The Fidelity Youth Account was created to help teens age 13 to 17 learn how to manage their money. They’ll be able to spend, save, and invest — all from one secure place, fully monitored by their parent (the custodian on the account).
A first of its kind
A parent or guardian must have or open a Fidelity account to open the Fidelity Youth Account for their teen. For new Fidelity customers, opening an account is easy, with no minimums and no account fees. Plus, parents and guardians will be able to monitor and supervise their teens’ trades, transactions, and cash management account activity online.