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Vote? Not yet. Invest? Yes. Fidelity launches teen accounts Fidelity is launching a new type of account for teenagers to save, spend and invest their money By Associated Press Share: FILE - In this Oct. 14, 2019 file photo a Fidelity Investments logo is attached to a building, in Boston. Fidelity is launching a new type of account for teenagers to save, spend and invest their money. The account is for 13- to 17-year-olds, and it will allow them to deposit cash, have a debit card and trade stocks and funds. (AP Photo/Steven Senne, File) NEW YORK Looking to draw in the next generation of investors, Fidelity Investments is launching a new type of account for teenagers to save, spend and invest their money. ....
NEW YORK • Looking to draw in the next generation of investors, Fidelity Investments is launching a new type of account for teenagers to save, spend and invest their money. ....
Fidelity program aims to get teens financially literate Associated Press NEW YORK – Fidelity Investments is launching a new type of account for teenagers to save, spend and invest their money. The account is for 13- to 17-year-olds, and it will allow them to deposit cash, have a debit card and trade stocks and funds. The teens can make their own trades through a simplified experience on Fidelity s mobile app, with zero account fees or minimum balances, though the youth account requires a parent or guardian to have their own account as well. Fidelity s youth account will not put limits on how much or often a teen can trade, though it won t let them buy or sell cryptocurrencies, stock options or ETFs that use borrowed money to supercharge gains and losses. Fidelity s hope is that parents and guardians will use the new youth account as a way to have conversations about how to safely invest. ....
Fidelity launches saving, investing account for teenagers May 17, 2021 FacebookTwitterEmail NEW YORK (AP) Looking to draw in the next generation of investors, Fidelity Investments is launching a new type of account for teenagers to save, spend and invest their money. The account is for 13- to 17-year-olds, and it will allow them to deposit cash, have a debit card and trade stocks and funds. The teens can make their own trades through a simplified experience on Fidelity s mobile app, with zero account fees or minimum balances, though the youth account requires a parent or guardian to have their own Fidelity account as well. ....
NEW YORK Looking to draw in the next generation of investors, Fidelity Investments is launching a new type of account for teenagers to save, spend and invest their money. The account is for 13- to 17-year-olds, and it will allow them to deposit cash, have a debit card and trade stocks and funds. The teens can make their own trades through a simplified experience on Fidelity’s mobile app, with zero account fees or minimum balances, though the youth account requires a parent or guardian to have their own Fidelity account as well. Fidelity says it’s the first such account designed for teenagers, but it’s only the latest step in a broad push by the industry to draw more first-time investors into the market. Over the years, brokerages have slashed trading commissions to zero and offered easy-to-use apps in hopes of boosting the percentage of U.S. households that are in the stock market, which has climbed back above half. Holding stocks is one of the best ways to build w ....