E-Trade building
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Brokerages are aggressively competing for your money. One way they do this is by offering competitive bonuses to add to your brokerage account.

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

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 these offers.

Continue reading to check out Bankrate’s top brokerage account bonuses in 2019.

Best brokerage account bonuses in October

  • Ally Invest: $50 to $3,500
  • E-Trade: $200 to $2,500
  • Merrill Edge: $100 to $600
  • TD Ameritrade: $100 to $600
  • Charles Schwab: $100 to $500 (personally referred friend offer)

Ally Invest: $50, $200, $300, $600, $1,200, $2,500 or $3,500 bonus

New Ally Invest clients can earn up to a $3,500 cash bonus if they open a new account by Dec. 31. The qualifying deposit must contain funds from outside of Ally Financial.

A person can only get the offer on one new Ally Invest Securities LLC 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 $50 bonus, deposit or transfer $10,000-$24,999.
  • To receive the $200 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 $2,500 bonus, deposit or transfer $1 million -$1,999,999.
  • To receive the $3,500 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your bonus, both the cash bonus and your qualifying deposit (minus any trading losses that are incurred) can’t be withdrawn for 300 days.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: $200, $300, $600, $1,200 or $2,500 bonus

You can earn a cash bonus if you open a non-retirement brokerage account by Dec. 31, 2019 and fund it with $25,000 or more within 60 days of account opening.

To receive a cash bonus, you must:

  • You need to 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 six months to keep the cash bonus.

Here are the cash bonus tiers for this offer:

  • To receive a $200, deposit or transfer $25,000-$99,999.
  • To receive a $300, deposit or transfer $100,000-$249,999.
  • To receive a $600, deposit or transfer $250,000-$499,999.
  • To receive a $1,200, deposit or transfer $500,000-$999,999.
  • To receive a $2,500, deposit or transfer $1 million or more.

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

Merrill Edge: $100, $150, $250 or $600 bonus

When you open a Merrill Edge IRA or Cash Management Account  and make a qualifying deposit within 45 days of opening you can earn up to a $600 bonus. You need to use offer code 600ME during the account opening. This can be done while applying online or by using it when speaking to a Merrill Edge Financial Solutions Advisor on the phone or at select Bank of America financial centers.

To receive a cash reward, you must:

  • Enroll for the offer at the time of account opening.
  • Deposit at least $20,000 into your Merrill Edge account within 45 days of opening the account.
  • Maintain that balance for at least 90 days.

The offer limits you to one IRA — rollover, traditional, Roth and sole-proprietor SEP only — and one CMA. Each account holder can’t have more than two enrolled accounts.

Assets from Bank of America, Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S), U.S. Trust, or 401(k) accounts administered (MLPF&S) aren’t qualifying net new assets.

You’ll receive your cash reward two weeks after the initial 90-day period, assuming you meet eligibility requirements.

Business/corporate accounts, investment club accounts, partnership accounts and certain types of fiduciary account held at Merrill Edge aren’t eligible for this offer. The offer also doesn’t apply to accounts, which include IRAs or CMAs, held with other business units of MLPF&S.

Here are the bonus tiers:

  • To receive the $100 cash reward, $20,000 to $49,999.99 needs to be the Qualifying Net New Asset Balance.
  • To receive the $150 cash reward, $50,000 to $99,999.99 needs to be the Qualifying Net New Asset Balance.
  • To receive the $250 cash reward, $100,000 to $199,999.99 needs to be the Qualifying Net New Asset Balance.
  • To receive the $600 cash reward, $200,000 or more needs to be the Qualifying Net New Asset Balance.

Read Bankrate’s Merrill Edge review to learn more.

TD Ameritrade: $100, $300, $600, $1,200 or $2,500 bonus

If you open one new individual, joint or individual retirement account (IRA) TD Ameritrade account by Jan. 31, 2020, you can earn up to a $600 bonus.

To receive a bonus, you must:

  • Fund the new account with a qualifying deposit of $25,000 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. TD Ameritrade may charge the account for the offer amount if this is done.

Here are the bonus tiers for this offer:

  • To receive a $100 bonus, deposit $25,000-$99,999.
  • To receive a $300 bonus, deposit $100,000-$249,999.
  • To receive a $600 bonus, deposit $250,000 or more.

Read Bankrate’s TD Ameritrade review to learn more.

Charles Schwab: $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.
  • You need to 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 and Schwab Private Client.

You’ll receive your bonus approximately a week after the 45-day period ends if you made a qualifying deposit within 45 days of both 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.

Read Bankrate’s Charles Schwab review to learn more.

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