather, the SIPC replaces your missing stocks and other securities when possible."
I am Not knocking this deal or the opening of accounts to get the deal. Just some fyi that I found while exploring the fine print that I found interesting.
Got the $5. Currently a Fidelity credit card + brokerage customer as well.

I attached a picture of where you see the $5 bonus.

Sign up for a Slickdeals account to remove this ad.

Joined Apr 2016
L1: Learner
> bubble2 24 Posts
10 Reputation
signothetimez
08-19-2023 at 11:26 AM.
08-19-2023 at 11:26 AM.
Is this a good idea if I already have an Apple HYSA as well as 401k with Fidelity? Not sure if there's an upside to this but not too familiar with these types of accounts either. Seems like a good investment.
Reply
Joined Mar 2005
Renaissance Man
> bubble2 6,206 Posts
1,934 Reputation
PedroR
08-19-2023 at 11:54 AM.

Our community has rated this post as helpful. If you agree, why not thank PedroR

08-19-2023 at 11:54 AM.
Quote from pur :
If I'm understanding
What is the savings match in Fidelity Bloom®?
Savings match is one of the ways we celebrate your progress and reward you for saving. You might be familiar with how many employers often match a percentage of your retirement contributions. Similarly, Fidelity Bloom®'s savings match is basically "free money" that rewards your good financial habits!

Fidelity Bloom offers an annual match of 10% on up to $300 (max of $30) in eligible deposits made to your Fidelity Bloom Save account. Match rewards are deposited to your Fidelity Bloom Save account. They are based on eligible deposits into your Fidelity Bloom Save account in a calendar year and reset annually. Eligible deposits into your Fidelity Bloom Save account include transfers from outside or other Fidelity accounts, cash-back shopping rewards, and Round Up deposits.


Fidelity Bloom® $100 Offer Terms and Conditions
This offer is valid for new or existing Fidelity Brokerage Services LLC ("Fidelity") customers who make an initial total deposit of at least $50 ("Qualifying Deposit") into their Fidelity Bloom Spend account or Fidelity Bloom Save account on or after August 13, 2023 through the Fidelity Bloom app. This offer is limited to one cash award per individual. For clarity, existing Bloom clients who have not yet made any deposits into either of their Fidelity Bloom Spend or Fidelity Bloom Save accounts can participate in this offer by making a Qualifying Deposit by August 27, 2023. Existing Fidelity customers who have previously made deposits into their Fidelity Bloom Spend or Save accounts, including individuals who have already participated in the Bloom $50 offer, are not eligible for this offer.
Fidelity reserves the right to modify these terms and conditions or terminate this offer at any time. Other terms and conditions, or eligibility criteria, may apply.
To receive the $100 cash award:
• New customers will need to open the Fidelity Bloom Spend and Fidelity Bloom Save accounts through the Fidelity Bloom app.
• New customers will need to and make a Qualifying Deposit in either or both their Fidelity Bloom Spend and Fidelity Bloom Save accounts on or after August 13, 2023 (your "initial funding date").
• Existing customers who opened accounts prior to August 13, 2023 and have not funded their Fidelity Bloom Spend or Fidelity Bloom Save accounts can make a Qualifying Deposit by August 27th, 2023 to receive the $100 offer.
• For both new and existing customer, the Net Deposit at the end of the 7 calendar days after your initial funding date ("the Qualification Period") must be at least $50.
• For purposes of this offer, "Net Deposits" shall mean total external deposits or transfers (including cash, eligible securities and/or margin debit balance transfers) minus assets withdrawn or transferred out of the accounts within the Qualification Period.
The only eligible accounts for this offer are the Fidelity Bloom Spend account and the Fidelity Bloom Save account. Both accounts are opened for Fidelity Bloom customers. Each eligible account has unique features which you should consider prior to opening. This offer does not constitute a recommendation by Fidelity as to which, if any, account is appropriate for your personal situation.
The cash award will be deposited directly to the Fidelity Bloom Save account within 10 calendar days after the qualification period. Amounts deposited by Fidelity in the form of the cash award will be initially held in the eligible account's core money market position. You will be provided information regarding the available core position during the account opening process. No further investment or trading is required to qualify for this offer.
You could lose money by investing in a money market fund. An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Before opening an account and having your cash invested in a money market fund as your core position, read the money market fund's prospectus for policies specific to that fund. A copy of this prospectus will be made available to you during the account opening process. You have the option of selecting a different money market fund as your core position.
This offer is nontransferable and limited to $100 per individual.
This offer is not valid for non-U.S. residents; persons employed by FINRA or a securities organization in a regulatory capacity; employees of Fidelity, its affiliates, and members of their immediate families and households, or the media who cover financial services. Individuals subject to backup withholding may not be eligible for this offer.
Certain states and local jurisdictions have laws that limit or restrict public employees from accepting items of value from vendors such as Fidelity that provide services to public institutions. Some public entities such as governments, state universities, health care organizations, etc., also have internal policies that may contain similar restrictions. If you are a public official or employee, you should determine if one of these laws or internal policies applies to you. By accepting the cash award, Fidelity assumes that you are in compliance with your jurisdiction's laws and institution's internal policies.
Cumulative cash awards credited to taxable accounts associated with your social security number or tax identification number, including this offer, other offers available within the Bloom app and those made by a Fidelity affiliate totaling $600 or more within a calendar year will appear on your consolidated Form 1099. You are encouraged to consult with your tax professional about appropriate tax reporting and treatment relating to this cash award and the deposit of the cash award in your account. Any taxes resulting from the cash award are your responsibility.
2
Reply
Joined Jun 2012
L6: Expert
> bubble2 1,669 Posts
153 Reputation
Firebird72
08-19-2023 at 11:54 AM.
08-19-2023 at 11:54 AM.
Quote from BLCKMRKT :
Is this deal over? I think I see is the 10% match for 300 and that link doesn't work anymore. There's definitely no $100 promo for $30 deposit nor a five dollar sign up bonus.
https://www.fidelity.com/mobile/bloom
$100 reward for new customers
We'll add $100 after you deposit $50 or more.5 It's our way of celebrating the start of your journey to better habits.
Download Fidelity Bloom®

I did not see the $100 during signup either, but I did see the $5 briefly.
Reply
Joined May 2010
L5: Journeyman
> bubble2 860 Posts
141 Reputation
bikerbandito
08-19-2023 at 12:27 PM.

Our community has rated this post as helpful. If you agree, why not thank bikerbandito

08-19-2023 at 12:27 PM.
Quote from pur :
I think it showed up during the application process as an incentive to finish.
I've waited in app but it isn't coming up for me. Did it show before or after SSN verification?

Edit - it shows up after account creation
2
Reply
Last edited by bikerbandito August 19, 2023 at 12:52 PM.
Joined Jun 2019
L2: Beginner
> bubble2 2,120 Posts
467 Reputation
Fanime
08-19-2023 at 12:32 PM.
08-19-2023 at 12:32 PM.
Quote from NervousHorn154 :
Any way of doing this without a cell phone?
No...
Reply
Joined Dec 2007
Veteran
> bubble2 946 Posts
572 Reputation
Pro
The Beast
08-19-2023 at 12:43 PM.
08-19-2023 at 12:43 PM.
Can I just transfer $50 from my Fidelity Brokerage to this new account?
Reply
Joined Nov 2019
L3: Novice
> bubble2 115 Posts
149 Reputation
RaghavP511
08-19-2023 at 12:44 PM.
08-19-2023 at 12:44 PM.
Quote from The Beast :
Can I just transfer $50 from my Fidelity Brokerage to this new account?
I don't think so. It says the funding has to be external. I'm doing it from my PayPal personally
Reply

Sign up for a Slickdeals account to remove this ad.

Joined May 2010
L5: Journeyman
> bubble2 860 Posts
141 Reputation
bikerbandito
08-19-2023 at 12:54 PM.
08-19-2023 at 12:54 PM.
I'm going to transfer in $300 - Do we need to split that incoming transfer between the Spend and Save accounts in the Bloom app in some specific way?

Update - looks like you should just deposit $300 into the save account as the 10% match only applies to save. It doesn't matter if you don't want to max that bonus through:
" This offer is valid for new or existing Fidelity Brokerage Services LLC ("Fidelity") customers who make an initial total deposit of at least $50 ("Qualifying Deposit") into their Fidelity Bloom Spend account or Fidelity Bloom Save account on or after August 13, 2023 through the Fidelity Bloom app."
1
Reply
Last edited by bikerbandito August 19, 2023 at 12:58 PM.
Joined Jun 2006
L9: Master
> bubble2 18,806 Posts
2,138 Reputation
tsuperwanker
08-19-2023 at 12:56 PM.
08-19-2023 at 12:56 PM.
Quote from Hoolagain :
If it weren't for the bonus wouldn't opening a regular brokerage account do the same thing? In my IRA account all uninvested cash goes in SPAXX by default
I think a difference is the ability to receive a debit card for the Spend Account. I use that for my phone bill as they now need a debit card.
Reply
Joined Jul 2014
L9: Master
> bubble2 5,619 Posts
472 Reputation
FHRITP
08-19-2023 at 12:59 PM.
08-19-2023 at 12:59 PM.
Sad/happy to say it, but I'm at a point in my life where a $100 bonus doesn't even get my juices flowing. I used to pounce on these deals years ago. Not so much anymore. Sometimes I hate being jaded.
1
1
Reply
Joined Nov 2011
L2: Beginner
> bubble2 30 Posts
10 Reputation
iampks85
08-19-2023 at 01:00 PM.
08-19-2023 at 01:00 PM.
Is 100$ only for new customers because I dont see it when I open the app.
Reply
Joined Jul 2006
L9: Master
> bubble2 4,538 Posts
996 Reputation
coolcoder
08-19-2023 at 01:03 PM.
08-19-2023 at 01:03 PM.
Quote from FHRITP :
Sad/happy to say it, but I'm at a point in my life where a $100 bonus doesn't even get my juices flowing. I used to pounce on these deals years ago. Not so much anymore. Sometimes I hate being jaded.
Same here, but I base it on the amount of effort and the mood I am in. In this case it took 5 mins to open the account and initiate a transfer as I already have fidelity accounts, so I just did it. I don't bother with most checking/savings bonuses anymore though. Also, with the high interest rates we can now get, a lot of those bonuses where you had to park huge amounts of cash are not worth it anyways.
Reply
Joined Sep 2014
New User
> bubble2 9 Posts
14 Reputation
sshres5
08-19-2023 at 01:06 PM.
08-19-2023 at 01:06 PM.
Is there a maintenance fee for this account?
Reply
Joined Jan 2012
L5: Journeyman
> bubble2 796 Posts
330 Reputation
TFSJake
08-19-2023 at 01:26 PM.
08-19-2023 at 01:26 PM.
Quote from FHRITP :
Sad/happy to say it, but I'm at a point in my life where a $100 bonus doesn't even get my juices flowing. I used to pounce on these deals years ago. Not so much anymore. Sometimes I hate being jaded.
I used to feel that way but now I look at it like "It's 'free dinner and a movie date' for 10 minutes worth of work on a Saturday while I watch my dogs play in my yard." Sure it may be like 2/10ths of 1% of my net worth (or something) but that doesn't' change the fact that it's free money and I wasn't doing anything else with those 10 minutes.
Reply

Sign up for a Slickdeals account to remove this ad.

Joined Jun 2019
L2: Beginner
> bubble2 2,120 Posts
467 Reputation
Fanime
08-19-2023 at 01:34 PM.
08-19-2023 at 01:34 PM.
Quote from iampks85 :
Is 100$ only for new customers because I dont see it when I open the app.
Offer won't show up in the app. You just need to deposit $50 into a new bloom/save/spend account.
Reply
Page 5 of 37
Start the Conversation
 
Link Copied

The link has been copied to the clipboard.