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Save for retirement while your assets grow tax-free in our no-fee IRA account1, intended for investors 18 and older who meet the Roth IRA income limits.

You can open a Roth IRA using one of two processes. No matter which process you choose, you will still open a Roth IRA.

Use the SimpleStart process

Our SimpleStart IRA process helps you automate saving and investing for retirement with one account application.

  • We waive the usual $2500 minimum when you enroll in automatic contributions depositing $200 a month in your IRA.3
  • For an investment, consider the Fidelity Freedom Funds®, an all-in-one retirement solution.4 You can also choose from the wide range of investment options that Fidelity offers.
Use the standard process

Open your Roth IRA in about 20 minutes. Select funding options and other features later.

  • $2500 minimum initial deposit (waived if you enroll in automatic contributions3).
  • Choose from a wide range of investments.

 
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 Roth IRA Account Details
Key Benefits Fidelity Advantage Getting Started
  • No annual maintenance fee.1
  • No transaction fee when trading most Fidelity mutual funds.2
  • Your money grows tax-deferred, as earnings are not subject to tax until they are withdrawn.
  • Contributions may be tax-deductible, based on income and participation in a workplace retirement plan.
  • Two choices for your core position (where your money is held until you invest or withdraw it):

    — FDIC-Insured Deposit Sweep:
    An interest bearing cash position, offering the benefit of FDIC insurance eligibility through a Program Bank3. See the current interest rates.

    — Fidelity Cash Reserves:
    A Fidelity money market fund.4
  • A broad range of investment choices, including more than 4,600 Fidelity and non-Fidelity mutual funds, index and exchange traded funds, plus stocks, bonds, and options.
  • Comprehensive research and tools to help you find, analyze, and track investment performance.
  • Knowledgeable representatives to help you create and maintain your plan.
  • Fidelity® Retirement Rewards American Express® Card. Apply for the card to earn 2% on purchases to your Fidelity IRA.5
  • Minimum to open $2500. Waive the minimum by making auto contributions from your bank account or with a SimpleStart IRA3
  • Maximum contribution for tax years 2008 and 2009: $5000 ( Age 50 or older: $6000 for 2008 and 2009)
  • Select from a number of convenient ways to make a first-time contribution to your account.
  Visit our retirement products area to learn more about IRAs and options for retirement investing.
1 There is no brokerage account fee on Fidelity’s Traditional, Roth, SEP, and Rollover IRAs. Fund expenses and brokerage commissons still apply. Depending on your situation, fees may include low–balance fees, short–term trading fees and account closing fees. Other fees and expenses applicable to continued investment are described in the fund’s current prospectus.
2 For more information, refer to the Brokerage Commission & Fee schedule for retirement accounts.
3 The Cash Balance in the FDIC–insured Deposit Sweep is swept to an FDIC–insured interest-bearing account at a Program Bank. The deposit at the Program Bank is not covered by SIPC. The deposit is eligible for FDIC insurance subject to FDIC insurance coverage limits. All assets of the account holder at the depository institution will generally be counted toward the aggregate limit. The Program Bank will be assigned to your account during the account opening process. See the current list of eligible Program Banks. For more information, please see the FDIC Insured Deposit Sweep Program (PDF) disclosure document. For more information about FDIC insurance coverage, please visit the FDIC Web site at www.FDIC.gov or call 877–ASK–FDIC. Customers are responsible for monitoring their total assets at the Program Bank to determine the extent of available FDIC insurance. All FDIC insurance coverage is in accordance with FDIC rules.
4 An investment in a money market fund is not a bank deposit and is not insured or guaranteed by the FDIC or another government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.

Before investing, consider the fund’s investment objectives, risks, charges, and expenses. Contact Fidelity for a Prospectus containing this information. Read it carefully
5 For information about the rates, fees, other costs, and benefits associated with the use of this credit card, or to apply, go to www.fidelity.com/creditcards and refer to the disclosures accompanying the online credit card application, or call FIA Card Services toll-free at 1-866-598-4971 . This credit card program is issued and administered by FIA Card Services, N.A., which is not an affiliate of Fidelity Investments. For complete information visit www.fidelity.com/creditcards.
American Express is a federally registered service mark of American Express and is used by the issuer pursuant to a license. Establishment or ownership of a Fidelity account or other relationship with Fidelity Investments is not required to obtain a Card or to be eligible to use points to obtain any rewards offered under the program other than Fidelity Rewards.
Before investing, consider the fund’s investment objectives, risks, charges and expenses. Contact Fidelity for a prospectus containing this information. Read it carefully.

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