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 rotates the promotions they offer so check back to see which ones are live.
Table of Contents
Fidelity Spire – $100 Cash
Fidelity has a small offer where you can get $100 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 and then set up a $25 monthly deposit. When you keep the deposit going for six months, they’ll give you $100 towards that financial goal.
The Fidelity Cash Management Account, Fidelity Account, Traditional IRA, and Roth IRA all qualify.
(Offer expires 4/08/2021)
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.
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