TD Ameritrade $1,000 + 300 Free Trades Promotion

Contents

1 The Offer
2 The Bonus Categories
3 The Verdict

The Offer

TD Ameritrade has upped their promotion to as much as $1,000 + 300 free trades for Individual, Joint, or IRA brokerage account that are opened with a qualifying deposit. The previous offer was mentioned here by Manasa R.

The Bonus Categories

The new promotion bonuses are as follows in the chart below:

Deposit	Bonus Received	Return on Investment*
$2,000+	90 days of free trades
$25,000+	90 days of free trades + $100	0.40%
$50,000+	90 days of free trades + $200	0.40%
$100,000+	90 days of free trades + $500	0.50%
$250,000+	90 days of free trades + $1000	0.40%

*(pre-tax guideline, shown for cash basis only, excludes FREE trade value)

It seems many of the term and conditions of this offer as the same as the previous offer:

Similarities:

Accounts must be opened by 4/30/2015 for offer eligibility.
Limit one offer per customer.
Offer is not transferable and not valid with internal transfers, accounts using the Amerivest service, TD Ameritrade Institutional accounts, current TD Ameritrade accounts, or with other offers.
You must maintain an account value equal to or greater than the value after the net deposit was made (minus losses due to trading) for 12 months, or TD Ameritrade may charge the account for the cost of the offer at its discretion.
You are responsible for any taxes resulting from this bonus.
You should allow 3-5 business days for any cash deposits to post to account.

Except for a few differences:

This bonus does have a limit of 300 free trades within 90 days, while the previous offer has a limit of 500 free trades within 60 days.
They also added an intermediate bonus tier for the $50k+ deposits.

The Verdict

It is nice to see that TD Ameritrade is improving their promotion by adding more bonus tiers and a higher overall payout for larger deposits. The added time to take advantage of the free trades is a bonus (from 60 to 90 days). While they did decrease the amount of free trades that can be done (down to 300 free trades from 500) there are few reasons one could think of for making that many trades in an account over a 60 day period without qualifying as a daytrader. I think this is a good bonus if you are looking to open an Individual, Joint, or IRA brokerage account and have enough capital to meet one of the tiered bonuses. Otherwise there may be other promotions that would better suit your needs such as Capital One ShareBuilder. DoC covers all of the current brokerage account bonuses that can be found here.

This was a fairly good promotion when previously mention on DoC and has only gotten better IMHO. The deadline for this promotion is April 30, 2015.