Fidelity Investments: Current Promotions and Offers

Fidelity Investments, a well-established name in the financial services industry, frequently offers promotions and incentives to attract new customers and reward existing ones. These promotions can be a compelling reason to choose Fidelity for your investment and retirement needs. However, it’s crucial to carefully review the terms and conditions before participating to ensure they align with your financial goals.

Common Types of Fidelity Promotions

• New Account Bonuses: Often, Fidelity offers cash bonuses to new customers who open and fund eligible accounts. These bonuses usually scale based on the initial deposit amount. For example, depositing $50,000 might qualify you for a larger bonus than depositing $5,000. Keep an eye out for promotional codes that need to be entered during the account opening process.
• IRA Rollover Incentives: Fidelity sometimes provides incentives for individuals who roll over their existing retirement accounts (401(k)s, IRAs) into a Fidelity IRA. These incentives might include bonus cash or commission-free trades. Carefully consider the tax implications of rolling over your retirement account before making a decision.
• Refer-a-Friend Programs: Many brokerage firms, including Fidelity, offer referral programs. Existing Fidelity customers can earn rewards, such as cash or trading credits, for referring new clients who open and fund accounts. The referred friend may also receive a bonus.
• Commission-Free Trading: While Fidelity eliminated commissions for online U.S. stock, ETF, and options trades some time ago, they may still offer promotions related to specific trading activities or account types. Always double-check the current commission structure for the specific investments you plan to make.
• Educational Resources and Tools: While not directly a financial incentive, Fidelity consistently provides valuable educational resources, including webinars, articles, and investment tools, to help investors make informed decisions. These resources can be incredibly beneficial for both beginners and experienced investors.

Important Considerations

Before participating in any Fidelity promotion, keep the following in mind:

• Eligibility Requirements: Promotions often have specific eligibility requirements, such as residency restrictions, minimum deposit amounts, and deadlines. Read the fine print carefully to ensure you qualify.
• Account Restrictions: Some promotions may only apply to specific account types (e.g., taxable brokerage accounts, Roth IRAs). Make sure the eligible account type aligns with your investment objectives.
• Holding Periods: Many bonus offers require you to maintain a certain account balance for a specified period. Withdrawing funds before the holding period ends may result in forfeiture of the bonus.
• Tax Implications: Bonus payments and other promotional rewards are generally considered taxable income. You will likely receive a Form 1099-MISC from Fidelity reporting the income.
• Overall Investment Strategy: Don’t let promotions distract you from your long-term investment strategy. Choose a brokerage firm that best meets your needs and goals, regardless of short-term incentives.

Staying Informed

To stay up-to-date on the latest Fidelity promotions, visit the Fidelity Investments website and check their promotions page. You can also sign up for email alerts and follow Fidelity on social media for announcements. Be sure to compare Fidelity’s offerings with those of other brokerage firms to make the best choice for your individual circumstances.