Update 3/7/21: Deal has been extended until June 30, 2021.
The Offer
- Get a bonus of up to $2,500 open a new TD Ameritrade account. Bonuses are tiered as follows:
- $2,500 bonus when you open a new account with $2,000,000+
- $1,500 bonus when you open a new account with $1,000,000+
- $700 bonus when you open a new account with $500,000
- $350 bonus when you open a new account with $250,000
The Fine Print
- Offer valid for one new Individual, Joint, or IRA TD Ameritrade account opened by 12/31/2020 and funded within 60 calendar days of account opening.
- To receive $350 bonus, account must be funded with $250,000- $499,999. To receive $700 bonus, account must be funded with $500,000- $999,999. To receive $1,500 bonus, account must be funded with $1,000,000-$1,999,999. To receive $2,500 bonus, account must be funded with $2,000,000 or more.
- Offer is not valid on tax-exempt trusts, 401(k) accounts, Keogh plans, profit sharing plans, money purchase plans, accounts managed by TD Ameritrade Investment Management, LLC, TD Ameritrade Institutional accounts, or current TD Ameritrade accounts.
- Offer is not transferable, is not valid with internal transfers, and is not valid in conjunction with certain other offers.
- Limit one offer per client.
- Account value of the qualifying account must remain equal to, or greater than, the value after the net deposit was made (minus any losses due to trading or market volatility or Emargin debit balances) for 12 months, or TD Ameritrade may charge the account for the cost of the offer at its sole discretion. TD Ameritrade reserves the right to restrict or revoke this offer at any time. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business.
- Please allow 3-5 business days for any cash deposits to post to account. (Offer Code: EN2500)
Our Verdict
TD Ameritrade has removed commission on stocks ETFs and options like most other brokerages. You need to retain the balance for at least 12 months (minus any losses/gains). We recently saw a bonus of up to $1,000. That only require a deposit of $250,000, whereas with this new promotion that same bonus would only net you $350. There are much better brokerage bonuses out there so I’d recommend sticking to one of those until this offer improves again.
Hat tip to reader lilurbanachiever
i don’t see eligibility for existing TD account holders. so, i would assume it would work for current TD customers. can someone please confirm? thanks.
New TDA offer code: NC1000
https://www.tdameritrade.com/client/referral/index.html
The 100K -> $500 tier matches the Schwab bonus now. Also 50k -> $300 is pretty generous.
Thanks, we’ll have a post tomorrow
Not about the bonus, but this might be of interest to those who have a TD Ameritrade account: https://www.tdameritrade.com/why-td-ameritrade/satisfaction-guarantee.html
Will not receive anything if you EVER got anything from it or predecessors going back to Waterhouse years ago. Scottrade especially.
This is the worse version of the one that has a referral attached to it. You can get referrals off Twitter by searching for ameritrade bonus, since referrals aren’t allowed here.
The referral bonus does indeed look preferable — but it looks like one doesn’t need to use a referral link. TDA1000 offer code does the trick.
Full details here:
https://www.tdameritrade.com/client/referafriend/index.html
Tiers:
To receive $150 bonus, account must be funded with $50,000-$99,999. To receive $300 bonus, account must be opened with $100,000-$249,999. To receive $600 bonus, account must be funded with $250,000-$499,999. To receive $1,000 bonus, account must be funded with $500,000 or more.
Maybe
William Charles should update the post to reflect these more lucrative bonus levels instead
Schwabs offers aren’t amazing but they do offer matches if you call them. Just had them match the Chase 2000$ brokerage bonus for bringing in 250,000 for a family member. Just moved his IRA and some cash. Worth trying if you want to go to Schwab instead.
Other brokerages might also match an offer if you find the link as proof. Worth calling around.
TD offering 350 for 250,000 is quite horrible in comparison.
How do you initiate a match? How long do they have to hold with Schwab?
does it work for existing schwab account holders?
Merrill probably has the best deposit requirement to bonus ratio with a $1000 for $200K. The rest of these other bonuses require a ridiculous amount of money.
. . . “when you open a new account with $2,000,000”. For sho’, Ima jump right on that, soon as I’m done claiming my “$5 off a purchase of $30 in gift cards” at Kroger.
Sorry you’re not rich
Looks like the bonus is renewed through June 30, 2021.
The TD payouts are a fair bit lower than others, though bonuses are getting more scarce.
Remember that if the Schwab/TD merger completes (and there’s no reason to doubt it wouldn’t) TD is off the table for bonuses. Unfortunately I’m already in the process of qualifying for the Merrill $900 on $200k bonus and don’t have added funds to do this one. Another pro point on this is that it includes IRAs, so if one has a 401k rollover, they could drop it in this one.