E*Trade: Up To $3,500 Brokerage Bonus ($25,000-$1,000,000 Required)

Update 11/29/20: Deal has been improved for existing users. Tiers are now as follows:

• $3,500 bonus when you open a new account with $1,000,000+
• $1,800 bonus when you open a new account with $500,000-$999,999
• $1,000 bonus when you open a new account with $200,000-$499,999
• $500 bonus when you open a new account with $100,000-$199,999
• $200 bonus when you open a new account with $25,000-$99,999
• $150 bonus when you open a new account with $20,000-$24,999
• $100 bonus when you open a new account with $5,000-$24,999

Update 4/6/20: Deal has been improved. Tiers are now:

• $3,000 bonus when you open a new account with $1,000,000+
• $1,200 bonus when you open a new account with $500,000-$999,999
• $600 bonus when you open a new account with $250,000-$499,999
• $300 bonus when you open a new account with $100,000-$249,999
• $200 bonus when you open a new account with $25,000-$99,999
• $100 bonus when you open a new account with $5,000-$24,999

Hat tip to reader Offbyone

Update 3/5/2020: Extended until 4/30/2020

Update 1/8/2020: Deal has been extended until 03/02/2020.

Update 1/3/2020: Funds must remain in the account for 12 months instead of only 6 months. Hat tip to reader TC

Update 12/30/19: Deal has been extended until January 6th, 2020.

Update 12/4/19: There is also a bonus for existing customers that is a better deal:

• $5,000 bonus when you transfer in $2,000,000+
• $2,500 bonus with $1,000,000 – $1,999,999
• $1,500 bonus  with $500,000-$999,999
• $1,000 bonus  with $250,000-$499,999
• $500 bonus with $100,000-$249,999

Update 11/15/19: They have added a new $100 bonus that requires a deposit of $5,000+. Hat tip to XenaWP

The Offer

Direct link to offer

• E*Trade is offering a bonus of up to $2,500 when you open up a new E*Trade. Bonus is tiered depending on how much you deposit in cash or securities within 60 days of account opening.
  • $2,500 bonus when you open a new account with $1,000,000+
  • $1,200 bonus when you open a new account with $500,000-$999,999
  • $600 bonus when you open a new account with $250,000-$499,999
  • $300 bonus when you open a new account with $100,000-$249,999
  • $200 bonus when you open a new account with $25,000-$99,999
  • $100 bonus when you open a new account with $5,000-$24,999

 

The Fine Print

• Offer valid for one new E*TRADE Securities non-retirement brokerage account opened by 12/31/2019 and funded within 60 days of account opening with $10,000 or more
• 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 six months or the cash credit may be surrendered. Multiple deposits made to eligible accounts will be aggregated and will receive a credit on a pro-rata basis once the new account has been funded with at least $10,000
• Excludes current E*TRADE Financial Corporation associates, non-U.S. residents, and any jurisdiction where this offer is not valid. You must be the original recipient of this offer to enroll. This offer is not valid for E*TRADE Securities retirement, E*TRADE Futures, E*TRADE Bank, or E*TRADE Savings Bank accounts. One promotion per customer. E*TRADE Securities reserves the right to terminate this offer at any time.

Our Verdict

Funds need to stay in the account for a minimum of six months and must be maintained (minus any loses). Brokerage bonuses aren’t massive on a percentage basis, but it’s still extra money just for moving funds/securities around. I’ve previously thought it wasn’t worth the effort involved, but readers that do these sorts of bonuses frequently are slowly changing my mind on that. Because of that I will be creating a best brokerage bonus page soon, if you know of any brokerage bonuses we haven’t already covered then let us know in the comments below.

Hat tip to reader NYC