Get Fidelity 50,000 United miles or 50,000 AA miles or 50,000 Delta miles

Fidelity offers up to 50,000 miles (United, American or Delta) for new assets deposits into non-retirement brokerage account.  I like United miles because 65,000 miles can be redeemed for round-trip economy ticket between Asia and US, particularly for emergency flight.  Instead of parking our emergency fund in a bank savings or checking or CD account for next 6 months (Schwab 0.10% APY, BofA 0.11% APY, Chase 0.05% APY CD) collecting meager interest, we decided to park the money at Fidelity for the next 6 months.  Common questions:

  • Would the money be FDIC insured ?
    • Fidelity brokerage account is not FDIC insured, but under SPIC protection up to $250,000 on claim for cash with exclusions.
  • Does Fidelity brokerage account has account or annual fee?
    • Like most brokerage firm, Fidelity brokerage account has no account fee or annual fee for at least $2500 balance or $200 monthly deposit.  The firm makes profit from the stock trading fee instead.
  • Is stock trading required?
    • No.

We selected to earn United miles. Nice 50,000 United miles was deposited into our non-retirement Fidelity brokerage account after about 3 weeks of money transferred into the account.  Rather than applying online, this time I called Fidelity at 800-544-3719 to setup account and receive approval on the phone. The Fidelity representative explicitly reminded me that the new deposit needs to stay in the account for at least 6 months in order to keep the 50,000 United miles.  But I see this in the promotion.

Account holders must maintain the minimum qualifying account balance (minus any losses related to trading or market volatility, or margin debit balances) at Fidelity for nine months from the date on which the reward is received. 

This offer expires October 31, 2014

This offer expires September 30, 2014

This offer expires February 14, 2014

The following are the most important part of promotion rules:

This promotional offer is only available to new or existing Fidelity brokerage account customers opening or depositing net new assets into a joint or individual nonretirement Fidelity Account®. Net new assets are defined as an individual’s external new money in minus money out, including distributions and transfers.

Promotional offers are limited to one per individual per rolling 12 months.

The promotion is not available for business accounts; trust accounts; mutual fund only accounts; retirement accounts, including, among others, Fidelity IRA, Roth IRA, SEP, and SIMPLE accounts; 401(k) and 403(b) workplace retirement plans; fiduciary accounts (including custodial accounts, estate accounts); 529 college savings plan accounts (i.e. college investment trust accounts); Fidelity accounts managed by Strategic Advisers, Inc. (for example, Portfolio Advisory Services); Institutional Wealth Services (IWS) clients; clients of registered investment advisors working with Fidelity Investments, annuities, and Stock Plan Services accounts. Offer is not valid for non-U.S. residents; persons affiliated with FINRA, a securities exchange or its members; employees of Fidelity, its affiliates, and members of their immediate families and households, or the media.

Funding must come from an external, non-Fidelity source via any standard monetary transfer method (a standard Transfer of Assets form, check, electronic funds transfer, ADM deposit, etc.). Your Fidelity account must remain open with the qualifying funding for six months from the date that the qualifying assets are first received in the eligible account.

New accounts must be opened within 30 days of registering for the offer. Additional deposits to the eligible Fidelity account may earn you a higher mileage award provided the result is that the cumulative assets meet or exceed the next eligibility tier (up to a maximum of 50,000 miles). For new accounts, initial and subsequent deposits must be made within 60 days of Fidelity account opening. For new money deposited into existing accounts, all deposits must be made within 60 days of registering for the offer.

Please allow 6-8 weeks for miles to post to your accountBonus award miles, award miles and any other miles earned through non-flight activity do not count or qualify for Premier® status unless expressly stated otherwise.

Taxes and fees related to award travel are the responsibility of the member.

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