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.


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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.

$50, Snag a reward for your teen

Special offer

$100 for you when you fund a new account with $50. Terms and conditions apply.


$50 for your teen when you open a Youth Account. Terms and conditions apply.


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Youth Account features

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 monthly subscription over the course of 3 years)—that's money they could be investing. And by opening your own account, you can easily transfer money to your teen, allowing them to learn healthy spending habits using their included Fidelity® Debit Card.


  Fidelity Youth Account Greenlight Acorns GoHenry
Subscription fees* None $4.99/month $5.00/month $4.99/month
Can teens invest?+ Yes, with no monthly fees Yes, with no monthly fees No, teen investing not supported No, teen investing not supported
ATM fees‡ No 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 & international ATM fees
Teen-owned debit card§ Yes, free Yes, included with subscription fee No Yes, included with subscription fee
Transfer money to teen's account Yes, free Yes, included with subscription fee Yes 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.

  • More information

    * Subscription fee comparison based on published website subscription fees for accounts as of 5/18/2023. For Greenlight Invest: $4.99/month. For Acorns: $5.00/month. For GoHenry: $4.99/month.

    + Teen investing comparison based on published website investing data as of 5/18/2023. For Greenlight Invest: no investing fee for teens to invest. For Acorns and GoHenry: teen investing is not supported

    ‡ ATM fee comparison based on published website ATM fee data as of 5/18/2023. 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; $1.50 international ATM fee.

    § Teen-owned debit card comparison based on published website debit card data as of 5/18/2023. 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.

Monthly contribution

Investing account

FDIC-insured savings account

Minimum: Maximum:

Chart is a hypothetical comparison. Investing involves risk of loss and performance is not guaranteed.

  • How this chart works

    The hypothetical chart above illustrates the potential growth of an investment account assuming a 7% annual nominal investment growth rate vs a .39% National savings account deposit rate as of April 17, 2023*. 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 $1 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 $95,460 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 Teens and money page.

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.


Learn more

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.


Learn more

Ongoing parental oversight

By opening a Fidelity account for yourself, you get insights into your teen’s account while also being able to support them when they need it. This includes the ability to:


  • Review activity online, and through monthly statements and trade confirmations
  • Easily transfer money—like their allowance—from your account into your teen's
  • 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.


Learn more about oversight

Open your account

1. Open an account for your teen


  • Existing Fidelity customer? Open a Fidelity® Youth Account for your teen
  • New to Fidelity? Open a Fidelity® Youth Account and The Fidelity Account for yourself at the same time.

See the full list of acceptable documents

2. Have your teen complete the account setup


  • Download the Fidelity Mobile® App
  • Create a username & password and login
  • $50 is deposited into your teen’s account
Open an account

Frequently asked questions

  • What steps do I take to open a Youth Account?

    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 a Fidelity brokerage account. If you don't have a one, we'll help you open it while you open the Youth account for your teen.
    • Open the Youth Account for your teen.Log In Required
    • 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:

    • Establish a username and password.
    • 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.)

  • How is a Youth Account different from a Roth IRA for Kids?
    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 Roth IRA for Kids, 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
  • Is the Fidelity Youth Account a joint account or custodial account?

    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.

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