Fidelity Bloom: Save Spend
Fidelity Bloom is a free financial app and debit card that aims to help users save more money and develop better money habits. With Fidelity Bloom, users can earn rewards while they spend and save. The app offers various features to encourage saving, such as an annual savings match and automatic deposits for every purchase made using the Fidelity Bloom debit card. Additionally, users can receive cash back on purchases made through the app with over 1,000 participating retailers.
Fidelity Bloom provides two accounts that work together seamlessly – Fidelity Bloom Spend and Fidelity Bloom Save. The Spend account can be used for everyday expenses, while the Save account allows users to track their rewards and automatically rounds up their debit card purchases, with the change going directly into the Save account.
The app also offers personalized prompts to help users improve their relationship with money and finances. It provides timely reminders to save more and spend less, ultimately helping users develop healthier saving habits.
Please note that Fidelity Bloom accounts are brokerage accounts covered by SIPC insurance and not bank accounts covered by FDIC insurance.
Overall, Fidelity Bloom is a free and user-friendly financial app that offers rewards, convenient account management, and personalized prompts to help users save more and improve their financial well-being.