Youth Account A teen saving investing and spending account

Youth Account A teen saving investing and spending account

Fidelity Youth Account A teen saving, investing, and spending account

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h1 Fidelity Youth Account

Jumpstart your teen's financial learning. With the Fidelity Youth Account your 13 to 17-year-old can learn to save, spend, and invest in one secure place.
And for a limited time when you open a Fidelity Youth Account for your teen, they'll get a $50 reward.*

An account where teens can learn to save spend and invest

No account fees or minimums to open1

No subscription fees, account fees, minimum balances, or domestic ATM fees.

Secure parental oversight

Get insight into what your teen's doing on the secure Fidelity Mobile App every step of the way.

Saving and investing

Give your teen hands-on experience investing—starting with as little as $1 with fractional shares.

Financial education

A tailored curriculum to give teens the financial foundation they need.

Special offer

For a limited time, when you open a Fidelity Youth Account we'll put $50 into your teen’s account once they activate it. .

Stack up the savings

With no account fees or minimums,1 the Fidelity Youth Account can save your teen as much as $300 in just 5 years (based on a $5.00 monthly subscription over the course of 3 years)—that's money they could be investing. And with the included Fidelity Debit Card, your teen can begin learning healthy spending habits with an account that they own.
Fidelity Youth Account Greenlight Acorns GoHenry Subscription fees3 None $4.99/month $5.00/month $3.99/month Can teens invest?4 Yes, with no monthly fees Yes, with $7.98/month Greenlight + Invest plan No, teen investing not supported No, teen investing not supported ATM fees5 No domestic ATM fees2 Greenlight charges no ATM fees, though the bank owner may 55,000 fee-free ATMs within the AllPoint Network in the US & abroad $1.50 domestic ATM fees Teen-owned debit card6 Yes, free Yes, included with subscription fee No Yes, included with subscription fee
Chart above compares certain fees and features of offerings in the teen/young investor space. Before choosing a particular account, you should carefully review each offering and determine which offering is appropriate for you and your teen. Comparison is based on publicly available information on each product’s respective website. See below for additional details.

3. Subscription fee comparison based on published website subscription fees for accounts as of 5/20/2022. For Greenlight Invest: $4.99/month. For Acorns: $5.00/month. For GoHenry: $3.99/month. 4. Teen investing comparison based on published website investing data as of 5/20/2022. For Greenlight Invest: $7.98/month for teens to invest. For Acorns and GoHenry: teen investing is not supported. 5. ATM fee comparison based on published website ATM fee data as of 5/20/2022. For Greenlight Invest: No ATM fees, though bank owner of ATM may still charge a fee. For Acorns: 55,000 fee-free ATMs within the AllPoint Network. For GoHenry: $1.50 domestic ATM fee. 6. Teen-owned debit card comparison based on published website debit card data as of 5/20/2022. For Greenlight Invest: teen-owned debit card included with monthly subscription fee. For Acorns: no teen-owned debit card included. For GoHenry: teen-owned debit card included with monthly subscription fee.

Plant the seeds of investing early

With the Fidelity Youth Account, you can get your teen investing for as little as $1, building towards returns later in life for things like saving for a home or paying off student debt, helping them learn about the risks and rewards of investing now, setting them up better for the future.

The hypothetical chart above illustrates the potential growth of an investment account assuming a 7% annual nominal investment growth rate vs a .07% National savings account deposit rate as of May 16, 2022*. This chart assumes estimated/average return rates stay constant over the course of the time horizon and that no withdrawals were taken. Taxes, fees, and inflation are not included. Unlike traditional FDIC savings accounts, investments accounts are subject to market risk and do not carry FDIC insurance to protect from loss. Each type of account has its own unique set of potential benefits and limitations that you should consider before deciding what type is right for you. Interact with the slider to increase or decrease the monthly contribution to discover how the money could grow in an investment account vs an FDIC savings account. The monthly contribution is how much you want to invest every month. In this chart it is set at $250, but you can move the slider from $0 to $1,000 to see how your contributions could grow over time. For example, a $250 monthly contribution in an investment account could grow to $304,993 in 30 years compared to $90,949 in a traditional savings account, using end of month compounding. This example is for illustrative purposes only and does not represent the performance of any security. The assumed rate of return is not guaranteed. Investments that have potential for a 7% rate of return also come with risk of loss. Past performance does not guarantee future results. * FDIC: National Rates and Rate Caps IN-APP

Financial literacy for teens

We’ve created a library of educational content to help teens get smarter about the topics of saving, spending, and investing, making them feel empowered to make good financial decisions.
Teens with a Youth Account can find our Youth Learning Center in the app—or visit our . LEARNING CENTER

Talking to your kids about money

It's not always easy to talk about money—even with family. So we've created a series of articles that can help facilitate money conversations with kids.
WEBCAST

Getting a head start Investing for teens & parents

Designed to help teens develop good money habits, this webinar provides parents and teens with the fundamentals needed to get an early start in investing. Learn about topics like how age can be an advantage when it comes to compounding, the different types of investments available today, and how saving and investing can work together to help teens achieve their money goals.

Ongoing parental oversight

When you open an account for yourself and your teen you can:
Review activity online, and through monthly statements and trade confirmations Get alerts to see trades and transactions Close the account or cancel the debit card at any time
At age 18, your teen's account will be transitioned to a retail brokerage account at no additional cost.

Open your account

Before you get started, make sure you have your teen’s identifying documents handy.

Once you've completed the application and identification documents have been verified, your teen will need to activate their account and download our mobile app to fund and invest their account.

h3 Frequently asked questions

You, the parent or guardian, and your teen can open this brokerage account together. There are a few regulatory and legal steps you and your teen will have to complete first. As parent/guardian, you must: Have an existing . to begin opening a Youth Account. Upload images of physical documents of your teen’s Social Security card, plus one of the following: a current passport, birth certificate, driver’s license, or school ID. Once you complete the application process and submit the required documents, your teen will receive an email/SMS text with next steps. (NOTE: If steps are incomplete, the account will not be available to receive funds or trade.) Your teen will have to: . Download the Fidelity Mobile app and accept the Terms of Agreement. Once logged in, your teen will also have to accept the Youth Account Terms of Agreement. Once that last step has been completed, any funding links between your Fidelity account and your teen’s account will be activated. (Please allow 2 business days for this process.) The Youth Account is a teen-owned taxable brokerage account. It is owned by the minor, who makes all the investment decisions. This is unlike a , which is a custodial account that an adult opens and manages on behalf of a child under age 18 who has their own employment compensation.3 Earnings in a Roth IRA for Kids grow federal tax free; qualified withdrawals are also tax free.4 No, the Youth Account is a teen-owned brokerage account. It is owned by the minor, who makes all the investment decisions. This is unlike a custodial account (e.g., Uniform Gifts to Minors Act [UGMA] account or a Uniform Transfers to Minors Act [UTMA] account) where the custodian makes the investment decisions on the minor's behalf.

Best in the business

Rated #1 for Overall Broker
20227 Best Online Broker 20218 Best Online Broker for Beginning Best App for Investing 20229 Best Online Best Broker for Low Costs 202210

Learn about other account options for saving & investing for a child


Get in touch

*Fidelity reserves the right to terminate the $50 teen offer at any time. See official . Investing involves risk, including risk of loss. $0.00 commission applies to online U.S. equity trades and exchange-traded funds (ETFs) in a Fidelity retail account only for Fidelity Brokerage Services LLC retail clients. Sell orders are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). Other exclusions and conditions may apply. See for details. Employee equity compensation transactions and accounts managed by advisors or intermediaries through Fidelity Institutional are subject to different commission schedules. 1. Zero account minimums and zero account fees apply to retail brokerage accounts only. Expenses charged by investments (e.g., funds, managed accounts, and certain HSAs) and commissions, interest charges, or other expenses for transactions may still apply. See Fidelity.com/commissions for further details. 2. Your Youth Account will automatically be reimbursed for all ATM fees charged by other institutions while using the Fidelity Debit Card at any ATM displaying the Visa, Plus, or Star logos. The reimbursement will be credited to the account the same day the ATM fee is debited. Please note, for foreign transactions, there may be a 1% fee included in the amount charged to your account. The Fidelity Debit Card is issued by PNC Bank, N.A., and the debit card program is administered by BNY Mellon Investment Servicing Trust Company. These entities are not affiliated with each other or with Fidelity. Visa is a registered trademark of Visa International Service Association, and is used by PNC Bank pursuant to a license from Visa U.S.A. Inc. 7. StockBrokers.com 2022 Online Broker Review, January 2022: Fidelity was ranked No. 1 overall out of 15 online brokers evaluated in the StockBrokers.com 2022 Online Broker Review. 8. Kiplinger’s magazine, August 2021 Online Broker Survey. Fidelity was ranked No. 1 overall out of nine online brokers. Results based on ratings in the following categories: Commissions and fees, Investment choices, Mobile app, Tools, Research, Advisory services and Customer service. Also named Best for Investment choices, Tools and Advisory services in the 2021 survey. From Kiplinger's Personal Finance. 2021 The Kiplinger Washington Editors. All rights reserved. Used under license. 9. Fidelity was named NerdWallet's 2022 winner for Best Online Broker for Beginning Investors, Best Online Broker for IRA Investing and Best App for Investing. Results based on evaluating 16 brokers per category. 2017-2022 and TM, NerdWallet, Inc. All Rights Reserved. 10. ​Investopedia, January 2022: Fidelity was named the #1 Overall Online Broker and Best Broker for Low Costs among 23 brokers reviewed. Fidelity Brokerage Services LLC, Member NYSE, , 900 Salem Street, Smithfield, RI 02917 1005788.5.0

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Acceptable forms of documentation Your teen's Social Security card OR a copy of the first page of your latest filed 1040 tax return. This document should have your teen's name and Social Security number (SSN) clearly visible. An unexpired document with your teen's name (state-issues driver's license, passport, birth certificate, or student ID card). Important Information Virtual Assistant is Fidelity’s automated natural language search engine to help you find information on the Fidelity.com site. As with any search engine, we ask that you not input personal or account information. Information that you input is not stored or reviewed for any purpose other than to provide search results. Responses provided by the virtual assistant are to help you navigate Fidelity.com and, as with any Internet search engine, you should review the results carefully. Fidelity does not guarantee accuracy of results or suitability of information provided. Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.

Fidelity does not provide legal or tax advice, and the information provided is general in nature and should not be considered legal or tax advice. Consult an attorney, tax professional, or other advisor regarding your specific legal or tax situation.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
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