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Fidelity

Fidelity Youth Account

A real brokerage account the teen actually owns, with a debit card attached

9.0
Our Rating
APY
Uninvested cash can sit in money market funds at prevailing rates
Monthly Fee
$0
Minimum to Open
None
ATM Access
Fidelity reimburses all ATM operator fees, anywhere

Insurance: Brokerage account with SIPC protection; cash positions can carry FDIC coverage via Fidelity's program banks

Features

  • ▸Teen-owned brokerage account for ages 13-17, with the teen as the sole decision maker
  • ▸Invest in most US stocks, ETFs, and Fidelity mutual funds, with fractional shares from $1
  • ▸Fidelity ZERO index funds at a true 0.00% expense ratio
  • ▸Free debit card with all ATM fees reimbursed worldwide
  • ▸No commissions, subscription fees, account fees, or minimums
  • ▸Parents get inquiry access: statements, trade confirmations, and transaction monitoring, plus a debit-card-only mode
  • ▸Built-in financial education content in the Fidelity app
  • ▸Converts to a standard Fidelity brokerage account at 18, with no UTMA custodial transfer process

Pros

  • +Only major account where a minor truly owns and manages real investments
  • +Universal ATM fee reimbursement embarrasses every competitor on this page
  • +Assets are the teen's from day one, so no custodial-transfer paperwork at 18
  • +Completely free, including the investing side

Cons

  • −Parent or guardian must have their own retail Fidelity account to open one
  • −Teen has full trading control; parents can monitor but not block individual trades
  • −No chores, allowance, or kid-app gamification
  • −Not suitable below 13, and overkill for teens who only want spending money

Our Take

The Fidelity Youth Account is the endgame of teen financial products: a genuinely free, teen-owned brokerage with a debit card and universal ATM fee reimbursement stapled on. A 15-year-old can buy fractional shares of an index fund with babysitting money and own a real portfolio at 18 with zero transfer friction. The tradeoff is control. Parents watch but don't approve trades, which is the point of the product and also the reason it's wrong for impulsive kids. For a motivated teen, nothing else here comes close.

Best for: Investing-curious teens 13-17 whose parents already use Fidelity

Open at Fidelity →

Last verified 2026-06-11

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