Best 2014 IRA Promotions

The New Year is underway and 2013 is but a distant memory. Now is the best time for investors to add money to an existing IRA account. If you currently don’t have one, you might want to consider opening a new account to take advantage of the tax benefits. Whether you are doing a rollover IRA, or creating a new IRA account, the money can be used to supplement other retirement options. We’ve done the research and gathered up the best IRA investment promotions for you.

The contribution limit for IRA accounts in 2013 and 2014 is $5,500.
If you’re older than 50 years old, it’s $6,500.

There are many options out there, and this list is in no particular order. We’ve included traditional discount brokers, but also alternative investments. For taxable account offers, check out our lastest stock broker promotions.

Sign up for our mailing list to get the latest investment promotions.

E*TRADE IRA – Get up to $600

Get up to $600 with E*TRADE’s no annual fee and no minimum traditional IRA. Save on transaction fees by selecting one of E*TRADE’s 80 commission-free ETFs. This offer is available only to new IRA accounts, which can be a rollover IRA, traditional IRA, or Roth IRA. The deposit cannot come from an existing E*TRADE account. This promotion will expire on December 31st, 2014.

In order to receive the cash credit you must make a deposit within 45 days of opening the account.

  • Fund $250,000 or more you will receive $600
  • Fund between $100,000 and $249,999 you will receive $300
  • Fund between $25,000 and $99,999 you will receive $200

For more terms and conditions about this E*TRADE promo, visit their web site.

Motif Investing IRA $150 Promotion

Motif Investing (for more information see our review) service is somewhat unique. Choose from over 100 different portfolios, or build one on your own.

For this offer, you must transfer $5,000 or more into Motif Investing. A transfer is defined as an IRA-to-IRA transfer (a rollover does not count). The funds must remain in the account for at least 30 days to qualify. The promotion is slated to end May 31st, 2014. For other terms and conditions, please visit their web site.

OptionsHouse – IRA Promotion

This promo is available to new Roth traditional or SEP IRA, or rolling over an existing 401(k) to OptionsHouse. OptionsHouse will give you 100 commission free trades and reimburse up to $125 in transfer fees. OptionsHouse does not have any setup fees, annual fees, no maintenance fees, and no low balance fees.

Enter IRAFREE as the promo code when you create the account.

To qualify for this promotion, click on the ad banner below and enter the promo code when signing up.

TD Ameritrade IRA Promotion

Get up to $600 and trade free for 60 days. This offer is available until March 31st, 2014. To qualify, you must transfer from an existing IRA account with another brokerage. The dollar amount bonus and transfer amount is listed below, and must transfer with 60 days of opening your account.

The cash bonus is available if you deposit these amounts:

Open AccountCash Bonus
$250,000 or more$600
$100,000 – $249,999$300
$25,000 – $99,999$100

Betterment – $25 Refer-A-Friend

I was disappointed that while Betterment is a great service, their $25 signup promotion did not apply to IRA accounts. In talking with Betterment, I found out it is possible to still get the $25 bonus through a backdoor method. To qualify, you must use the refer-a-friend offer from an existing customer.

Since I am an existing customer all you need to do is click on the link below, and then deposit $500 into a new IRA account to qualify for the bonus. According to Betterment, the $25 bonus won’t be automatically applied to your IRA account. But they are happy to manually apply, once you’ve made the initial deposit of $500 or more, and send an Email to:

Lending Club IRA

Open up a no fee IRA account with Lending Club. Peer-to-peer Lending Club members have averaged 9.64% annualized returns. In my taxable Lending Club account, I’ve personally averaged over 10.50% for the past three years. Lending Club is an alternative to other fixed income investments with low annual returns. For details on the terms, click on the link below. Lending Club profits are taxed as ordinary income, and you are best to open a tax differed IRA account.

TradeKing No-Fee IRA

TradeKing low ($4.95 a stock trade) commission fees. Combined with the tax deferment of an IRA, the low commission rates is a perfect way to come out ahead with your investments. Unlike many other discount brokers, TradeKing allows some option strategies in their IRA accounts. If transferring from an existing brokerage, you can get reimbursed up to $150.

optionsXpress IRA

optionXpress, who was acquired by Charles Schwab, offers a no minimum balance IRA. You can trade any type of limited-risk options including covered calls, debit & credit spreads, and cash secured short puts trade your Roth, Traditional, Rollover, SIMPLE, or SEP IRA.

Discover Bank IRA CD

Open a Discover Bank traditional or Roth IRA CD. There’s no monthly maintenance fees and guaranteed returns via FDIC insurance. Open an account with as little as $2,500. Terms are from 3 months to 10 years with competitive CD rates.


Open a USAA IRA brokerage account. Trades are as low as $5.95. In order to qualify, you or a family member must have been an active service member in the US military.

American Bullion IRA

American Bullion offers the ability to hold precious metals in a self directed IRA account. They will help rollover your gold, silver, platinum, or palladium into an IRA account. To find out more visit their web site below or call 1-877-649-1310.

Scottrade IRA Rollover $1,000 Cash Bonus

This offer is available to existing and new Scottrade customers. You can get up to $1,000 cash bonus. The payout levels are:

  • $1,000 – If you fund more than $500,000
  • $600 – If you fund $200,000 – $499,999
  • $300 – If you fund $100,000 – $199,999
  • $100 – If you fund $50,000 – $99,999

Scottrade is looking for customers who want to consolidate with one brokerage firm. To get up to $1,000 cash, either fund your existing Scottrade account or open a new account. Scottrade will even pay your transfer-out fee if you qualify.

While the signup process is online, to get credit Scottrade also requires you call. The steps to qualify for this Scottrade bonus are as follows:

  1. Add new funds to your IRA account.
  2. Call your local Scottrade team and let them know you funded your account.
  3. Get an Email confirmation.
  4. Hurry because this promotion ends April 15th, 2014.


  1. says

    I always like to look for promotions when I’m going to be opening an account or making a purchase anyways. Gotta love the credit card bonuses too, made over 3k in the past year tax-free! Keep it coming!

  2. says

    These are great payouts in today’s environment… I remember pre-2008 you could get $300-$500 in gas cards for moving just $10k into most of these online brokerage accounts!

    Nice coverage though! Always check for cash bonuses before moving a major sum of dough over to any new bank – whether it be an IRA, checking or savings account.

    PS. Charles Schwab also has the same $100 – $600 IRA bonus available that TD, Etrade and Optionhouse have.

  3. CJ says

    This is an excellent article… I googled quite a while to discover this, really appreciate your clear organization, descriptions, color scheme etc… My wife and I are going with OptionsHouse RothIRA. Wish I could do Lending Club too, but i’m in one of the states which does not allow IRA account on secondary market P2P loans.

    • says

      Hi Tracy,

      From the offers listed above: Betterment and Motif Investing (if you roll over an existing account). If just new money then only Betterment would qualify. Please read the steps required above.

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