Fidelity
Fidelity Youth Account
By Alex Compton · Last verified
Teen-owned investing for ages 13–17, with an optional debit card
Insurance: Brokerage account protected by SIPC, including money market funds held in the account; not a bank deposit account. Debit card issued by Leader Bank, N.A.
Account Terms History
A dated record of APY, fees and opening requirements. New changes append to this table; prior terms remain visible.
| Observed | APY / yield | Monthly fee | Minimum | Evidence |
|---|---|---|---|---|
| 2026-10-23 | Uninvested cash can sit in money market funds at prevailing rates | $0 | None | Fidelity Youth FAQ, parent agreement, overview and card/commission schedules →Scoped review clarified optional debit card, account fees versus investment costs, parent oversight and ability to request trading suspension, simultaneous parent-account setup and required conversion at 18. Removed unsupported debit-card-only mode and absolute free-investing claims. October 12 full-record verification and earlier history retained. |
| 2026-10-12 | Uninvested cash can sit in money market funds at prevailing rates | $0 | None | Fidelity Youth Account overview, FAQs and features-by-account page →Reconfirmed ages 13-17, $0 fees and minimums, parent retail Fidelity account requirement, parent inquiry-only access, and full ATM reimbursement; corrected protection to SIPC (the page does not claim FDIC coverage) and added the 60-day conversion window at 18 |
| 2026-06-11 | Uninvested cash can sit in money market funds at prevailing rates | $0 | None | Archive record · no attached snapshotLegacy snapshot before event-level evidence attachments |
Primary-source verification log
Append-only evidence ledger- changed
Scoped correction of optional debit card, investment-cost wording, parent oversight and required conversion at 18; full-record date retained.
Fields: tagline, features, atm, pros, cons, ourTake, bestFor, termHistory
Fidelity Youth FAQ, parent agreement and pricing disclosures → - confirmed
Guide-only check: ages 13-17, teen-owned brokerage, parent account required, optional debit, no account fees or minimum and 60-day conversion action at 18. Full-record date retained.
Fidelity Youth overview → - changed
Ages 13-17, $0 fees, parent Fidelity account requirement and full ATM reimbursement confirmed; protection corrected to SIPC only and 60-day conversion window at 18 added
Fields: fdic, features
Fidelity Youth Account overview, FAQs and features-by-account page →
Features
- ▸Teen-owned brokerage for ages 13–17, with fractional investing from $1
- ▸Eligible US stocks, ETFs and Fidelity mutual funds; investment restrictions apply
- ▸Optional debit card after activation, with ATM reimbursement under Fidelity’s schedule
- ▸No subscription or account fee and no opening minimum; investment and transaction costs can still apply
- ▸Parents monitor activity and can request trading suspension, card cancellation or account closure
- ▸Financial education within the Fidelity Investments app
- ▸Owner must complete conversion at 18; additional purchases are restricted until conversion, with further restrictions after 60 days
Pros
- +Teen owns the investments and makes decisions
- +Optional debit card with ATM reimbursement
- +No monthly account subscription
- +Fractional investing allows small starting amounts
Cons
- −Parent needs a retail Fidelity relationship; both accounts can be opened together
- −Investment losses are possible, and parents must supervise activity
- −For ages 13–17; not an account for younger children
- −Conversion at 18 requires action; investment expenses and transaction fees can still apply
Our Take
Fidelity Youth fits a teen who wants to learn investing through decisions in an account they own. The optional debit card adds spending access, but parents should understand the oversight role and the investment risks. The parent can open their own eligible Fidelity account during setup. Review the actual investments, cash holding and applicable costs, and complete the required account conversion at 18.
Best for: Teens ages 13–17 interested in owning investments with parental oversight
Open at Fidelity →Last verified 2026-10-12
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