Fidelity Bloom App: Open New Bloom Spend and Save Accounts, Deposit $50 and Earn
Expired
$100 Cash Reward
(New Bloom Customers only)
+313Deal Score
204,361 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.
thanks. i did do that and the "change core position" green button does come up.
Then, a change core position pops up, but in it, it says:
There are no new core positions to select.
from the bloom save, if i click on that green button, i am given the option to change to FZFXX
or that fdic cash account, but not from my original individual account
when i called, the rep told me, you can't have spaxx in the individual account,
are you saying, you can do this from your individual account and you can get spaxx?
maybe i'll go into a fidelity office.
Quote
from person1976
:
You need to have a margin account for the spaxx money market fund.
The regular "cash management" checking account does not use spaxx for interest.
This new Bloom save account might be a good replacement for the Fidelity margin account for access to spaxx interest rates.
Mine is an IRA with no margin and I have that option. Edit: I only set up this account a few months ago. I wonder if older accounts might not have the option? Perhaps you can add another account though and move everything to it?
I have a handful of previous existing Fidelity accounts including an Individual that pays SPAXX on cash. Is there any reason to keep the Bloom accounts open after getting the $135?
Should I leave the accounts open at zero or close them?
II got the ID verify thing so had to upload photo ID and take face photo but I don't remmeber if it asked me to create an Username/Pass, and the phone number I entered isn't receiving text.
Should I just wait for the bloom card to arrive and look up username/pass b/c current method requires text lookup.
The requirement to fund min $50 doesn't have to be witin 7 days of creation of account correct? If I',m reading terms it says initial funding of any amount has to be $50.... can anyone confirm?
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
So I should park exactly 300 in the SAVE account to receive the 30? but I HAVE to park 50 per promo (save) and then (spend) to receive the 100? but in the terms it says I can park the 100 in either spend or save?
So I should park exactly 300 in the SAVE account to receive the 30? but I HAVE to park 50 per promo (save) and then (spend) to receive the 100? but in the terms it says I can park the 100 in either spend or save?
The 10% deposit match maxes out at $30, so $300 or more into the SAVE account would work.
The $300 also qualifies for the 50 minimum, to get you the $100 bonus.
I don't think you're required to specifically fund the SPEND account at all, unless you want to use the debit card and get the $0.10 back on each $1+ charge (up to $30 in cash back)
Oh, yeah Ive received the rewards. I was just wondering if anyone has transferred the money back out yet.
I transferred $30 back to the original external funding account just to see how it went-
Easy and quick. Less than 24 hours from request to posting.
I plan to leave the accounts open though
The 10% deposit match maxes out at $30, so $300 or more into the SAVE account would work.
The $300 also qualifies for the 50 minimum, to get you the $100 bonus.
I don't think you're required to specifically fund the SPEND account at all, unless you want to use the debit card and get the $0.10 back on each $1+ charge (up to $30 in cash back)
That's right, I deposited $300 each to my wife and my own Save accounts and we got the full $135 each as of last Friday!
Same here. Opened the Bloom account on 21st of August and received $135 by 30th of August.
Was looking to open a Fidelity Go Roth with them like I did for my wife a couple years ago. The "Go" account is the robot-invested automated kind. I found this offer and opened my account through it. Accordingly to this $50 Deposit, Get $100 free promo, it only says I must not have taken advantage of this particular offer before. Nowhere does it mention Bloom Savings/Checking. Was gonna open the Roth for me there anyhow, so signed up through their link which uses promo code FIDELITY100 and we shall see in 25 days if I get the hook up!
P.S. The "Starter Pack" is primarily advertised on this one, but you can scroll down and opt for a single type of account as I did.
I have a handful of previous existing Fidelity accounts including an Individual that pays SPAXX on cash. Is there any reason to keep the Bloom accounts open after getting the $135?
Should I leave the accounts open at zero or close them?
I emptied the account and just hidden the account so it's out of view, I'll probably close it later.
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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.
Then, a change core position pops up, but in it, it says:
There are no new core positions to select.
from the bloom save, if i click on that green button, i am given the option to change to FZFXX
or that fdic cash account, but not from my original individual account
when i called, the rep told me, you can't have spaxx in the individual account,
are you saying, you can do this from your individual account and you can get spaxx?
maybe i'll go into a fidelity office.
The regular "cash management" checking account does not use spaxx for interest.
This new Bloom save account might be a good replacement for the Fidelity margin account for access to spaxx interest rates.
I emailed them and they said 17 days total, corporate just pulling numbers lol
Should I leave the accounts open at zero or close them?
Should I just wait for the bloom card to arrive and look up username/pass b/c current method requires text lookup.
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
The 10% deposit match maxes out at $30, so $300 or more into the SAVE account would work.
The $300 also qualifies for the 50 minimum, to get you the $100 bonus.
I don't think you're required to specifically fund the SPEND account at all, unless you want to use the debit card and get the $0.10 back on each $1+ charge (up to $30 in cash back)
Sign up for a Slickdeals account to remove this ad.
I transferred $30 back to the original external funding account just to see how it went-
Easy and quick. Less than 24 hours from request to posting.
I plan to leave the accounts open though
The $300 also qualifies for the 50 minimum, to get you the $100 bonus.
I don't think you're required to specifically fund the SPEND account at all, unless you want to use the debit card and get the $0.10 back on each $1+ charge (up to $30 in cash back)
P.S. The "Starter Pack" is primarily advertised on this one, but you can scroll down and opt for a single type of account as I did.
https://www.fidelity.co
Should I leave the accounts open at zero or close them?
I emptied the account and just hidden the account so it's out of view, I'll probably close it later.
Sign up for a Slickdeals account to remove this ad.