Fidelity Bloom® is for
- • Aspiring savers who want to escape the cycle of spending their entire paycheck
- • Financial novices who are just starting their savings journey—regardless of age
- • Anyone who feels overwhelmed by their finances and wants budget tips
Why do I have 2 separate accounts in Fidelity Bloom®?
Research shows that you’re more likely to have a greater awareness of your finances, and less likely to move money, when you have separate accounts for saving and spending. Fidelity Bloom® is designed with behavioral science principles to help you spend more mindfully and save more successfully.
What types of accounts are Fidelity Bloom® Save and Spend?
Fidelity Bloom® Save and Fidelity Bloom Spend accounts are brokerage accounts with limited features available through the app so we can focus on helping you build positive saving habits.
By using brokerage accounts, we’re able to place your cash in low-risk money market mutual funds which have historically outperformed traditional savings accounts.
You may access a broader set of brokerage account features by logging in to your account on Fidelity.com or the Fidelity app.
Fidelity Bloom accounts are brokerage accounts covered by SIPC. They are not bank accounts and therefore are not covered by FDIC insurance. Holdings in your Fidelity Bloom accounts are subject to market risk and risk of loss.
Is Fidelity Bloom® for children or teens?
Fidelity Bloom® users must be at least 18 years old to open an account.
Fidelity offers a Youth Account for users under 18. Please visit fidelity.com/youth to learn more.
Investing involves risk, including risk of loss.
Past performance is no guarantee of future results.
Stockbrokers.com 2023 "Best New Tool for 2023: For the StockBrokers.com 2023 Review, all U.S. equity brokers StockBrokers.com reviewed were assessed on 196 different variables across eight areas: Commissions & Fees, Investment Options, Platforms & Tools, Research, Mobile Trading, Education, Ease of Use, and Overall.
The Fidelity Bloom App is designed to help with your saving and spending behaviors through your Save and Spend accounts, which are brokerage accounts covered by SIPC. They are not bank accounts and therefore are not covered by FDIC insurance.
The Fidelity® Debit Card is issued by Leader 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, and Fidelity is not affiliated with PNC Bank or BNY Mellon. The parent company of Fidelity has a minority percentage, noncontrolling interest in Leader Bank. Visa is a registered trademark of Visa International Service Association, and is used by Leader Bank pursuant to a license from Visa U.S.A. Inc.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917