E*TRADE IRA Promotion
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E*TRADE IRA Promo Code
If you're considering opening a new brokerage account, E*TRADE might be worth your consideration. This popular broker is offering a cash bonus of up to $600 to new customers! To earn the full amount, a sizable deposit is required, but their tiered rewards system means accounts of all sizes can benefit. Keep reading for more details.
E*TRADE IRA Bonus Details
The E*TRADE $600 cash offer is open to anyone who opens and funds a new account at E*TRADE. This bonus is specifically for new customers, so if you already have an account with E*TRADE, you'll need to consider one of their other bonus programs.
To qualify for the bonus, you must make your deposits within the first 60 days of opening your account and you must open a ‘qualifying’ account (we'll cover more on these details below).
This cash offer from E*TRADE pays out higher bonus amounts for larger deposits, offering greater benefits for those able to deposit more. There are also variations of the bonus aimed at customers who may not qualify for the $3,500 bonus.
Opening a New Account at E*TRADE
There are specific accounts that qualify for the cash bonus and others that do not. Here’s how you can open an account at E*TRADE:
First, go to the account selection screen. From there, you can choose to open a single account or multiple accounts at the same time.
After selecting the type of account(s) you want, follow the instructions to complete the application form and enter your promo code to activate the bonus.
E*TRADE Bonus Tiers
The amount of cash bonus you receive depends on the size of your deposits within the first 60 days. These deposits can be cumulative; E*TRADE will total all of your deposits made during the qualifying period to determine your bonus amount.
Here's the breakdown of the E*TRADE bonus offer for each deposit tier:
Etrade Bonus | Deposit or Transfer |
$3,500 | $1,500,000+ |
$2,500 | $1,000,000 - $1,499,999 |
$1,200 | $500,000 - $999,999 |
$600 | $200,000 - $499,999 |
$300 | $100,000 - $199,999 |
$200 | $50,000 - $99,999 |
$100 | $20,000 - $49,999 |
$50 | $10,000 - $19,999 |
$0 | less than $10,000 |
Additional E*TRADE Bonus Options
The $3,500 cash offer is primarily available for new customers opening new accounts, leaving some current investors without this option. To accommodate a wider range of clients, E*TRADE has included additional offers for existing customers and those looking to open more than one account.
Both existing and new customers opening multiple accounts are subject to the same 60-day qualification period. Once completed, the bonus is credited to the qualifying account within 7 days.
ETRADE Promo for Existing Customers
Existing customers can either add funds to a current account to meet the qualifying thresholds or open a new qualifying account. In both scenarios, the maximum bonus amount is $600 per account or per deposit.
E*TRADE IRA Promo Code
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New Customers Opening Two or More Accounts
New customers who open two or more accounts simultaneously are subject to the same rules as existing customers, with each new account eligible for a maximum payout of $600 in E*TRADE bonus funds.
Etrade Bonus | Deposit or Transfer |
$600 | $200,000+ |
$300 | $100,000 - $199,999 |
$200 | $50,000 - $99,999 |
$100 | $20,000 - $49,999 |
$50 | $10,000 - $19,999 |
$0 | less than $10,000 |
E*TRADE Promo Eligible Account Types
To qualify for the cash offer, you must open one of the following types of accounts:
- E*TRADE brokerage account
- Coverdell account
- Individual 401(k)
- Roth Individual 401(k)
- Traditional IRA
- Roth IRA
- Beneficiary Traditional IRA
- Beneficiary Roth IRA
- Rollover IRA
Ineligible Account Types
While most account types at E*TRADE are eligible for the cash bonus, some are not. The following accounts are not eligible for this promotion:
- Business accounts
- SEP IRA accounts
- SIMPLE IRA accounts
- IRAs for minors
- Estate and Trust IRAs
- Profit sharing accounts
- Money purchase pension plans
- Noncustodial investment-only retirement accounts
ETRADE IRA Promo Code Terms
To earn the full bonus, you must be a new customer opening a single new account.
Deposits must consist of new money to E*TRADE. Whether you're transferring stocks and ETFs via an ACAT transfer, funding directly, or transferring a retirement account, the funds cannot come from an existing E*TRADE account.
To qualify for the main bonus, avoid opening any other E*TRADE accounts during the first 60 days of your new account. If you open multiple accounts, the multiple account bonus rules apply, and the maximum bonus per account with a qualifying deposit is $600.
The deposit used to activate the cash bonus should remain in the account for 12 months. While it's necessary to maintain the initial deposit balance for this period, trading losses won't affect the bonus.
Read detailed E*TRADE Review
E*TRADE ROTH IRA Promo Code
Open Etrade Account
Updated on 10/1/2024.
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