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Nis pat
Nis pat (@guest_2024073)
March 16, 2025 13:50

Seems like you can withdraw at 3 months Per terms

David
David (@guest_2023936)
March 16, 2025 09:30

5 years? No thanks, I’ll pass.

Dan
Dan (@guest_2023921)
March 16, 2025 09:11

Too much fine print

AndreRamirez
AndreRamirez (@guest_2023920)
March 16, 2025 09:08

5 year holding requirement is brutal. You can easily find 1-3% transfer bonuses with 1 year holding requirements with Webull, public, etc. Trading away a potential 5-15% bonus over 5 years for 2% today is sucky.

John
John (@guest_2023931)
March 16, 2025 09:22

Agree. They made this offer knowing very few would make it to the 5 year mark. Within that 5 years, they could start charging higher fees, mess around with the bonus, etc. For a 2% bonus, not worth it in my opinion.

Gerald
Gerald (@guest_2023972)
March 16, 2025 11:15

I did the 3% bonus with my and my wife’s IRAs. For me, that was a no-brainer despite the five year holding period. Bonus was paid up front directly into the IRA, so it was tax-free for Roth IRAs and tax deferred for traditional IRAs. That’s unlike the Wells Fargo $2500 bonus (which both of us had done) where the bonus went into our checking accounts and was taxable.

Since it’s paid up front and the terms are explicit regarding the holding period, I don’t see how they could “mess around with the bonus.” As for fees, it’s not likely they would charge fees beyond the mildly annoying level (as Vanguard does).

Brian
Brian (@guest_2024077)
March 16, 2025 13:53

But if you have $250k in IRAs you can do WF ($2,500) and Merrill Edge ($1,000) each once a year so that’s $17,500 (7.0%) over 5 years if you’re willing to do the churning.