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Fidelity® Investments is one of the larg
Whether you're new to investing or you're looking to switch from your existing brokerage firm, the Fidelity Starter Pack℠ includes two accounts with no account fee
Fidelity Starter Pack Review
The Fidelity Starter Pack is a bundle of accounts that provides you with T
Here's what you can expect from the Starter Pack.
iStock
Fidelity Starter Pack Reward
When you open a Fidelity Starter Pack, use the
Even if you're not interested in the Starter Pack, you can sti
- The F
idelity count® Ac - Fidelit
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The Fidelity Account
The Fidelity Account is a low
Fees
Like many other online brokers, Fidelity offers commiss
Note, however, that there is a f
There is also an Options Regulatory Fee that applies to both option buy and sell transactions. The fee is subject to change.
Investment Options
The brokerage accoun
- Stocks (both domestic and international)
- ETFs
- Mutual funds
- Options
- Bonds
- Certificates of deposit (CDs)
- Precious metals
Fidelity offers fractional shares, which allows
Other Account Features
Fidelity offers a var
- Free, independen
t market research from more th an 20 providers - An accura
cy-weighted score to help you e valuate stock picks - Custom
ized alerts and watch lists - Ma
rgin tra ding - Intern
ational investing in 25 markets and 16 cu rrencies - Exten
ded-hours trad ing - Adva
nced tools for active tra ders - 24
/7 access to su pport
Fidelity® Cash Management Account
While it's technically not a checking account, the Fidelity Cash Management Account of
Fees and Interest
The account doesn't have any monthly account fees, and it also offers
Additionally, the account offers 2.
Explore the Best High-Yield Savings Accounts
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Other Account Features
The Fidelity Cash Management Account also offers oth
- De
bit ca rd - Digit
al wallet compatib ility - M
obile check de posit - B
ill p ay - Rea
l-time spending reports - Che
ck-writing priv ileges
Is the Fidelity Starter Pack Right for You? Consider the Pros and Cons
If you're thinking about opening a brokerage account and cash management account, here are some of the advantages and disadvantages to consider with the Fidelity Starter Pack.
Pros
- Low costs: You don't need to worry about costly trading commissions or account fees. With no minimum balance requirement, you can also start small if you need to, and fractional shares make it easy to invest in your favorite stocks and ETFs with just $1.
- Full of features: Despite their low cost, both accounts are chock-full of valuable features that can make it easy to both make good investment decisions and manage your everyday finances.
- Mobile access: The Fidelity mobile app makes it easy to manage your money on the go, earning solid customer reviews. The app is available on Apple, Android, and Amazon devices.
Cons
- Professional coaching requires high balance and additional fees: While Fidelity Go offers users access to a robo advisor free of charge, professional coaching doesn't unlock until your balance exceeds $25,000, at which point additional fees apply. This requirement is on the high end, and may be difficult for some new investors to achieve.
- No separate checking and savings: If you like to keep your checking and savings balances separate to keep track of your savings goals, it might be difficult with this account.
- No other banking products and services: If you like to have all of your everyday finances under one proverbial umbrella, it may make sense to get a checking and savings account with a bank or credit union that offers more financial products and services.
As you consider whether the Fidelity Starter Pack is the right fit for you, take some time to rese
Disclosures
* Zero account minimums and zero account fees apply to retail brokerage accounts only. Expenses charged by investments (e.g., managed accounts) and comissions, interest charges, or other expenses for transactions may still apply.
1 Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read [Characteristics and Risks of Standardized Options](https://www.theocc.com/Company-Information/Documents-and-Archives/Options-Disclosure-Document). Supporting documentation for any claims, if applicable, will be furnished upon request.*
2 The Fidelity Cash Management account is a brokerage account designed for investing, spending and cash management. Investing excludes options and margin trading. For a more traditional brokerage account, consider the Fidelity Account.
3 The Cash Balance in the Fidelity Cash Management Account is swept into an FDIC-Insured interest-bearing account at one or more program banks and, under certain circumstances, a Money Market mutual fund (the "Money Market Overflow"). The deposits swept into the program bank(s) are eligible for FDIC Insurance, subject to FDIC insurance coverage limits. Balances that are swept to the Money Market Overflow are not eligible for FDIC insurance but are eligible for SIPC coverage under SIPC rules. At a minimum, there are 20 banks available to accept these deposits, providing for up to $5,000,000.00 of FDIC insurance. If the number of available banks changes, or you elect not to use, and/or have existing assets at, one or more of the available banks, the actual amount could be higher or lower. All assets of the account holder at the depository institution will generally be counted toward the aggregate limit. For more information on FDIC insurance coverage, please visit www.FDIC.gov. Customers are responsible for monitoring
4 Your Fidelity Cash Management account will automatically be reimbursed for all ATM fees charged by other institutions while using the Fidelity® Debit Card at any ATM displaying the Visa®, Plus®, or Star® logos. The reimbursement will be credited to the account the same day the ATM fee is debited. Please note, for foreign transactions, there may be a 1% fee included in the amount charged to your account.
Ben Luthi
Ben Luthi is a personal finance and travel writer and credit card expert. He has a degree in finance from Brigham Young University and worked in financial planning, banking and auto finance before writing full-time for NerdWallet and Student Loan Hero. Ben is now a full-time freelance writer and enjoys traveling and spending time with his two kids. His work has appeared in several publications, including U.S. News & World Report, USA Today, Money, Success and Slickdeals.
