Fidelity Bloom App: Open New Bloom Spend and Save Accounts, Deposit $50 and Earn
Expired
$100 Cash Reward
(New Bloom Customers only)
+313Deal Score
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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.
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.
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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.
So 10% match ($30) plus current yield of 4.97%. Not bad! Wish they would match more. I'll keep loading up on t-bills to squeeze out slightly higher returns.
I haven't been able to find info on auto over drafting. If your Spend account has a $0 balance will debit purchases automatically pull from the Save account?
It says 10% annual match… someone please explain .
Quote
from TFSJake
:
The match is already clearly explained by Fidelity.
Well for someone who says that and isn't helpful, shouldn't make simple remarks.
But the simple explanation is that Fidelity will match 10% meaning if you deposit $300, you'll get an additional $30 dollars. This is a separate interest from the 4.97% APY you get from just leaving your money in.
The annual means it's only paid out to the max once per year. So to get the maximum $30 bonus as quickly as possible, you put in $300 and you'll get it in one payment.
Or you get put in $50 and let the annual match be paid out longer. It will take 6 payments (6 months) to get it instead.
TLDR: Put in at least $50 to get the $100 bonus. Or put in $300 to get the $100 bonus and the 10% match quicker.
Well for someone who says that and isn't helpful, shouldn't make simple remarks.
But the simple explanation is that Fidelity will match 10% meaning if you deposit $300, you'll get an additional $30 dollars. This is a separate interest from the 4.97% APY you get from just leaving your money in.
The annual means it's only paid out to the max once per year. So to get the maximum $30 bonus as quickly as possible, you put in $300 and you'll get it in one payment.
Or you get put in $50 and let the annual match be paid out longer. It will take 6 payments (6 months) to get it instead.
TLDR: Put in at least $50 to get the $100 bonus. Or put in $300 to get the $100 bonus and the 10% match quicker.
does this mean, one will be elisgible for another 30 bonus next year? i mean every year they will give 30 bonus?
All of the questions under the Fidelity Bloom Rewards section should help you understand this better.
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
Does it qualify using PayPal or does it have to be an ACH payment through your bank account?
I believe PayPal should qualify. I can't confirm yet though, haven't got the bonus yet.
I used PayPal when I got the SUB for my original Fidelity account, so no reason to think this Bloom account should be any different. I'll follow up in a week or two if/when the bonus hits.
Did anyone have any luck getting this promo with an existing Fidelity account?
I can't even get the $5.00 promo to pop up and I am worried the $100 promo won't apply. I say this because I read a few earlier posts about existing customers not getting promo info or confirmation.
Waiting as well, however the terms and conditions for the $100 state "for both new and existing customers, the Net Deposit at the end of the 7 calendar days after your initial funding date ("the qualification period") must be at least $50"
It states later in the terms, "cash award will be deposited directly to the Fidelity Bloom Save account within 10 calendar days after the qualification period".
Based on the above, looks like bonus will arrive around 17 days after opening the account and depositing the money.
Anyone know if this will work a second time? I signed up for the account then realized I had done this last time. I closed the account and its been closed so these are new accounts. Not sure if its worth wasting my time to do it again.
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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
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.firstrepubl
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.
I attached a picture of where you see the $5 bonus.
Sign up for a Slickdeals account to remove this ad.
But the simple explanation is that Fidelity will match 10% meaning if you deposit $300, you'll get an additional $30 dollars. This is a separate interest from the 4.97% APY you get from just leaving your money in.
The annual means it's only paid out to the max once per year. So to get the maximum $30 bonus as quickly as possible, you put in $300 and you'll get it in one payment.
Or you get put in $50 and let the annual match be paid out longer. It will take 6 payments (6 months) to get it instead.
TLDR: Put in at least $50 to get the $100 bonus. Or put in $300 to get the $100 bonus and the 10% match quicker.
But the simple explanation is that Fidelity will match 10% meaning if you deposit $300, you'll get an additional $30 dollars. This is a separate interest from the 4.97% APY you get from just leaving your money in.
The annual means it's only paid out to the max once per year. So to get the maximum $30 bonus as quickly as possible, you put in $300 and you'll get it in one payment.
Or you get put in $50 and let the annual match be paid out longer. It will take 6 payments (6 months) to get it instead.
TLDR: Put in at least $50 to get the $100 bonus. Or put in $300 to get the $100 bonus and the 10% match quicker.
https://www.fidelity.co
All of the questions under the Fidelity Bloom Rewards section should help you understand this better.
https://www.fidelity.co
All of the questions under the Fidelity Bloom Rewards section should help you understand this better.
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
Sign up for a Slickdeals account to remove this ad.
I used PayPal when I got the SUB for my original Fidelity account, so no reason to think this Bloom account should be any different. I'll follow up in a week or two if/when the bonus hits.
I can't even get the $5.00 promo to pop up and I am worried the $100 promo won't apply. I say this because I read a few earlier posts about existing customers not getting promo info or confirmation.
It states later in the terms, "cash award will be deposited directly to the Fidelity Bloom Save account within 10 calendar days after the qualification period".
Based on the above, looks like bonus will arrive around 17 days after opening the account and depositing the money.
Sign up for a Slickdeals account to remove this ad.