Updated. Fidelity Investments is offering a $100 bonus for opening a Fidelity taxable brokerage account (“The Fidelity Account”), Cash Management Account (“CMA”), Roth IRA, or traditional IRA. You can also do the “Starter Pack” (Fidelity Account + CMA), but you can also open just a single account of any type. Hat tip to reader Chuck.
Open with the promo code FIDELITY100 and deposit $50 or more within 15 calendar days after opening your account. Fidelity will give you a $100 bonus within 25 days after opening your account. You must then maintain the bonus award (minus any losses related to trading or market volatility, or margin debit balances) in the account for at least 90 days from the date on which the bonus award is credited to the account.
Per the fine print, this is available to both new and existing customers who haven’t taken advantage of this offer before. Basically, you can already have other Fidelity accounts; they just want you to open an additional new account. You just can’t have done this bonus before.
This offer is valid for new or existing Fidelity Brokerage Services LLC or Fidelity Personal and Workplace Advisors LLC (“Fidelity”) customers who open through the following link https://www.fidelity.com/go/starter-pack and fund a new, eligible Fidelity account with a minimum of $50 on or after 3/9/2023 and have not otherwise previously taken advantage of Fidelity’s $50 for $100 cash offer, or Fidelity’s $50 for $150 cash offer. Offer is limited to one bonus award per individual.
You should receive a confirmation email:
As a confirmation of your registration, an email will be sent to the email address you provided during the account opening process after the eligible account has been established in good order.
Right now, I don’t know of any alternative Fidelity bonuses for transferring over new account assets from another broker.
This is a relatively simple and straightforward bonus, and the Fidelity Account offers solid customer service and a good feature set (decent cash sweep, no stock/ETF commissions, ability to buy Treasury bonds and brokered CDs). I would personally much rather trade stocks at Fidelity than deal with Robinhood customer service, for example. There are also bonuses available for their fintech Bloom and Youth brokerage accounts (13-17yo).
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Thanks, Jonathan! Simple setup with Fidelity and I agree – customer service with them is great.
Just signed up, thank you!
Your final comment about Vanguard touched a nerve. I have been with them for over 20 years, but over the last couple of years have experienced problems with their customer service. Their current trading “app” is quite bad and seems designed to drive retail customers away. I’d be interested in hearing about your recent experiences.
Vanguard has publicly acknowledged their customer service issues, but all I see is that they are still spending tons of money on marketing and not enough on training their staff. It is clear to me that Vanguard is focused on growth, even if at the expense of customer service. Their expense ratios are still low, but I fear that the loss of a owner/shareholder-first mindset is irreversible.
I have done semi-complex actions (trusts, solo 401k, rollovers, etc) and Fidelity has always answered the phone with a knowledgeable human. Vanguard has had longer delays getting back to me, higher staff turnover, and errors in execution. Not bad people, just inexperienced and/or not well-trained.
Fidelity is a privately-owned company, I believe still concentrated in the Johnson family, which I feel allows them to have a longer-term outlook. This may be the next best option if Vanguard keeps going downhill. I’m a little surprised that Fidelity’s lack of ETF vision hasn’t made their platform worse, but they seem to be still a nice, reliable place to hold your assets.
Does anyone know how to do this when you already have the fidelity account? I don’t see an option for logging in and adding the promo.
You will need to open a separate new account, in addition to your existing account.
Is it for THIS promotion or a promo of this type? It’s kind of unclear. They had the friends with Ben promo last year which was a promo of this type.
I’m trying to figure out how they can gift you money into an IRA??? Plus they say if you max your contribution, they won’t do it, so I guess contribute no more than $5900 and wait?
My understanding is that they are not allowed to help you exceed the contribution limits. Your plan of contribution no more than $5,900 (I’d just do $1,000 or something) and then waiting seems like the best idea.
Will there be a hard inquiry on my credit report if I open an account?
No. You are not opening up a new credit card, loan, nor trade line. This is just a brokerage or retirement account.
Jonathan, how long did it take you to get the bonus? It has been over a month and I still have not received mine.
UPDATE: my missing $100 reward (from Oct. 30) was resolved today 12/20/21 because I picked up the phone and actually spoke to someone. He researched the issue and explained there was no reason beyond a technical glitch, that my $100 reward was not processed weeks ago. So he was able to get the credit approved and issued on the spot! Lesson learned: sometimes it is best to simply pick up the phone.
I’ve been waiting since Oct. 31. As of Dec. 1st, received 3 written confirmations that I qualified. Also sent 2 emails to my Fidelity advisor. As of Dec. 20 – still NOTHING. What in the world is going on there????
After meeting the requirements, can the account be closed, say in 6 months or so, if it is not necessary?
Did this earlier with the same promotion, and it was easy-peasy
Is Promo code (Fidelity100) only good once? Or could you open more accounts using same offer code as long as they were new and eligible?
once per individual
Can confirm, have an existing Fidelity account but could open a new one with $50 and received an email that the promotion is valid for me
I think it is only one redeem per year. I already did Fidelity50 a few months ago so was declined the $150 bonus.
My understanding it doesn’t work for Grandchild’s (under 18) custodial account?
The youth/teen offer looks separate:
https://www.fidelity.com/go/special-offer
I opened up an account for the bonus but don’t plan to add more money. Is it best to leave the $50 in the sweep account or put it in a money market account for the 90 days?
so as an existing Fidelity customer, I opened a new cash management account with the promo code imbedded. Account created no problem. When I click within new account to “add funds” or use the email to do the Welcome List of things to do, I select on my attached bank account as the funding source. Then click on accounts to transfer to and my new cash management account is not listed to fund. Anyone know how to fix this besides calling in.
I had the same issue. I had to dig around to figure out how to link the account. Try this link.
https://digital.fidelity.com/ftgw/digital/bank-information/
Anna,
That did the trick. Thank you very much.
John