A New Year means makes now 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.
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 latest stock broker promotions.
- E*TRADE IRA — Get up to $2,500 and 60 Days of Free Trades
- TD Ameritrade IRA — Get up to $600
- Scottrade IRA — Get up to $2,000 Cash and 50 Free Trades
- Wealthfront — Manage $15,000 for Free
- Betterment IRA — Six Months Commission Free
- Betterment SEP IRA — Up to One Year Free (New)
- TradeKing No-Fee IRA
- Lending Club IRA — Get up to $2,000 Cash
- Discover Bank IRA CD
- USAA IRA
E*TRADE IRA — Get up to $2,500 and 60 Days of Free Trades
Get up to $600 with E*TRADE’s no annual fee and no minimum traditional IRA. Plus 60 days of free trades for deposits of $10,000 or more.
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.
In order to receive the cash credit, you must make a deposit within 45 days of opening the account. For more terms and conditions about this E*TRADE promo, visit their website.
|Open Account||Cash Bonus||Free Trades|
|$1,000,000 or more||$2,500||60 Days|
|$500,000 — $999,999||$1,200||60 Days|
|$250,000 — $499,999||$600||60 Days|
|$100,000 — $249,999||$300||60 Days|
|$25,000 — $99,999||$200||60 Days|
|$10,000 — $24,999||N/A||60 Days|
TD Ameritrade IRA — Get up to $600
Get up to $600 and trade free for 60 days. 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 within 60 days of opening your account. Kiplinger’s rated them best broker for your IRA.
The cash bonus is available if you deposit these amounts:
|Open Account||Cash Bonus|
|$250,000 or more||$600|
|$100,000 — $249,999||$300|
|$25,000 — $99,999||$100|
Scottrade IRA — Get up to $2,000 Cash and 50 Free Trades
Rollover either a 401(k) or IRA to Scottrade. All offers with Scottrade get 50 free trades. The commission-free trades must be used within 90 days of when the they are first made available.
This offer is for both existing and new customers who want to consolidate with one brokerage firm. To get up to $2,000 cash, either fund your existing Scottrade account or open a new one. Scottrade will even pay your transfer-out fee if you qualify. This promotion ends April 18, 2016.
Here are the levels of bonuses you could qualify for:
|$1,000,000 or more||$2,000 Cash + 50 Free Trades|
|$500,000 — $999,999||$1,000 Cash + 50 Free Trades|
|$250,000 — $499,999||$600 Cash + 50 Free Trades|
|$100,000 — $249,999||$300 Cash + 50 Free Trades|
|$50,000 — $99,999||$200 Cash + 50 Free Trades|
|$25,000 — $49,999||$100 Cash + 50 Free Trades|
|$10,000 — $24,999||50 Free Trades|
Wealthfront — Manage $15,000 for Free
To find out more about them, read our recent review of Wealthfront. They are a popular robo-advisor. They just passed $2 billion in managed assets. This offer is available not only for tax-deferred accounts but taxable accounts as well. This promotion is $5,000 more than their standard offer.
The terms are really simple, and there are two ways you can qualify. Just transfer an existing account, either a 401(k) or an IRA, or deposit a minimum of $5,000 cash.
Betterment — Up to 6 Months Free
Betterment is a great service, and making waves as an upcoming robo-advisor. And you can now try out their service and get up to six months commission free.
In order to qualify for this promotion, you need to deposit at least $5,000 into a new account, within 90 days of opening it. The amount of money you deposit in the account determines your bonus, as follows.
|Open Account||Commission Free|
|$100,000 or more||6 Months|
|$25,000 — $99,999||4 Months|
|$5,000 — $24,999||3 Months|
Betterment SEP IRA — Up to One Year Free (New)
Small business owners rejoice! Betterment now offers SEP IRA accounts. To celebrate this new feature, Betterment is offering up to one year free with their robo-advisor service.
In order to qualify for this promotion, you need to deposit at least $25,000 into a new account, within 30 days. The amount of money you deposit in the account determines your bonus. This offer is available for both new and existing customers of Betterment.
|Open Account||Commission Free|
|$500,000 or more||12 Months|
|$100,000 — $499,999||6 Months|
|$25,000 — $99,999||4 Months|
TradeKing No-Fee IRA
TradeKing offers low ($4.95 per stock trade) commission fees. Combined with the tax deferment of an IRA, the low commission 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.
Lending Club IRA — Get up to $2,000
Open 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 deferred IRA account.
And until April 30, 2016, you can get up to $2,000 credit by moving your IRA account to Lending Club. Hurry, as this offer ends soon. For details, click the button below.
Discover Bank IRA CD
Open a Discover Bank traditional or Roth IRA CD. There’s no monthly maintenance fees and guaranteed returns and FDIC insurance. Open an account with as little as $2,500. Terms are from three 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.