Fidelity Youth®

A teen-owned brokerage account that gives teens ages 13–17 the power to save and invest their own money—while letting parents stay connected.


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Account benefits


Empower your teen to prepare for their financial future and safely build strong money skills for life.

$0 Fees to open


The Fidelity Youth® Account has no subscription fees, no account fees, and no minimum balances to open.1

Saving made easy


Teens can easily organize and manage their money—and automatic savings can help them reach their goals faster.

Investing with just $1


A brokerage account with the tools and education to help teens invest with as little as $1.

Safe and sound

Parents can view their teen's investments and transactions, and get notified of account activity, to provide guidance and oversight. Plus, your teen's account is secured with the Fidelity Customer Protection Guarantee.

An app designed for teens

Teens get more out of their account with the Fidelity Youth® app.


Don't let gift cards go to waste

Don’t let your teen’s unused gift cards go to waste. With the Fidelity Youth app, your teen can exchange unused gift cards for cash they can save or invest.


In-app lessons and rewards

Teens can learn the basics of saving and investing with tailored, interactive lessons. They can even earn rewards for completing them in the app.


Allowance scheduling

It's easy to schedule an allowance for your teen on a weekly or biweekly basis. Edit, pause, or stop allowances from within the app.

How to get started

  1. Parent opens the account

    A parent or guardian must open the Fidelity Youth Account on behalf of their teen; parents must have an existing account with Fidelity.2 To make things easier, both accounts can be opened at the same time.

  2. Teen downloads the app

    Available for both iOS and Android devices, the app isn’t just for teens—parents can also use it to review their teen's account activity, send money, and more.

  3. Teen activates the account

    Teens create a login and agree to terms and conditions to activate their new account. Your teen can request a debit card once the account is activated.


Open a Fidelity Youth Account


Download the Fidelity Youth app

Helping your teen's cash work harder

We take your teen's uninvested cash and automatically put it into a money market fund that can now earn 4.97%.


Fidelity® Government Money Market Fund (SPAXX*) 7-day yield as of July 4, 2024; the yield may vary owing to market conditions.3


*The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted. Visit Fidelity.com for more recent performance.

Frequently asked questions

  • What is the Fidelity Youth® Account?

    The Fidelity Youth® Account is a teen-owned brokerage account. It is not a joint account or a custodial account. Fidelity Youth® lets teens save and invest in a single account. There are no subscription fees, no account fees, and no minimums to open the account.2 The teen is the owner of the account and has control over it (i.e., they are the sole decision maker, not the teen's parent or guardian).

  • Is the Fidelity Youth™ Account a joint account or custodial account?

    No, the Fidelity 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.

  • What securities is my teen able to invest in?

    Teens can invest in:

    • Fidelity mutual funds
    • Most US stocks
    • Some exchange-traded funds (ETFs)

    Teens cannot invest in:

    • Third-party mutual funds
    • Corporate bonds
    • Municipal fixed income securities
    • Certificates of deposit (CDs)
    • Treasuries
    • REITs
    • Convertibles
    • Leveraged and inverse ETFs
    • Cryptocurrencies
    • FILI Insurance products
    • Penny stocks (stocks valued at $5/share or less)
    • International stocks
    • Foreign currencies

    Additionally, teens cannot engage in options or margin trading or short selling, or participate in a company's IPO.

  • What controls does a parent have over a teen’s Fidelity Youth® Account?

    Parents/guardians will:

    • Initiate and approve of opening the account
    • Retain the ability to close the account and/or cancel the debit card at any time
    • Be an Interested Party with “inquiry access,” meaning they will be able to review debit card statements, trade confirmations, and account transactions
    • Be designated as the “trusted contact”—a contact on the account should a situation concerning the teen’s welfare arise

    Parents cannot:

    • Transact in the account
    • Withdraw money from the account
  • How is the money in a Fidelity Youth® Account safeguarded?

    Fidelity brokerage accounts are covered by SIPC. This includes money market funds held in a brokerage account since they are considered securities. Learn more about SIPC coverage at www.sipc.org.

  • What happens when my teen turns age 18?

    Once the teen reaches age 18, the account must be converted to a standard Fidelity brokerage account. The assets will stay in the same account and keep the same account number/login credentials. Teens can still use the Fidelity Youth® app when they turn 18; however, additional capabilities are available to them in the Fidelity Mobile® app. As the account owner, the teen will need to agree to a new set of governing documents, including a new account agreement. They will be prompted to convert their account starting on their 18th birthday. The debit card they were issued for their Fidelity Youth® Account will continue to be valid until it expires. At that point, a new brokerage debit card will be issued. They can access information about their card on the debit card page.1

    The Fidelity Youth® Account is not a custodial account, and the state law definitions of age of majority that pertain to the transition of custodial accounts do not apply to Fidelity Youth® Accounts.

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