Fidelity Savings Account
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What is Fidelity Savings Account?
529 College Savings Accounts are flexible savings plans specifically for costs of attending college and require only $50 to open an account (or automatic contributions into the account of at least $15 per month). There are no income restrictions or annual account fees and these Accounts allow for high contribution limits and tax benefits.
Custodial Accounts (also known as Uniform Gifts/Transfers to Minors Acts – UGMA or UTMA) are brokerage accounts with multiple trade and cash management features. These accounts are overseen the by the adult opening the account on behalf of the named minor and all funds within the account are irrevocable gifts to only that named minor beneficiary. A minimum of $2,500 is required to open Custodial Accounts, which are accessible online for everyday use and involve no fees.
Fidelity Savings Account Conclusion
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