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E*TRADE Promotions of 2024

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Cole Tretheway is a full-time personal finance writer whose articles have been featured on The Ascent and The Motley Fool. He has a degree in English with a Certificate in Professional and Technical Communication from California Polytechnic University, SLO.

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E*TRADE offers hefty bonuses to customers who transfer from other banks or brokers. Find out how much you could earn and if you qualify.

E*TRADE Brokerage Account Bonus: Earn $100 to $5,000 by depositing into a new account with promo code REWARD24

E*TRADE
Open Account for E*TRADE

On E*TRADE's Secure Website.

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E*TRADE

Open Account

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Our Rating:

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Bottom Line

Fees:

Commission-free; other fees apply

Account Minimum:

$0

Special Offer Circle with letter I in it. Open a new eligible E*TRADE brokerage account, fund your account within 60 days of opening, and earn a cash bonus of up to $1,000, depending on the size of your deposit. Offer good for one use per customer, on a single account.

Open and fund and get up to $5,000

Open Account for E*TRADE

On E*TRADE's Secure Website.

How you earn it:

New E*TRADE customers:

  1. Open a new brokerage account.
  2. When opening the account, enter code REWARD24.
  3. Deposit at least $50 worth of cash or stock into your account within 60 days of opening.
  4. Leave deposits in your account for at least six months.

Current E*TRADE customers:

  1. Open a new brokerage account.
  2. When opening the account, enter code REWARD24.
  3. Deposit at least $50 into your new E*TRADE account. Optionally, deposit into your existing E*TRADE account for additional bonuses
  4. Leave deposits in your accounts for at least six months.

How you qualify: Open a new E*TRADE Self-Directed Brokerage account. (Not a retirement account.) If you're already an E*TRADE customer, you can still earn a bonus by opening a new eligible account.

Details: The more you deposit, the more you earn. But how earnings are paid is a little different for new and existing customers. For new customers opening one account, it's straightforward.

New customer deposit tiers

Deposit amount Cash bonus
$50 to $999 $100
$1,000 to $19,999 $150
$20,000 to $99,999 $300
$100,000 to $199,999 $600
$200,000 to $499,999 $800
$500,000 to $999,999 $1,000
$1,000,000 to $1,499,999 $3,000
$1,500,000+ $5,000
Data source: E*TRADE.

Existing customers still earn bonuses from depositing money into your new account. Below is what you would earn for depositing into your new account.

Existing customer, new account deposit tiers:

Deposit amount Cash bonus
$50 to $999 $100
$1,000 to $19,999 $150
$20,000 to $99,999 $300
$100,000 to $199,999 $600
$200,000 to $499,999 $800
$500,000 to $999,999 $800
$1,000,000 to $1,499,999 $800
$1,500,000+ $800
Data source: E*TRADE.

Existing customers can also get bonuses for depositing into existing accounts. These bonuses can be quite substantial, though they require bigger deposits. At minimum, you must deposit $500,000 across new and existing accounts to earn the additional bonus.

Existing customer, total deposit tiers:

Deposit amount Cash bonus
$500,000 $200
$1,000,000 to $1,499,999 $2,200
$1,500,000+ $4,200
Data source: E*TRADE.

To earn the maximum $5,000 bonus, you need to deposit at least $1,500,000 across your new and existing accounts. For deposits this large, E*TRADE splits the bonus between your accounts based on how much you put in each one.

For example:

  • If you deposit $1,500,000 in your new account and $1,500,000 in your existing account, you'd get $800 in the new account and $4,200 in the existing account, totaling $5,000.
  • If you deposit $200,000 in your new account and $1,300,000 in your existing account, E*TRADE would divide the $5,000 bonus between your accounts based on these amounts.

The exact split of the bonus depends on how much you put in each account, but the total bonus won't go over $5,000 for deposits of $1,500,000 or more."

Cash bonuses are paid to the accounts that earn the bonus. If your new account earns a $100 bonus, E*TRADE credits that $100 to your new account. If your old account earns a $200 bonus, E*TRADE credits that $200 to your old account.

FYI, any money you shuffle between accounts doesn't count toward this promo. Deposits must come from outside E*TRADE.

Offer expires: July 31, 2024

What else should you know about E*TRADE bonuses

Online brokers frequently update promos, so check in every so often. We keep track of the latest E*TRADE promotions here.

Are E*TRADE promotions worth it?

The E*TRADE deposit bonus is worth considering if you like what the broker has to offer investors. This broker is known as a one-stop shop for investing. If you like low fees and mutual funds, it could be worth opening an account. E*TRADE's deposit bonus is generous compared to its competitors'. See the best brokerage promos to do your own comparisons.

Alternatives to Consider

We recommend comparing brokerage options to ensure the account you're selecting is the best fit for you. To make your search easier, here's a short list of our best trading platforms of 2024.

Account Fees Account Minimum
Logo for SoFi Active Investing
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$0 for stocks, $0 for options contracts $0
Open Account for SoFi Active Investing
Logo for Robinhood
Rating image, 4.5 out of 5 stars.
4.5/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Excellent
= Good
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$0 for stocks, ETFs, and options; $5 monthly for Robinhood Gold $0
Open Account for Robinhood
Logo for E*TRADE
Rating image, 4.5 out of 5 stars.
4.5/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Excellent
= Good
= Fair
= Poor
Commission-free; other fees apply $0
Open Account for E*TRADE

FAQs

  • New customers: You get your cash bonus within seven business days of your first deposit. If you deposit more within the 60 days, qualifying for more cash, you get it at the end of the 60 days.

    Current customers: You get your cash bonus by the end of the 60 days.

  • You can only get the E*TRADE Brokerage Account Bonus once. But you can make multiple deposits during the 60-day promo period to hit higher reward tiers.