Payouts have increased again! E*Trade is now offering new investors up to $6,000 in bonus cash when you open and fund a new investing account. You'll need at least $5,000 to earn the first tier bonus ($125). The lowest tier deposit amount has remained the same, but the bonus amount has more than doubled.
All the other tiers have increased significantly, but again, the payouts are higher. If you're wanting to earn the full $6,000, you need a cool $2M in investable assets.
This offer is available to both new and existing customers; however, different rules may apply, so be sure to check the disclosures at the link below. One big thing to note is that the new funds must remain with E*TRADE for 12 months otherwise you'll forfeit the bonus.
How To Earn The Bonus
The E*TRADE Bank Brokerage Account promotion requires you to deposit and maintain a minimum balance in order to earn the up to $6000 bonus.
Full requirements to receive this bonus are:
- Open a new eligible E*TRADE brokerage or retirement account using the link below.
- During the first 60 days, fund your new account with new money as follows: $5,000-$24,999 earn $125; $25,000-$99,999 earn $250; $100,000-$199,999 earn $625; $200,000-$499,999 earn $1,000; $500,000-$999,999 earn $2,000; $1,000,000-$1,999,999 earn $4,500; $2,000,000 or more will earn $6,000.
- If you deposit $500,000-$999,999, you will receive a cash credit within seven business days.
- If you have deposited at least $500,000 in your account, and you make subsequent deposits in that account to reach a higher tier, you will receive a second cash credit following the close of the 60-day window.
The fine print
- If you deposit $500,000-$999,999, you will receive a cash credit within seven business days. If you have deposited at least $500,000 in your account, and you make subsequent deposits in that account to reach a higher tier, you will receive a second cash credit following the close of the 60-day window.
- For example, if you deposit $600,000, you will receive a cash credit of $2,000 within seven business days, then if you deposit another $500,000 you will receive an additional cash credit of $2,500 at the end of the 60-day window for a total reward of $4,500.
- Also, if you deposit $1,000,000 or more you will receive your cash credit in two transactions at the end of the 60-day window—depending on your initial funding amount.
- So, for example, if you deposit $1,000,000 when you enroll, you will receive two cash credits that will total $4,500 at the end of the 60-day window from enrollment.
- Cash credits will be paid to the account(s) where the deposits have been made.
- New funds or securities must be deposited or transferred within 60 days of enrollment in offer, be from accounts outside of E*TRADE, and remain in the account (minus any trading losses) for a minimum of twelve months or the cash credit(s) may be surrendered.
How does this investment offer from E*TRADE Bank compare?
To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:
J.P. Morgan
Self-Directed Investing
- Bonus
- up to $700
- Account Type
- Investment
- Expires In
- 10 days
- Requires
- Min Balance
Why E*TRADE Bank?
Brokerage Account
Fees
Brokerage Account does not charge a monthly fee.