Best brokerage account bonuses in June 2021

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Brokerages are aggressively competing for your money. One way they do so is by offering competitive bonuses that you can add right to your brokerage account. It’s important to know the best offers so that you can decide whether it’s a good time to open a brokerage account and take advantage of what is often risk-free cash.

Here Bankrate tracks the best brokerage account bonuses to help you compare active offers.

Best brokerage account bonuses in June 2021

  • Charles Schwab: $100 to $500 (personally referred friend offer)
  • TD Ameritrade: $350 to $2,500
  • Ally Invest: $100 to $3,000
  • E-Trade: $50 to $3,000
  • M1 Finance: $250 to $2,500

Charles Schwab: $100, $300 or $500 (if you’re referred by a friend)

Schwab is offering personally referred friends the opportunity to earn up to $500 when they use a referral code, given to you by a current Schwab customer, and open an eligible account at Schwab.

To receive the bonus award, you must:

  • Receive a referral code from a friend or family member.
  • Be a new Schwab client and make a qualifying net deposit within 45 days of both becoming a Schwab customer and opening an eligible retail brokerage account.

You’re limited to one per account and only one account per client when you receive a referral.

Schwab retail brokerage accounts and IRAs are eligible for this offer. This includes accounts that are enrolled in Schwab-sponsored investment advisory programs, such as Schwab Intelligent Portfolios, Schwab Managed Portfolios, Schwab Managed Account Select and Connection, as well as Schwab Private Client.

You’ll receive your bonus approximately a week or two after the 45-day period ends if you made a qualifying deposit when becoming a new Schwab customer and enrolling in the referral offer.

Schwab may charge back its bonus award if taxable accounts aren’t kept at Schwab for at least one year.

Here are the bonus tiers for this offer:

  • To receive a $100 bonus, deposit $25,000-$49,999.
  • To receive a $300 bonus, deposit $50,000-$99,999.
  • To receive a $500 bonus, deposit $100,000 or more.

Read Bankrate’s Charles Schwab review to learn more.

TD Ameritrade: $350, $700, $1,500 or $2,500 bonus

If you open a new individual, joint or IRA TD Ameritrade account, you can earn up to a $2,500 bonus. This offer is available through June 30, 2021.

To receive a bonus, you must:

  • Fund the new account with a qualifying deposit of $250,000 or more within 60 calendar days of account opening.

Note: The offer isn’t valid with internal transfers, for TD Ameritrade Institutional accounts or an account managed by TD Ameritrade Investment Management, LLC. It’s also not valid for current TD Ameritrade accounts and you can’t use other offers.

There is a limit of one offer per client. Your account value must remain at least equal to its value after the net deposit was made for 12 months – minus any losses due to trading or market volatility or margin debit balances. Otherwise, TD Ameritrade may charge the account for the offer amount.

(Charles Schwab has purchased TD Ameritrade, and will eventually integrate the two companies.)

Here are the bonus tiers for this offer:

  • To receive a $350 bonus, deposit $250,000-$499,999.
  • To receive a $700 bonus, deposit $500,000-$999,999.
  • To receive a $1,500 bonus, deposit $1,000,000-$1,999,999.
  • To receive a $2,500 bonus, deposit $2,000,000 or more.

Read Bankrate’s TD Ameritrade review to learn more.

Ally Invest: $100, $250, $300, $600, $1,200, $2,000 or $3,000 bonus

New Ally Invest clients can earn up to a $3,000 cash bonus if they open a new account by Sept. 30, 2021. The qualifying deposit must contain funds from outside of Ally Financial, and a person can only get the offer on one new Ally Invest Securities LLC account. As an extra incentive, Ally will credit your transfer fees from another brokerage, up to $150 as long as you bring at least $2,500 over to the new account.

Ally Invest checks your deposit 60 days after your account is opened to determine the total qualifying deposit. You’ll receive your cash bonus within 10 business days after this review.

To receive a cash bonus, you must:

  • Deposit at least $10,000 in a new Ally Invest account.
  • Be a U.S. resident.
  • Not be an existing Ally Invest account holder or a former Ally Invest account holder (which includes former TradeKing Securities LLC account holders). You’re not eligible to receive the cash bonus if you closed one of these Ally Invest accounts within the past 90 days.

You must use the “Open Account” button associated with this offer on Ally Invest’s site for opening your account to be eligible for this offer.

Here are the bonus tiers for this offer: 

  • To receive the $100 bonus, deposit or transfer $10,000-$24,999.
  • To receive the $250 bonus, deposit or transfer $25,000-$99,999.
  • To receive the $300 bonus, deposit or transfer $100,000-$249.999.
  • To receive the $600 bonus, deposit or transfer $250,000-$499,999.
  • To receive the $1,200 bonus, deposit or transfer $500,000-$999,999.
  • To receive the $2,000 bonus, deposit or transfer $1 million -$1,999,999.
  • To receive the $3,000 bonus, deposit or transfer $2 million or more.

Once you receive your bonus, both the cash bonus and your qualifying deposit (minus any trading losses that are incurred) can’t be withdrawn for 300 days. A withdrawal may cause Ally Invest to revoke your bonus.

Read Bankrate’s Ally Invest review to learn more.

E-Trade: $50, $100, $200, $300, $600, $1,200, $2,500 or $3,000 bonus

You can earn a cash bonus if you open a retirement or brokerage account and fund it with $10,000 or more within 60 days of account opening. Your account must be opened by June 30, 2021.

To receive a cash bonus, you must:

  • Use promo code BONUS21 when opening the account.
  • Open your new account with funds or securities from accounts outside of E-Trade. You need to also keep the new account (minus any trading losses) for at least 12 months to keep the cash bonus.

Here are the cash bonus tiers for this offer:

  • To receive a $50 bonus, deposit or transfer $10,000-$19,999.
  • To receive a $100 bonus, deposit or transfer $20,000-$24,999.
  • To receive a $200 bonus, deposit or transfer $25,000-$99,999.
  • To receive a $300 bonus, deposit or transfer $100,000-$199,999.
  • To receive a $600 bonus, deposit or transfer $200,000-$499,999.
  • To receive a $1,200 bonus, deposit or transfer $500,000-$999,999.
  • To receive a $2,500 bonus, deposit or transfer $1 million-$1.49 million..
  • To receive a $3,000 bonus, deposit or transfer $1.5 million or more.

Read Bankrate’s E-Trade review to learn more.

M1 Finance: $250, $500, $1,000 or $2,500 bonus

You can earn a cash bonus at M1 Finance if you open a retirement account or taxable brokerage account. Your account must be funded by Dec. 31, 2021.

To receive the bonus award, you must:

  • Make a direct transfer of at least $100,000 from your broker to M1 via the ACATS transfer system.
  • Open your new account with funds or securities from accounts outside of M1.
  • Make a qualifying transfer within 60 days of opening an eligible retail brokerage account.
  • Have an individual or joint taxable account to receive the bonus payment.

This offer is not valid for money deposited from an ACH bank account transfer, wire transfers or direct 401(k) rollovers. Cryptocurrency is not eligible for ACATS, and any securities not supported by M1 will be liquidated.

The bonus will be paid approximately 90 days after the qualifying transfer is completed. To keep the bonus cash, you’ll need to maintain the new account balance (minus any trading losses) for at least 60 days.

Here are the bonus tiers for this offer:

  • To receive a $250 bonus, deposit $100,000-$249,999.
  • To receive a $500 bonus, deposit $250,000-$499,999.
  • To receive a $1,000 bonus, deposit $500,000-$999,999.
  • To receive a $2,500 bonus, deposit $1 million or more.

Learn more:

Written by
James Royal
Senior investing and wealth management reporter
Bankrate senior reporter James F. Royal, Ph.D., covers investing and wealth management. His work has been cited by CNBC, the Washington Post, The New York Times and more.
Edited by
Senior wealth editor
Reviewed by
Bankrate Financial Review Board