Free $150 from Fidelity

Sunset said:
If a person did the IRA account, how do they give you the $150 ?
Will they put in into an IRA account ?
Click to expand...

"The bonus award will be deposited directly to the eligible account within 10 calendar days after the qualification period."
 
Sunset said:
So if a person opened a Roth account, the $150 would be tax free :confused:
Click to expand...

No. I think they will send you 1099 - their addition to the account counts as a contribution by you. Essentially you contributed taxable money to the account. It's not earnings on the account.

Individuals who max out their contribution for the calendar year are also not eligible for the bonus award.
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This means they are contributing as part of your annual allowable amount.
 
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Thanks! Just opened a cash management account for me and will open one for DW shortly.
Really easy process if you already have any Fidelity accounts. Everything was prepopulated and just required a few mouse clicks.
 
njhowie said:
No. I think they will send you 1099 - their addition to the account counts as a contribution by you. Essentially you contributed taxable money to the account. It's not earnings on the account.

This means they are contributing as part of your annual allowable amount.
Click to expand...

Since I don't have an allowable amount for IRA since no earnings, this seems to open a can of worms.

Maybe I'll just go for the cash management account.

ha ha ha ha ha..... waited too long and now the site is broken....... and it's back up !
 
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Thank you for the tip. Just set up accounts for DW and myself. Also contacted DS so she can do the same.
 
Great offer, but this statement is listed at the end of the offer:


Agree to conduct business with Fidelity electronically and to the electronic delivery of all documents and communications for all your Fidelity accounts as detailed in the Electronic Delivery Agreement


I prefer to receive paper statement...
 
I called Fidelity and they said no changes will be made to the other accounts and I will continue to receive paper statements.
 
Sweet, thanks, I just did this for myself and my wife.

$300 return on $100 in 25 days (max it takes for money to be deposited they say) is a annualized return of 4,782,979%
 
We've got his and hers at Fidelity for Roths, HSA, Brokerage, that's 6. She's already got the Fidelity Money Management account, and we have the 529 and a rollover IRA, so 8 at Fidelity. Beyond Fidelity, there's the bank(2) & credit union(3), 401k, and vanguard brokerage, 7 more. That's 15, and I'm probably forgetting some. Do I really want another account that doesn't give me anything I don't already have (except for the one-time $150)? I'm toying with the new credit union brick and mortar that opened in the abandoned BofA building for medallion service and safe deposit box. I really need to consolidate rather than add.
 
sengsational said:
We've got his and hers at Fidelity for Roths, HSA, Brokerage, that's 6. She's already got the Fidelity Money Management account, and we have the 529 and a rollover IRA, so 8 at Fidelity. Beyond Fidelity, there's the bank(2) & credit union(3), 401k, and vanguard brokerage, 7 more. That's 15, and I'm probably forgetting some. Do I really want another account that doesn't give me anything I don't already have (except for the one-time $150)? I'm toying with the new credit union brick and mortar that opened in the abandoned BofA building for medallion service and safe deposit box. I really need to consolidate rather than add.
Click to expand...

Well, it takes about 5 min, but try this instead. Pull out 15 $20 bills from your wallet and throw them in the fireplace. If you don't feel regret, then you didn't need to bother with this offer.
 
sengsational said:
We've got his and hers at Fidelity for Roths, HSA, Brokerage, that's 6. She's already got the Fidelity Money Management account, and we have the 529 and a rollover IRA, so 8 at Fidelity. Beyond Fidelity, there's the bank(2) & credit union(3), 401k, and vanguard brokerage, 7 more. That's 15, and I'm probably forgetting some. Do I really want another account that doesn't give me anything I don't already have (except for the one-time $150)? I'm toying with the new credit union brick and mortar that opened in the abandoned BofA building for medallion service and safe deposit box. I really need to consolidate rather than add.
Click to expand...

You can close it in 90 days
 
It says I'm not eligible for this promotion. I think I did something like this last year. That's the only thing I can see that would block me.
 
Fermion said:
Sweet, thanks, I just did this for myself and my wife.

$300 return on $100 in 25 days (max it takes for money to be deposited they say) is a annualized return of 4,782,979%
Click to expand...

You have to figure the return over the 90 day minimum required account life, still a healthy return
 
Thanks for posting about this. I just opened one for DH. Very easy since he already has a Fidelity account for his HSA.

I did this promo for myself last year but it was for $100, not $150. Then when I tried to do it for DH I missed it and it was no longer offered.

For some bank promotions you can withdraw the bonus and just keep the account open. This one you have to leave the bonus in the account for 90 days -

"Account holders must 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. Fidelity may charge accounts that fail to comply with this requirement the cost of the bonus award."
 
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Thanks for the heads up for this. I opened one for myself, and just did one for my uncle, as well. I had no trouble doing my own account, earlier in the day, but for some reason, when I tried to open one for my uncle, it kept crashing. Maybe it's getting popular, and new applications are overloading their server?

I have a couple of friends who could really use an extra $150. I'm going to try a little experiment, and tell them about it, to see if they jump on it or not. I have a gut feeling that they won't...probably "too much trouble" :p
 
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