Chase You Invest Bonus $200-$625 Bonus With $25,000-$250,000 Investment Account

Update 10/26/20: Bonuses extend until 11/24/2020.

The Offer

Direct link to offer

  • Chase is offering a bonus on their You Invest investment product. This product offers free trades to some customers in addition to other benefits. The current sign up bonus is tiered and varies based on how much you fund the account with:
    • Fund $25,000-$99,999 and get a bonus of $200
    • Fund $100,000-$249,999 and get a bonus of $300
    • Fund $250,00+ and get a bonus of $625
  • Account must be funded within 45 days and must be maintained for 90 days

 

The Fine Print

  • Cash promotion is limited to one per customer and can only be applied to one new You Invest Trade account (Brokerage, Traditional IRA, or Roth IRA). To enroll in the up to $625 offer, you must open an account through this page.
  • Customers must open and fund a new You Invest Trade account with new money of $25,000 or more in cash or securities from a non-Chase or non-J.P. Morgan account and cannot be funds or securities held by Chase or its affiliates. New money must be transferred within 45 days of account opening.
  • At day 45, the bonus tier will be determined
  • Cash bonus will be credited to the account within 10 business days of these requirements being met.
  • You can participate in only one You Invest, Chase Private Client Checking, or Sapphire Checking new money bonus in a 12 month period.
  • The new money balance must be maintained in the account for at least 90 days from the date of funding (losses due to trading or market fluctuation will not be taken into account).

Our Verdict

Previously only the lowest tier bonus has been offered. Keep in mind you can do this bonus and still do a Chase checking & Savings bonus as well, but doing this bonus prevents you from doing the Chase Private Client or Sapphire Checking bonus. If considering this bonus you have several options:

  • You can just fund the account with $25,000-$250,000 and leave the funds in there without investing them for 90 days. For most people this won’t be worth doing.
  • A better option would to put the funds into a money market fund such as VMMXX or VUSXX. These have been yielding 2%+ returns and are considered very safe, but they don’t have FDIC insurance like a traditional high yield savings account.
  • You can invest funds as you normally would.
  • Reader Ben points out that the Sapphire Banking offer does not allow IRA funds to count to the funding amount while this You Invest offer does allow that. So if you don’t have non-IRA funds to move over and thus can’t get the Sapphire bonus, this You Invest bonus can really be cost free by simply transferring over IRA funds (I’ve never actually transferred an IRA, personally, but I assume it’s not difficult). Another reader points out that there are often fees for transferring an IRA, check with your original institution and with Chase to find out if there are fees to transfer in or out.

Interesting to see Chase add higher tier bonuses. We really need to create a dedicated page to these brokerage bonuses, but for now you can view other options here.

Hat tip to reader Bobby D

Post history:

  • Update 9/19/20: Bonuses have been reduced to $200/$300/$625. Bonus extended until October 25, 2020. Hat tip to reader SamL
  • Update 5/1/20: $300 bonus has been increased to $350 and $625 bonus has been increased to $725. Hat tip to reader Chase-ing UR points

 

109
Leave a Reply

avatar
 

  Subscribe  
newest oldest most voted
Notify of
michael
michael

I have a YOUINVEST account already I opened a new one for the bonus once it posts can I combine them without losing the bonus?

Dan
Dan

They let you open a second one and get the bonus?

michael
michael

yes. the rep told me to do that

Michael
Michael

VMMXX closed to new investors. What’s the alternative, please?

SamL
SamL

Bank account bonuses, if you are doing cash.

Michael
Michael

I am already in You Invest deal, wondering where to park 25K for 90 days…….

SamL
SamL

VMMXX would have been at 0.01% anyway, so it only would have been $0.63 interest. You might as well leave it in the sweep account if you want to sit in cash.

Michael
Michael

I’d do just that, leaving it in the sweep account. Thanks!

Jason
Jason

Personal Capital paid a $20 Amazon credit using a referral link from gadget in about 12 hours when I linked my Chase YouInvest account to it. Account is funded for this bonus. New Personal Capital user.

John
John

Just got my bonus…
6/30: Deposit arrived $25k
9/29: Bonus posted, $200

exShoYoGuy
exShoYoGuy

I asked Chase if they would refund any transfer fees and she said no! I was going to move $300,000 to them and told them to go fly a kite.

CK
CK

Why would they also reimburse transfer fee’s. It would seem the bonus would be more than adequate to cover fee’s plus a nice little profit.

RD
RD

CSR provided wrong info. They certainly do refund fees

Superman
Superman

Previous coupon has not expired if you saved to email, subject line: Your up to $725 coupon is here – open a You Invest Trade account today!

Sitru
Sitru

Is this churnable?

nick
nick

anyone know if chase will cover account closing/transfer fee by another broker on top of said bonuses?

mike
mike

don’t you have to have a vanguard account to buy VMMXX or VUSXX?

Peek
Peek

Mike It looks like I can buy these in Fidelity so I’d assume they are probably available with Chase as well. The returns though, according to marketwatch on VMMXX is only .52% currently. All interest rates are down so this should be no surprise. The point of this recommendation is to choose some kind of money market fund to reduce the possibility of loss of your principal while you wait for the bonus.

SamL
SamL

That 0.52% is YTD return. The relevant number is the SEC yield 0.01%.

Nina
Nina

VUSXX has a 7 day SEC yield of 0.06% as of 9/29.

Jay
Jay

You can buy ICSH and LQD, there are some alternative etf to match VMMXX

Nate nate
Nate nate

Can you get the bonus if you already have a YouInvest account and add money?

Bob
Bob

Open a second you invest account?