E*TRADE is Offering a Sweet $100 Cash Bonus on New Accounts

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Please Note: That the E*TRADE limited time offer is no longer available.

If you’ve considered dabbling in investments but haven’t taken the leap, E*TRADE is rolling out a new cash back promo that may entice you to open an account. For the next couple of months, E*TRADE is offering an extra $100 for customers who deposit or transfer a minimum of $5,000 into their E*TRADE accounts.

While E*TRADE regularly rolls out cash-back promotional offers, it often requires a much heftier deposit than $5,000 to qualify. But if you’re interested in taking advantage of this free promo money, you need to get moving, because E*TRADE is only offering this deal until Jan. 6, 2020.

This is just one of many offers E*TRADE has rolled out recently. Earlier this month, the electronic trading platform stepped up its game and cut commissions to $0 while removing the account minimum for brokerage accounts. 

And, if you’re ready and willing to invest a little more than $5,000, E*TRADE is offering another cash-back promo that you may want to take advantage of. This offer is only valid through the end of 2019, but it could help you rake in up to $2,500. 

Here’s the deal: If you open a non-retirement brokerage account by Dec. 31, 2019 and fund it with new funds or securities from an outside account within 60 days, you’re eligible for a cash bonus of between $200 and $2,500. There are several tiers of qualifying deposits and cash bonuses, which range from:

  • a $200 cash bonus for depositing or transferring between $25,000 and $99,999
  • a $300 cash bonus for depositing or transferring between $100,000 and $249,999
  • a $600 for depositing or transferring between $250,000 and $499,999
  • a $1,200 for depositing or transferring between $500,000 and $999,999
  • a $2,500 for depositing or transferring $1 million or more

There are a couple of caveats, though. To receive the cash bonus, you have to fund your account with money or securities from an outside account — so you can’t take advantage of this offer by moving the funds you already have sitting in your E*TRADE account. The other caveat is that you have to keep your new account open for at least six months or you’ll lose your cash bonus.  On the upside, E*TRADE will make your bonus funds available to you within seven days of funding your account.

Angelica Leicht is a writer and editor who specializes in everything mortgage-related for The Simple Dollar. Her work has spanned topics that include lending product reviews, interest rate trends, racial biases in mortgage lending and the role of fintech in lending practices, and has appeared in publications such as Interest, Bankrate, The Spruce, Houston Press and VeryWell, among others.

The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved, or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

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