[Expired] Chase You Invest $200 Bonus with $25,000 Investment Account

There is now a bonus for $200-$625.

The Offer

Direct Link to offer

Chase launched their You Invest investment product which offers free trades to some customers, plus some other benefits. They now released a special signup offer:

• Get $200 when you open a new Chase You Invest account and fund it with $25,000+ in new money.

The Fine Print

• Cash promotion is limited to one per customer and can only be applied to one new You Invest Brokerage, Traditional IRA, or Roth IRA accounts.

• To enroll in the $200 offer, you must open an account through this page.

• Offer not available to J.P. Morgan Securities line of business and J.P. Morgan Private Bank customers.

•  To receive the $200 bonus: 1) Customers must open and fund a new You Invest Trade account with new money of $25,000 or more in cash or securities from a non-Chase or non-J.P. Morgan account; 2) New money must be transferred within 45 days of account opening; and 3) the account must maintain at least a $25,000 balance for at least 90 days from the date of funding (losses due to market fluctuation will not be taken into account).

• Cash bonus will be credited to the account within 10 business days of these requirements being met.

• You can participate in only one You Invest, Chase Private Client Checking, or Sapphire Checking new money bonus in a 12 month period.

• Account types and other restrictions apply.

• Offer terms are subject to change and/or termination without advance notice.

• The value of the cash award may be considered miscellaneous income, and we may be required to send you, and file with the IRS, a Form 1099-MISC (“Miscellaneous Income”), or a Form 1042-S (“Foreign Person’s U.S. Source Income Subject to Withholding”) if applicable. You are responsible for any tax liability associated with the award. Please consult your own tax advisor if you have any questions about your personal tax situation.

Our Verdict

A dive into the fine print indicates that Chase limits us to “only one You Invest, Chase Private Client Checking, or Sapphire Checking new money bonus in a 12 month period”, so apparently the You Invest bonus will negate the possibility of getting a Sapphire checking bonus, but it will NOT negate the possibility of getting a regular Chase checking or savings bonus.

• Technically, you can do this bonus even without any risky investments: simply open a new You Invest account, fund it with $25,000, and leave it there for 90 days in the general account without investing it in any specific stock or fund. That said, $200 bonus for $25,000 outlay (90 days) may not be worth it. At best, you’ll land up with just over a 3% interest rate over the course of the 90 days, which is pretty good, but may not be worth the effort if you’re earning 2%+ in other accounts. ]
• A much better option is to move your liquid funds to the You Invest account and put it in a money market fund like VMMXX or VUSXX which has been yielding 2%+ return. It’s not quite like a FDIC insured account, but overall it’s considered very safe.
• This deal will also be interesting for someone actually interested in the You Invest product, e.g. if you want to take advantage of their 100 free trades for the first year, or – more likely – if you use Chase as your regular bank and want to use them for investments (plus, Chase Premier, Sapphire, and Private clients get free trades as a continuous benefit).
• Reader Ben points out that the Sapphire Banking offer does not allow IRA funds to count to the funding amount while this You Invest offer does allow that. So if you don’t have non-IRA funds to move over and thus can’t get the Sapphire bonus, this You Invest bonus can really be cost free by simply transferring over IRA funds (I’ve never actually transferred an IRA, personally, but I assume it’s not difficult). Another reader points out that there are often fees for transferring an IRA, check with your original institution and with Chase to find out if there are fees to transfer in or out.

Worth noting that many brokerages offer similar bonuses, often even higher bonuses, so it’s not a unique proposition, but something new to Chase, a large bank which many people have a banking relationship.

RELATED: PSA: Don’t Use ACH-Pull for Chase Bank Account Openings, Avoid Account Lockup

Thanks to reader Kelvin for sharing this offer