How to Keep My Fidelity Account Active and Avoid Closure
Summary of the conversation:
- Main Problem: The user is concerned about keeping their Fidelity account active to prevent it from becoming inactive.
- Solution: Fidelity accounts will not close due to inactivity as long as there are funds in the account.
- Additional Activity: Investment activity, such as earning interest or dividends, counts as account activity.
- Zero Balance Policy: If an account has a $0 balance and no activity for a certain period, it may be closed.
- Roth IRAs and HSAs: The same inactivity rules apply to Roth IRAs and retail Health Savings Accounts (HSAs), though workplace-connected HSAs might have different rules.
Here’s the full thread
Good day fidelity what are things i can do to keep my account active so it won’t be inactive
Im pretty sure Fidelity accounts dont de-activate or anything if you dont do anything.
Hello there, @lowege. Great question; I’ll be happy to answer it for you.
As long as your account has funds, it will not close to inactivity. Please keep in mind that if you are invested and earning interest or dividends, that is account activity.
Now if your account has a $0 balance and no activity for a certain period of time, they system will close the account.
Please let us know if you have further questions! 🟢
Does that go for HSA’s and roth IRA’s too?
Great question, @lowege.
This pertains to both Roth IRAs and retail Health Savings Accounts (HSAs).
That said, if the HSA is connected to a workplace plan, it is possible it could also be closed.
If you have additional questions, please let us know. We’ll be happy to help! 🟢