E*Trade: Up To $6,000 Brokerage Bonus ($1k-$2M Required)

Update 2/5/25: Extended to 7/31/25. Offer code is OFFER25

Update 10/2/24: Tiers have changed a bit, updated below. Offer now valid through 1/31/25 with promo code OFFER24. (There’s another link for Morgan Stanley clients with better tiers and higher tiers.)

The Offer

Direct link to offer | Better link

  • E*Trade is offering a bonus of up to $6,000 for E*Trade customers when you apply the promo code during signup. Bonus is tiered depending on how much you deposit in cash or securities within 60 days of enrollment.
    • $1,000+ will receive $50;
    • $5,000-$19,999 will receive $150;
    • $20,000-$99,999 will receive $200;
    • $100,000-$199,999 will receive $600;
    • $200,000-$499,999 will receive $800;
    • $500,000+ will receive $1,000;
    • $1M+ will receive $3,000;
    • $1.5M+ will receive $5,000;
    • 2M+ will receive $6,000

The Fine Print

  • If you deposit $250,000-$499,999, you will receive a cash credit within seven business days
  • . If you have deposited at least $250,000 in the new 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 $300,000, you will receive a cash credit of $1000 within seven business days, then if you deposit another $200,000 you will receive an additional cash credit of $500 at the end of the 60-day window for a total reward of $1,500
  • If you deposit $1,000,000 or more, you will receive a cash credit within seven business days.
  • All other reward tiers ($5,000-$24,999; $25,000-$99,999; $100,000-$199,999; $200,000 – $249,999; $500,000-$999,999) will be paid following the expiration of the 60-day period.
  • In addition, if you deposit $500,000 or more into your new account, deposits made in eligible linked accounts during the 60 day period will be aggregated for purposes of the reward and the credits will be paid pro-rata to all accounts where deposits were made during the 60-day period. For example, if you have deposited $500,000 in your new account during the 60 day period, and during the same period you deposited $100,000 into another eligible account you have linked to the new account you will receive $1,250 in your new account and $250 into the other eligible account.
  • Account holders must maintain the funds (minus any trading losses) for at least six months one year or credit may be surrendered.

Our Verdict

This is better than standard new user deal and the same as the existing user deal. Definitely one of the best brokerage bonuses that is currently available. Do not share your referrals in the comments below, instead you can share them on this linked page.

Update History:

  • Update 6/1/24: Tiers have been improved.
  • Update 5/6/24:  Added the two higher tiers of $2,500 and $4,000 bonus
  • Update: Terms state ‘You must be the original recipient of this offer to enroll.’ but not marking this as targeted as it’s advertised on the homepage.
  • Update 4/4/24: They made the low-end tiers better now, both of these will be interested to some people: $50 deposit gets $100, $1,000 deposit gets $150. Use code PROMO24. (Previously you needed $1,000 deposit to get $100.)
  • Update 1/7/24: Deal is back, all of the tiers are much worse than before.
  • Update 11/10/23: Bonus is back with code PROMO23, but at lower amounts. Max bonus is $3,500 now. See the tiers at this link.
  • Update 5/12/23: Bonuses increased significantly, updated below. (The $5k tier is gone, removed below.) Valid through June 30, 2023. This bonus is for existing E*Trade customers.
  • Update 6/9/22: There’s also a $5,000 bonus tier with $2,000,000 deposited at this link. This one is for existing customers only. (ht Dave R)
  • Update 1/7/22: New deal valid until 12/31/22.
  • Update 8/3/21: There is a new deal, up to $4,000 for existing customers and $3,500 for new customers. Bonuses for existing customers are slightly lower, but there is a higher $2mill+ tier for $4,000.
  • Update 2/1/21: Deal has been extended until February 28, 2021.
  • Update 6/1/20: Extended until December 31st, 2020. Bonuses have been reduced
    William Charles
  • On October 2, 2024, 15:00
Tags: brokerage bonusesetrade

View Comments (862)

  • There's another promo for existing users retirement accounts: https://us.etrade.com/promo/40000cfc-ira-012025

    Account Deposit Cash Credit
    $25,000–$99,999 $250
    $100,000–$199,999 $625
    $200,000–$499,999 $1,000
    $500,000–$999,999 $2,000
    $1,000,000–$1,999,999 $5,000
    $2,000,000–$4,999,999 $8,000
    $5,000,000–$9,999,999 $15,000
    $10,000,000–$14,999,999 $20,000
    $15,000,000–$19,999,999 $30,000
    $20,000,000+ $40,000

  • Hello everyone, I opened etrade on 08/16/2024, and the bonus posted on 08/22/2024, according to the terms, is the 6 month ends date 02/22/2024?

  • Not sure I understand this deal correctly. Because of the 6 month hold period, say I opt for the 100k $600 bonus tier. Wouldn’t it just be better ROI to keep that 100k in a 4% HYSA for the better interest I’d accumulate in those same 6 months? What about this deal specifically makes it enticing at all?

  • P1 and P2 each still have two E*Trade accounts with some funds in them. If I'm reading the terms of the new promo correctly, it should be possible to withdraw those funds PRIOR to enrolling in the current promotion without having that count against the funds you add AFTER enrolling in the promotion.

    https://us.etrade.com/promo/12500cfc-brokerage-020725

    "New funds or securities must be deposited or transferred within 50 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(s) may be surrendered. For purposes of the value of a deposit, any securities transferred will be valued as of the closing price of the securities at market on the business day the deposit is received as reflected in transaction history. Removing any deposit or cash during the promotion period (50 days) may result in lower reward amount or loss of reward."

    No mention of withdrawals prior to enrollment or the start of the promo being available.

  • P2 received an email today for a bonus of up to $12,500 with $10M deposit. I was able to log in to my account with the link to see the offer so maybe it's not targeted and is for existing customers.

    The tiers start looking better at $500k+ compared to the public offer:

    Account Deposit Receive Cash Credit
    $5,000–$9,999 $50
    $10,000–$24,999 $100
    $25,000–$99,999 $250
    $100,000–$199,999 $625
    $200,000–$499,999 $1,000
    $500,000–$999,999 $2,000
    $1,000,000–$1,999,999 $4,500
    $2,000,000–$4,999,999 $6,000
    $5,000,000–$9,999,999 $7,500
    $10,000,000+ $12,500

    Offer valid for clients with an E*TRADE brokerage, non-retirement account. Clients must enroll in this offer by 2/7/2025 and fund within 50 days with $5,000 or more.

    https://us.etrade.com/promo/12500cfc-brokerage-020725?sourceCode=S379301&em=6021&cid=em_6021_global_genome6021jan25_w2

  • Can this be churned? I opened Etrade account in February 2024, received the bonus and the account is still open.

    Can I close it now and open a new one to take advantage of the promo? Is there a waiting period between account closure and opening a new one?

      • Did I read the terms wrong? It seems the new deposit required for existing account is a lot higher than for new account?

        • as per terms and conditions: rewards under 100k will be paid under ''new account'' column, the way i take it is that it should be the same amount, the only difference i noticed between both terms is that new account bonus is paid 7 days after initial deposit, for existing costumers is after the 60 days windows passed(so i hope) i did this offer as existing client 2 weeks ago and hope to get my bonus in about 4-5 weeks from today.

  • Does anyone know rules for withdrawing money that was in account prior to bonus? I had money locked up from early 2024 offer than did the next offer later in the year before 6 mo hold of first offer was up. Would taking amount i had prior out affect later promo?

  • I'm seeing a new round through 2/7 for adding funds to existing accounts when you log in. $50 for $5k, $100 for $10k, $250 for $25k then rate goes down a bit, all the way up to $12.5k for $10M. Have 50 days after enrollment to deposit, then hold for 6 mo.

    • @guest_1073438 Does the offer show up on the first page when logging in? I logged in but didn't see it. I wonder if it was targeted.

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