ETRADE IRA Promotion

ETRADE IRA Promotion and Bonus for $3500 (2022)


2022 ETRADE IRA (ROTH, Sep, Simple, Rollover, Traditional) bonus for customers opening new brokerage IRA or non-IRA account or depositing $10,000 into an existing account.


E*TRADE Bonus To Sign Up



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E*TRADE $3,500 New Account Cash Offer


If you are looking into opening a new brokerage account, E*TRADE may well be worth consideration. The popular broker is offering an attractive cash offer, totaling as much as $3,500 per customer! To get the full amount of free cash, you will need to make a sizable deposit, but with the tiered rewards system new accounts of all sizes can also benefit. Keep reading for more details.


E*TRADE Cash Offer Details


The E*TRADE $3,500 cash offer is available to anyone opening and funding a new account at E*TRADE. The bonus is for new customers, so if you already have an account at E*TRADE you will need to look at one of the other bonus programs on offer.

Deposits must be made within the first 60 days of the account to trigger the bonus cash, and you must open a ‘qualifying’ account (more on these details further along).

This particular cash offer from E*TRADE will pay higher bonus amounts for higher deposits, benefiting those with larger accounts a bit more. There are also a few variations of the bonus that are designed to benefit customers who do not ‘qualify’ for the $3,500 bonus.


Etrade IRA Promotion


Opening a New Account at E*TRADE


As mentioned, there are some accounts that you can open that qualify for the cash bonus and some that do not. In any case, it is important to know how to open an account at E*TRADE.

First, navigate to the account selection screen. You can find it here (nice place for a link). From the account selection screen, you can choose to open a single account or multiple at the same time.


ETRADE Account Opening Options


Once you have selected the account types that you want, follow the instructions to fill out the application form and enter your promo code to activate the bonus.


E*TRADE Cash Bonus Tiers


The cash bonus is given out in increasing amounts depending on the size of your deposits within the first 60 days. The deposits do not have to be made all at once. E*TRADE will add all of the deposits that you make within the qualifying period to determine how big of a bonus your account has earned.

Here is the E*TRADE bonus offer breakdown for each deposit tier.

Etrade BonusDeposit or Transfer
$3,500 $1,500,000+
$2,500 $1,000,000 - $1,500,000
$1,200 $500,000 - $999,999
$600 $200,000 - $499,999
$300 $100,000 - $199,999
$200 $50,000 - $99,999
$100 $20,000 - $49,999
$50 $10,000 - $19,999
$0 less than $10,000


Additional Bonus Options


The $3,500 cash offer is available for new customers opening new accounts. That means there are some investors who are left out of this special deal. To ensure that they aren’t leaving too many out, E*TRADE decided to add in a few additional offers for existing customers and for investors looking to open more than one account.

For both existing customers and new customers opening multiple accounts, the same 60-day qualification period applies. Once the 60-period completes, the bonus is credited to the account that triggered it within 7 days.


Existing Customers


Existing customers can either fund a current account with a qualifying amount or open a new account. In both cases, the max payout of bonus cash is set to $600 per account, or per deposit.


E*TRADE IRA Promotion



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New Customers Opening Two or More Accounts


New customers opening two or more accounts at the same time are subject to the same rules as existing customers. Each new account can receive a max payout of $600 in E*TRADE bonus funds.

Etrade BonusDeposit or Transfer
$600 $200,000+
$300 $100,000 - $199,999
$200 $50,000 - $99,999
$100 $20,000 - $49,999
$50 $10,000 - $19,999
$0 less than $10,000


E*TRADE Promo Eligible Account Types


To take advantage of the cash offer discussed in this article, you will need to open one of the following account types:

  • E*TRADE brokerage account
  • Coverdell account
  • Individual 401(k)
  • Roth Individual 401(k)
  • Traditional IRA
  • Roth IRA
  • Beneficiary Traditional IRA
  • Beneficiary Roth IRA
  • Rollover IRA


Ineligible Account Types


While most account types at E*TRADE are eligible for the cash bonus, there are a few that are not.

Business accounts, SEP IRA accounts, SIMPLE IRA accounts, IRAs for minors, Estate and Trust IRAs, profit sharing accounts, money purchase pension plans, and noncustodial investment only retirement accounts, are not eligible for this promotion.


ETRADE IRA Promo Terms


To receive the complete bonus, you must be a new customer opening one new account.

Deposits must be new money to E*TRADE. Whether you are transferring stocks and ETFs via an ACAT transfer, funding directly, or transferring a retirement account, the funds cannot originate from an account associated with E*TRADE.

To qualify for the main bonus, you must not open any other E*TRADE accounts within the qualifying phase (first 60 days of the new account). If you do, the multiple account bonus rules kick in and the max payout would be $600 per account with a qualifying deposit in each.

The deposit used to trigger the cash bonus should remain in the account for 12 months.

While it is necessary to hold the initial deposit balance in the account for 12 months, losses from trading and investments will not have a negative impact on the bonus.


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Some Key E*TRADE Benefits


There are many benefits to investing with E*TRADE. Here are some notable highlights.

Account types are well suited to investors of virtually every type. There are brokerage accounts for general investing and trading, retirement plans, managed portfolio solutions, business account options, and cash management (checking account) options.

As far as investible securities are concerned, E*TRADE offers everything that you would expect from a major broker. Stocks, ETFs, options, mutual funds, bonds, CDs, IPOs, and futures are all available.

Multiple trading platforms, including two different mobile apps, also make investing accessible to virtually everyone and everywhere.

Add to that the low fee schedule and zero-commission pricing for stocks and ETFs, and you can see why so many investors choose E*TRADE.


Updated on 4/11/2022.