Fidelity Bloom App: Open New Bloom Spend and Save Accounts, Deposit $50 and Earn
Expired
$100 Cash Reward
(New Bloom Customers only)
+313Deal Score
203,158 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.
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.
Got the $100 showing up this week.
So essentially download/sign up for a brokerage account and park money into Fidelity's SPAXX money market fund, get an easy $100 bonus.
Got my $100 today. Exactly 10 days after first deposit on 8/21.
I used an existing Fidelity 401k account to create the Bloom accounts. Was worried that would not qualify me as a "new" user but it worked out.
I'm thinking about taking my money out as soon as the $30 hits. Is there any actual benefit to these accounts? It seems like just a checking and savings account, which I already have elsewhere
I signed up 08/20 and deposited $300 to Bloom Savings. Got my $5 app bonus on 08/23. Just got my $100 signup bonus today 08/31 and hoping I'll get the 10% ($30) bonus on my initial deposit next week after the start of the month as well!
I signed my wife up the following day just the same and she's gotten her $5 app bonus and hoping to see her $100 tomorrow maybe!
We are both current Fidelity customers, but never had Bloom accounts. Also got our debit cards for these accounts in the mail about a week ago.
Pretty slick giving Fidelity 25 minutes time and a $600 loan for $270 free dollars in return! The rates are even better than Ally in the Bloom Savings right now though, so might just leave it there for the time being (which I'm sure is what Fidelity hopes we will do haha).
I signed up 08/20 and deposited $300 to Bloom Savings. Got my $5 app bonus on 08/23. Just got my $100 signup bonus today 08/31 and hoping I'll get the 10% ($30) bonus on my initial deposit next week after the start of the month as well!
Signed up on 08/19 (Saturday). Also a current Fidelity customer, but never had Bloom accounts. $5 bonus appeared 08/21, got my debit card for this account in the mail last week, and my $100 bonus showed up today!
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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.
So essentially download/sign up for a brokerage account and park money into Fidelity's SPAXX money market fund, get an easy $100 bonus.
I used an existing Fidelity 401k account to create the Bloom accounts. Was worried that would not qualify me as a "new" user but it worked out.
Sign up for a Slickdeals account to remove this ad.
I'm thinking about taking my money out as soon as the $30 hits. Is there any actual benefit to these accounts? It seems like just a checking and savings account, which I already have elsewhere
I signed my wife up the following day just the same and she's gotten her $5 app bonus and hoping to see her $100 tomorrow maybe!
We are both current Fidelity customers, but never had Bloom accounts. Also got our debit cards for these accounts in the mail about a week ago.
Pretty slick giving Fidelity 25 minutes time and a $600 loan for $270 free dollars in return! The rates are even better than Ally in the Bloom Savings right now though, so might just leave it there for the time being (which I'm sure is what Fidelity hopes we will do haha).
Sign up for a Slickdeals account to remove this ad.