As 2023 progresses, now is a great time to get in on an IRA bonus. 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 the best IRA investment promotions for you. Most of the offers apply to IRA transfers or when opening a new IRA.
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.
- Ally Invest — Get up to $3,000 Cash Bonus Plus Commission-Free Trades
- Wealthfront — Manage $5,000 for Free
- Betterment — Up to One Year Commission Free
Ally Invest — Get up to $3,000 Cash Bonus
Ally Invest is a great low-cost online stock broker. Formerly known as “TradeKing,” this platform is the sister to Ally Bank, so you can enjoy banking and investing with a one-stop shop. Plus, there are no minimums to begin!
If you currently don't have an Ally Invest account, now would be a good time to try with this special offer.
Currently, you can receive a cash bonus up to $3,000. To qualify, your account must be funded within 60 days of account opening. The qualifying deposit to open the new account must be made from outside Ally Invest. To receive the minimum cash bonus, you must invest a minimum of $10,000. This minimum must remain in the account (minus any trading losses) for a minimum of 90 days from the date of funding.
This promotion applies to IRAs as well as to taxable accounts.
Here's a breakdown of what you can get:
|Opening Balance||Cash Bonus|
|$1,000,000 – $1.99MM||$2,000|
|$500,000 – $999,999||$1,200|
|$250,000 – $499,999||$600|
|$100,000 – $249,999||$300|
|$25,000 – $99,999||$250|
|$10,000 – $24,999||$100|
To find out more about this popular robo-advisor platform, read our recent review of Wealthfront. They just passed $3 billion in managed assets. This offer is available not only for tax-deferred accounts but for taxable accounts as well. This promotion is worth $5,000 more than the 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 $500 cash. Make sure to use our special link to get your first $5,000 managed for free.
Betterment — Up to One Year Commission Free
In order to qualify for this promotion, you need to deposit at least $10,000 into a new account within 45 days of opening it.Betterment has made setting up, opening or transferring an existing retirement account a breeze.
|Initial Deposit||Commission Free|
|$250,000 or more||12 Months|
|$100,000 – $249,999||6 Months|
|$5,000 – $99,999||1 Month|