E*Trade: Up To $3,500 Brokerage Bonus ($25,000-$1,000,000 Required)

Update 11/29/20: Deal has been improved for existing users. Tiers are now as follows:

  • $3,500 bonus when you open a new account with $1,000,000+
  • $1,800 bonus when you open a new account with $500,000-$999,999
  • $1,000 bonus when you open a new account with $200,000-$499,999
  • $500 bonus when you open a new account with $100,000-$199,999
  • $200 bonus when you open a new account with $25,000-$99,999
  • $150 bonus when you open a new account with $20,000-$24,999
  • $100 bonus when you open a new account with $5,000-$24,999

Update 4/6/20: Deal has been improved. Tiers are now:

  • $3,000 bonus when you open a new account with $1,000,000+
  • $1,200 bonus when you open a new account with $500,000-$999,999
  • $600 bonus when you open a new account with $250,000-$499,999
  • $300 bonus when you open a new account with $100,000-$249,999
  • $200 bonus when you open a new account with $25,000-$99,999
  • $100 bonus when you open a new account with $5,000-$24,999

Hat tip to reader Offbyone

Update 3/5/2020: Extended until 4/30/2020

Update 1/8/2020: Deal has been extended until 03/02/2020.

Update 1/3/2020: Funds must remain in the account for 12 months instead of only 6 months. Hat tip to reader TC

Update 12/30/19: Deal has been extended until January 6th, 2020.

Update 12/4/19: There is also a bonus for existing customers that is a better deal:

  • $5,000 bonus when you transfer in $2,000,000+
  • $2,500 bonus with $1,000,000 – $1,999,999
  • $1,500 bonus  with $500,000-$999,999
  • $1,000 bonus  with $250,000-$499,999
  • $500 bonus with $100,000-$249,999

Update 11/15/19: They have added a new $100 bonus that requires a deposit of $5,000+. Hat tip to XenaWP

The Offer

Direct link to offer

  • E*Trade is offering a bonus of up to $2,500 when you open up a new E*Trade. Bonus is tiered depending on how much you deposit in cash or securities within 60 days of account opening.
    • $2,500 bonus when you open a new account with $1,000,000+
    • $1,200 bonus when you open a new account with $500,000-$999,999
    • $600 bonus when you open a new account with $250,000-$499,999
    • $300 bonus when you open a new account with $100,000-$249,999
    • $200 bonus when you open a new account with $25,000-$99,999
    • $100 bonus when you open a new account with $5,000-$24,999

 

The Fine Print

  • Offer valid for one new E*TRADE Securities non-retirement brokerage account opened by 12/31/2019 and funded within 60 days of account opening with $10,000 or more
  • New funds or securities must: be deposited or transferred within 60 days of enrollment in offer, be from accounts outside of E*TRADE, and remain in the account (minus any trading losses) for a minimum of six months or the cash credit may be surrendered. Multiple deposits made to eligible accounts will be aggregated and will receive a credit on a pro-rata basis once the new account has been funded with at least $10,000
  • Excludes current E*TRADE Financial Corporation associates, non-U.S. residents, and any jurisdiction where this offer is not valid. You must be the original recipient of this offer to enroll. This offer is not valid for E*TRADE Securities retirement, E*TRADE Futures, E*TRADE Bank, or E*TRADE Savings Bank accounts. One promotion per customer. E*TRADE Securities reserves the right to terminate this offer at any time.

Our Verdict

Funds need to stay in the account for a minimum of six months and must be maintained (minus any loses). Brokerage bonuses aren’t massive on a percentage basis, but it’s still extra money just for moving funds/securities around. I’ve previously thought it wasn’t worth the effort involved, but readers that do these sorts of bonuses frequently are slowly changing my mind on that. Because of that I will be creating a best brokerage bonus page soon, if you know of any brokerage bonuses we haven’t already covered then let us know in the comments below.

Hat tip to reader NYC

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181 Comments
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lilurbanachiever
lilurbanachiever (@guest_1202314)
June 7, 2021 20:37

Etrade has just launched another referral program, seems like the bonus is about as good as you can get via public means. The bonus to the referrer is still only $50 Amazon GC and last time some folks were complaining it did not post.
Here is the link to the terms, good through 06/30/21
https://refer.etrade.net/zone/terms?journey.campaign_id=6956942489544577756

calwatch
calwatch (@guest_1174295)
April 10, 2021 02:26

CFC3500 now works for IRA, but is nominally targeted. It appears regular CFC3500 has been eliminated (dead link). https://us.etrade.com/what-we-offer/how-it-works/ira-cfc3500

TG
TG (@guest_1156184)
March 9, 2021 14:45

Does anyone know how long it takes Etrade to post bonuses? It’s not stated anywhere in the terms.

Mike
Mike (@guest_1156327)
March 9, 2021 19:26
  TG

60 days after offer enrollment.

Tom
Tom (@guest_1150268)
February 25, 2021 04:08

Has anyone had success with the cfc3500 promo as a new customer? The only way to reach ETRADE nowadays is by calling in the middle of the night. They expired the lower public WINTER21 offer but the late night phone rep volunteered the cfc3500 link as the current promo after doing some research. However, I’m a bit hesitant given that the link is hidden and probably targeted.

Tom
Tom (@guest_1150452)
February 25, 2021 13:29

Schwab will match the cfc3500 promo as someone wrote below. You have to call and ask for a custom offer and send them the ETRADE link. Also, the ETRADE late night rep had a financial consultant call me today and he confirmed that ETRADE will honor the cfc3500 promo for new accounts.

SamL
SamL (@guest_1133503)
January 25, 2021 14:36

I had 6 bookmarked links with no bonus, but here’s one that does have a bonus (regular amounts, they have been higher in the past)
https://us.etrade.com/what-we-offer/how-it-works/promo

kai
kai (@guest_1104469)
December 7, 2020 13:36

I was told the cff3500 is for new clients. Any existing customers get it to apply?

ZinCO
ZinCO (@guest_1101190)
December 1, 2020 15:58

I have requested that this promo be added to my existing account, but have gotten no reply to my Secure Message (Chat seems to be broken) in over 24 hours.

JimJam
JimJam (@guest_1101206)
December 1, 2020 16:25

I spent an hour on the phone with e-trade trying to get them to help me add this to an account I would be opening. In the end, they told me to open the account and apply whatever promo code I had. As far as I can tell, the only available promo code is “Winter21” that offers much lower bonus that the one available on that landing page. Would love to hear ZinCO what you find out.

ZinCO
ZinCO (@guest_1105451)
December 8, 2020 22:47

I finally got a response that a local rep would be calling me to help me out… Talked to him today and he’s applying a bonus code to my account, but he could not find the 3500cfc bonus (asked me to forward him the email, which I don’t have). He was able to apply a different one though, which I’m assuming is the 5000cfc code, but I’ve asked for details.

kai
kai (@guest_1105595)
December 9, 2020 01:43

I am also waiting on a response from my local rep. Last time he couldn’t twist any arms. He claims he’s seeking upper mgmt approval. Doesn’t look good

tribesman55
tribesman55 (@guest_1100479)
November 30, 2020 13:09

If you click on the disclaimer for this new 3500 offer it actually says funds need to be held at E-Trade for 12 months, but the landing page says 6 months, kind of weird.

Sean
Sean (@guest_1109590)
December 15, 2020 11:18

if I do have to move money out before 12 months, will they really take away the bonus?

SamL
SamL (@guest_1100018)
November 29, 2020 17:33

At least this shows that the Morgan Stanley acquisition of ETrade hasn’t killed bonuses (yet).

jan
jan (@guest_1100010)
November 29, 2020 17:13

Would that work for a new account? I have never had e trade account.