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Marshall
Marshall

I opened an account last year during the $500 for $10000 deposit promotion but got nothing from them after depositing and keeping $10000+ there for 10+ months. What a waste of time!

thefirstrule

Did you contact them to see what was up?

Eric
Eric

With interest rate above 2% now, don’t we get more than $2000 by simply put $100,000 in an online savings account for a year? The interest rate may be soon higher than 3%. What is the point to take this offer?

Danno
Danno

You could deposit the money and put it into a bond ETF…

dl73
dl73

If you did that you could be down over 5% in a month if you look at what bond ETFs have done lately.

Danno
Danno

I should have clarified SHORT TERM bond etf. My bad

Ron
Ron

Buy a year long cd.

BG
BG

SGOV, this is essentially a money market ETF. Yield will increase as the underlying Treasury Bills mature and get replaced with higher yielding ones (or lower yielding if rates fall)

adam d
adam d

be careful with them, unprofessional CS and terrible UX for actually executing trades. had to chat to get the last promo minimum amount since the stocks they gave me were all under the promo amount when delivered lol.

Emily
Emily

So if l put money in the account before, I can’t do this promotion?

Andy
Andy

I think so.

I have a closed account from a prior promo, but they never deactivated the login, and I can still sign in to see my old account with “Closed” status.

I believe “all approved new customers (as determined by Tax ID)” means that the old account (even a closed one) means you’re no longer a “new” customer.

Michael
Michael

Looks like prior customers are out of luck – I guess these guys are once per lifetime – I emailed asking about promotion eligibility for a > $100k transfer and got the following response:

“Unfortunately, you have already claimed an award from us back in 2020 and only one promotion can be claimed per customer. The promotion is only available for new customers as well.”

LoveCreditCards
LoveCreditCards

Is this cash transfer only? What about transferring my stock portfolio from Vanguard?

Seeu
Seeu

cash

TJ
TJ

Title says $200 for $2000+, details are totally different tiers.

ieatdogfood
ieatdogfood

Over two years later, I still have my shit stock from their ~$200 stock bonus. It’s been paying me dividends of ~$5 per quarter. I should’ve sold it in 2021 at the height of pump and dumps when it was >$400. I still don’t know how to use this brokerage to trade.

Alex
Alex

Lol exact same situation. My hbio was up over $800 at some point, now back down to $260; no idea how to trade either.

Bleh
Bleh

Didn’t see any terms regarding old customers, can tastyworks be churned if I got the previous bonus and closed the account?

Every Sperm is Sacred
Every Sperm is Sacred

hit and miss. All depends on who is opening your account and if they catch it or not. I’ve churned multiple times in the past. I’m more hesitant to try with this offer due to higher deposit requirements.

Michael
Michael

FWIW, I emailed asking about promotion eligibility for a > $100k transfer and got the following response:

“Unfortunately, you have already claimed an award from us back in 2020 and only one promotion can be claimed per customer. The promotion is only available for new customers as well.”

JD
JD

see #2:

“The Promotion is available to (1) all approved new customers (as determined by Tax ID) who fund their tastyworks account with $5,000 USD or more, and (2) existing customers who have never funded any tastyworks account prior to the start of the Promotional Period”

MR
MR

Clickbait title. Not expected from this site

Original Jack
Original Jack

Not clickbait, he just forgot to update the title.

Darren
Darren

Meh. Early this year it was a $1,000 bonus for a $10,000 deposit and you only had to hold it for 3 months.

Quan Titative
Quan Titative

It was 500, I believe. Not 1000.

Original Jack
Original Jack

It was $500 for a 10K deposit earlier this year. Still was better, especially with the shorter hold time.

Darren
Darren

Sorry, I’m getting older and my memory was off. It was $500 but better hold time, just 10k.

Joey
Joey

Darren Do you have link to that one? I’m not familiar.

Darren
Darren

Sure, here is the post. It was $500 for 10k for 3 months. https://www.doctorofcredit.com/tastyworks-brokerage-bonus-transfer-10000-earn-500-bonus/

Joey
Joey

Thank you! Darren