Fidelity has different offers for new and existing customers. Here is one for 50k AA miles when you open an account and fund with 100k. What many have been doing is open with 15k, withdraw the money, deposit 15k and rinse and repeat until you reach 100k deposited.
https://scs.fidelity.com/other/offers/registration_aa2.shtml?MSC=AA01
It's more than that. They have a few stackable promotions (unless they catch on and stop allowing the ppl to churn the money).
For opening a first time account, receive 50k miles on either AA or UA (and perhaps others) for depositing 100k. (They have other levels as well if you can't reach 100k of deposits during 90 days)
Then, you can add on a Delta offer for existing accounts with the same rewards, so another potential 50k miles.
Then, there's another stackable offer of an Apple gc, which maxes out at $500 after depositing 300k. I think the lowest level is $100 after 75k deposit.
I've been transferring in and out around 25k for the last few weeks (it takes around a week to 10 days for the money to post) and will soon be reaching 100k in deposits.
So far, I have received 30k UA, and 25k Delta, and I hope it'll all be given soon after reaching the 100k in deposits. I may try to deposit a bit more to reach a higher Apple gc, but 300k is too much since it has to be done in 90 days I think.
There's a long FT post on this where he gives a step by step guide for how to do this, but I'm not sure I'm allowed to post a link.
Then I'll do the same for my wife, and then I'll do a joint account. Hopefully, they'll all work.
If ppl are interested, we should start a new thread with data points, advice, etc.
