Fidelity Youth

Easy $50

· 5%ish yield on cash

· More $ for financial lessons

Fidelity Youth accounts automatically pays a 4.99% APY on uninvested cash. They get a $50 reward for opening the account. This is one of the easiest sign up bonuses to capture.

“To receive the $50 bonus award, users must complete the following:

Qualify for the offer by opening and activating a new, Fidelity Youth Account on or after 01/24/2022.

Parents or guardian of the teen must open or have their own Fidelity brokerage account to start the account opening process.

Parent or guardian of the teen must initiate the application process and once completed, the teen will receive instructions on how to activate their account.

A confirmation will be sent out to the teen once the bonus award has been deposited into the teen’s account.

No further investment or trading is required to qualify for the offer

The bonus award will be deposited directly into the eligible account within 10 calendar days after the teen has activated their account. Amounts deposited by Fidelity in the form of the bonus award will be initially held in the Fidelity Government Money Market Fund, the eligible account’s core position.”

My daughter reports that she got her $50 right after first logging in. She downloaded their app and said it works great for her needs. She also took the lessons in the app which each take about ten minutes and paid her $2 for each lesson.

Finally, you can get $10 per friend you refer. Annoyingly the person who gets the referral doesn’t appear to get anything for it (but my daughter’s referral code is SULUY7 for what it’s worth).

Caveat

This would be better if people who get referred got more money for using the referral code.

Conclusion

I always pick up a $50 bill on the sidewalk and my kids do too.

TL; DR

My kids got $50 each here; yours can too.