Fidelity is offering a $50 welcome bonus to teens who open a new Youth account. These accounts are one-stop shops for saving, spending and investing. They'll earn 5¢ every time they use their debit card, can automate their savings, invest in US stocks and Fidelity mutual funds – and parents can oversee it all, getting notified of their teen's trades and transactions.
A parent or guardian needs to first have their own Fidelity brokerage account in order to open the youth account for their teen, but if you're new to Fidelity, you can not only open both accounts at the same time, but you'll also earn $100 bonus yourself once you fund your new account.
How To Earn The Bonus
The Fidelity Youth Account promotion requires you to complete the following in order to earn the $50 bonus (step-by-step breakdown is listed above!).
As with any offer, don't forget to read the fine print before opening your new account. It's where the bank will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.
The fine print
- Parents or guardian of the teen must have their own Fidelity brokerage account to start the account opening process. Both accounts can be opened at the same time, if you don't already have an account.
- Eligible account types include retail accounts, such as The Fidelity Account (brokerage), the Fidelity Cash Management Account, Fidelity retail IRA accounts, and managed accounts. Workplace accounts, such as 401(k)s and 403(b)s do not qualify to open a Fidelity Youth Account.
- Offer is limited to one Youth Account per teen.
Open a Fidelity Youth Account before the bonus expires
How does this investment offer from Fidelity compare?
To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:
J.P. Morgan
Self-Directed Investing
- Bonus
- up to $700
- Account Type
- Investment
- Expires In
- 85 days
- Requires
- Min Balance
M1
M1 Invest
- Bonus
- up to $500
- Account Type
- Investment
- Expires In
- 250 days
- Requires
- Min Balance
Tradestation
Brokerage Account
- Bonus
- up to $3500
- Account Type
- Investment
- Expires In
- Limited Time
- Requires
- Min Balance
Why Fidelity Investments?
Fidelity Youth Account
The Fidelity Youth Account is a place where teens 13 to 17 can learn to spend, save, and invest most US stocks, ETFs, and Fidelity mutual funds. This account comes with a free debit card and no account fees or minimums. Parent or guardian is required to have or open an account for this account to be opened.Fees
Fidelity Youth Account does not charge a monthly maintenance fee.
Apply now for a Fidelity Youth Account to earn the $50 bonus offer
Share Your Thoughts or Questions
There have been 1 comment about the Fidelity Youth Account $50 Bonus.
Nicholas
November 15, 2023It's neat that Fidelity has an account for teens like this. I might suggest this to some of my coworkers who have children. Of course, if you don't need an account for someone under 18, you can get a bigger bonus for a regular Fidelity brokerage account or the Fidelity Bloom account.
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