Fidelity Investments Promotions: Up to $2,500 Cash (January 2023)

Fidelity Investments is one of the biggest investment companies in the world in terms of the number of customers and also total assets under management.

For the longest time, they’ve been competing head-to-head with The Vanguard Group in the mutual fund space. Personally, I’ve been a Vanguard customer for decades but I’ve heard plenty of great things about Fidelity. If I were picking today, either would make a good choice.

With trillions under management, Fidelity mutual funds and ETFs have some of the lowest expense ratios. Even though they are extremely popular, like many companies, they always want more customers. So they will offer different promotions throughout the year to entice people to switch their accounts or simply open a new one with them.

On this page, we will share the best Fidelity Investments promotions they have available.

One caveat, Fidelity Investments frequently rotates the promotions they offer so check back to see which ones are live.

Table of Contents
  1. Plynk Invest – $110 Cash
  2. Fidelity Account – $150 Cash
  3. Fidelity Youth Account – $50
  4. Fidelity Spire – $50 Cash [EXPIRED]
  5. Fidelity Brokerage – Up to $2,500 Cash Bonus [EXPIRED]
  6. Fidelity Free Trades Offer [Not Applicable]
  7. $500 Apple Gift Card [EXPIRED]
BrokerageBonus PromotionLink
$200-$250 in stocksLearn more
up to 12 free stocksLearn more
up to $25,000Learn more
free stock (valued $5 - $200)Learn more
Up to $500 cashLearn more
Up to $625 cashLearn more

Plynk Invest – $110 Cash

Plynk Invest is an investment app that seeks to compete with a lot of the no-commission trades app like Robinhood. It’s meant for beginner investors who are still learning and there are creative ways to contribute to your account, including exchanging old gift cards.

When you convert gift cards, there’s a small fee but it’s better than keeping the card unused in your desk!

For a limited time, there are two sign up bonuses:

  • $10 sign up bonus – sign up and get $10
  • $100 deposit match – they will match deposits up to $100 (minimum $25)

The basic app is free, there is no account minimums, but some features may require a $2 monthly fee in the future.

Fidelity Account – $150 Cash

Fidelity has a limited time holiday promotion where you can get $150 for opening a Fidelity Account, Cash Management Account, Roth or Traditional IRA. All you have to do is deposit $50 or more within 15 days and you’ll get the $150 within 25 days of opening your account.

The promo code is FIDELITY150 and the offer expires 12/2/2022. It is limited to one offer per customer and US residents.

You must keep the $150 cash reward in the account for a minimum of 90 days.

The normal offer is just $100 so this is a nice little increase for a new account.

Learn more about this offer

Fidelity Youth Account – $50

Open a Fidelity Youth Account, designed for teens 13 through 17, and you get a $50 reward. The parent (or guardian) must have a Fidelity account first but the teen just needs to download the Fidelity mobile App, activate a new account, and they get the $50 bonus. No other requirements to get the bonus.

The account has no minimum and no account fees and the bonus is limited to one per customer.

Learn more about this offer

Fidelity Spire – $50 Cash [EXPIRED]

Unfortunately this offer is currently not available.

Fidelity has a small offer where you can get $50 when you open an account and link to a goal in the Fidelity Spire app. The bonus just requires you to open a qualified account after 9/30/2021 and then set up a $50+ monthly deposit. When you keep the deposit going for six months, they’ll give you $50 towards that financial goal.

If your deposits are $10 to $24.99, the bonus is $10.

If you deposit $25 to $49.99, the bonus is $25.

The Fidelity Cash Management Account, Fidelity Account, Traditional IRA, and Roth IRA all qualify.

If you previously took advantage of the $100 offer that ran from April 2021 through July 2021, you are not eligible for this offer. You must also keep the bonus in the account for 6 months.

You can learn more here.

Fidelity Brokerage – Up to $2,500 Cash Bonus [EXPIRED]

Fidelity Investments once offered a cash bonus if you opened an account and transferred new funds. The amount of the bonus was based on the amount you deposited:

  • Deposit $50,000 – $99,999 and get $200
  • Deposit $100,000 – $249,999 and get $300
  • Deposit $250,000 – $499,999 and get $600
  • Deposit $500,000 – $999,999 and get $1,200
  • Deposit $1,000,000 or more and get $2,500

While this offer is no longer available, it’s comparable to Ally Invest’s new account offer which has this schedule:

Deposit or Transfer
Amount
Your Bonus
$10,000 – $24,999$100
$25,000 – $99,999$250
$100,000 – $249,999$300
$250,000 – $499,999$600
$500,000 – $999,999$1,200
$1,000,000 – $1,999,999$2,000
$2,000,000 or more$3,000

Ally Invest offers more for higher balances and they offer cash for lower balances – something Fidelity didn’t. If this offer comes back, I’d take advantage of it if Fidelity is the brokerage you want to work with because Vanguard doesn’t offer any new account bonuses.

Fidelity Free Trades Offer [Not Applicable]

Before Robinhood pushed most brokerages to offer free trades, Fidelity Investments also had a free trade offer.

If you deposited over $100,000 then you could get 500 free trades for the next two years.

If you deposited over $50,000 then you could get 300 free trades for the next two years.

Since Fidelity Investments now offers $0 commission trades, this offer no longer matters. They charge $0 on stock and options trades ($0.65 per contract), $0 for ETFs, and $0 for Fidelity mutual funds.

So, in effect, you get unlimited free trades forever regardless of how much you deposit. 🙂

$500 Apple Gift Card [EXPIRED]

Similar to the cash offer above, Fidelity once offered a new customer a $500 Apple gift card if they deposited over $150,000. If you deposited over $75,000 then the Apple gift card was lowered to just $300. This offer hasn’t been available since 2017 so it’s unlikely to come back. It’s not that attractive though, you’d rather get cash. 🙂

With no active promotions, you may be tempted to wait before opening an account to see if they will offer one.

Other Posts You May Enjoy:

What Happens to My 401(k) When I Quit?

There are many things to think about when you decide to switch employers, including what will happen to your 401(k). The good news is that your retirement savings don’t disappear like other employer-provided benefits, such as health insurance and paid leave. Here are 5 options for your 401(k) after you quit.

401K Withdrawal Rules: How to Withdraw from a 401K Without a Penalty

Too many Americans are withdrawing money from their retirement plans early. While retirement savings contributions are tax deductible, you may be subject to income tax and an additional penalty for withdrawing early. If you think you need to withdraw from your 401K, here are nine ways to do it penalty-free

FXIAX vs. VOO: Which Fund Should You Choose?

Investment funds that track the S&P 500 index make up the core holdings in many investment portfolios, and Fidelity's S&P 500 Index Fund (FAIAX) and Vanguard's S&P 500 ETF (VOO) are two of the most popular. Of the two, which fund should you choose for your portfolio? It's a close call.

How to Buy and Invest in Vacation Rentals

Owning a vacation rental can be a profitable way to make money from an investment property or a second home in a popular tourist destination. But there are several ways to invest, and each approach has its pros and cons. Here are several things to consider, along with the best platforms to buy vacation rentals.

About Jim Wang

Jim Wang is a forty-something father of four who is a frequent contributor to Forbes and Vanguard's Blog. He has also been fortunate to have appeared in the New York Times, Baltimore Sun, Entrepreneur, and Marketplace Money.

Jim has a B.S. in Computer Science and Economics from Carnegie Mellon University, an M.S. in Information Technology - Software Engineering from Carnegie Mellon University, as well as a Masters in Business Administration from Johns Hopkins University. His approach to personal finance is that of an engineer, breaking down complex subjects into bite-sized easily understood concepts that you can use in your daily life.

One of his favorite tools (here's my treasure chest of tools,, everything I use) is Personal Capital, which enables him to manage his finances in just 15-minutes each month. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you're on track to retire when you want. It's free.

He is also diversifying his investment portfolio by adding a little bit of real estate. But not rental homes, because he doesn't want a second job, it's diversified small investments in a few commercial properties and farms in Illinois, Louisiana, and California through AcreTrader.

Recently, he's invested in a few pieces of art on Masterworks too.

>> Read more articles by Jim

Opinions expressed here are the author's alone, not those of any bank or financial institution. This content has not been reviewed, approved or otherwise endorsed by any of these entities.

Reader Interactions

Comments

About the comments on this site:

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

  1. Liz says

    Hi Jim,
    We are retired this year and have been researching brokerages for retirement(living in not prep).
    We did not know bonuses even existed as we were looking deeply into products they carry specific to our needs. We just missed this Fidelity offer and it hurts to see. We are not in a rush but have decided on Fidelity just yesterday.
    Do you know if there has been traditional months they offer such generous bonus promotions? Your reply would really be appreciated and a great help in our next step.
    Mahalo
    Liz

    • Jim Wang says

      Hi Liz – They change up their offers from time to time but it doesn’t seem to match any kind of season or monthly schedule.

As Seen In: