TD Ameritrade is one of the leading online brokerages that offer attractive signup bonuses for new customers. By opening a new TD Ameritrade brokerage account and depositing funds, you can earn up to $2500 in bonus cash. This article provides a comprehensive guide to the latest TD Ameritrade bonus offers, eligibility requirements, and how to qualify.
Overview of TD Ameritrade Bonus Offers
Here is a quick overview of the main TD Ameritrade bonus offers available:
- $600 bonus – For depositing $25,000+ in new assets
- $1000 bonus – For depositing $50,000+ in new assets
- $1500 bonus – For depositing $200,000+ in new assets
- $2500 bonus – For depositing $5,000,000+ in new assets
The bonuses are credited to your new TD Ameritrade account within 60 days, provided you meet the terms and conditions. The bonuses range from $600 up to $2500 depending on the amount you deposit.
TD Ameritrade $600 Bonus
One of the most popular TD Ameritrade bonuses is the $600 cash bonus. This is available to new TD Ameritrade clients who open an account and deposit at least $25,000 in new assets.
Here are the key details for the $600 TD Ameritrade bonus offer:
- Bonus – $600 cash bonus
- Deposit Requirement – Deposit at least $25,000 in new assets within 45 days of account opening
- Maintenance Requirement – Maintain the deposit for at least 6 months
- Expiration – Offer expires April 30, 2023
As long as you fund your new account with at least $25,000 within 45 days and maintain that balance for 6 months, you’ll receive the $600 bonus. This offer is easy to qualify for if you have $25k+ to invest.
TD Ameritrade $1000 Bonus
TD Ameritrade offers a $1000 cash bonus when you open a new account and deposit at least $50,000. Here are the key details:
- Bonus – $1000 cash bonus
- Deposit Requirement – Deposit at least $50,000 in new assets within 45 days of account opening
- Maintenance Requirement – Maintain the deposit for at least 9 months
- Expiration – Offer expires April 30, 2023
To qualify for the $1000 bonus, you’ll need to fund your new TD Ameritrade account with at least $50,000 within 45 days. You must maintain that balance for 9 months to earn the bonus.
TD Ameritrade $1500 Bonus
For larger deposits, TD Ameritrade offers a $1500 cash bonus. This requires an initial deposit of at least $200,000. Here are the requirements:
- Bonus – $1500 cash bonus
- Deposit Requirement – Deposit at least $200,000 in new assets within 45 days of account opening
- Maintenance Requirement – Maintain the deposit for at least 9 months
- Expiration – Offer expires April 30, 2023
The $1500 TD Ameritrade bonus has the highest deposit requirement at $200,000. But it also comes with the largest bonus amount for deposits under $1 million. Maintain the $200k balance for 9 months to earn the $1500.
TD Ameritrade $2500 Bonus
For its top-tier clients, TD Ameritrade offers a $2500 cash bonus. This requires a much larger initial deposit of at least $5,000,000. Here are the bonus details:
- Bonus – $2500 cash bonus
- Deposit Requirement – Deposit at least $5,000,000 in new assets within 45 days of account opening
- Maintenance Requirement – Maintain the deposit for at least 9 months
- Expiration – Offer expires April 30, 2023
Very few investors will qualify for the top $2500 TD Ameritrade bonus. You’ll need at least $5 million in investable assets to fund a new TD Ameritrade account. If you can meet the minimum deposit and maintenance requirements, the $2500 bonus is yours.
Eligibility for TD Ameritrade Bonuses
To qualify for any of the TD Ameritrade bonus offers, there are a few eligibility requirements:
- The bonuses are only valid for new TD Ameritrade brokerage accounts
- You must be a U.S. resident with a valid U.S. address and Social Security number
- The account needs to be funded with new money not previously held at TD Ameritrade
- IRA accounts, trusts and corporate/business accounts do not qualify
- You can only receive one new account bonus every 12 months
As long as you are opening a new individual taxable brokerage account as a U.S. resident, funding it with new deposits, and haven’t received a bonus in the past year, you should be eligible. Just make sure to read all the terms.
Step-by-Step Guide to Earn the Bonus
Follow these steps to earn a TD Ameritrade bonus:
Step 1) Open a new individual taxable brokerage account online at www.tdameritrade.com. Make sure you do not already have an existing account.
Step 2) Fund the new account within 45 days, meeting the minimum deposit requirement for the bonus tier you want. Deposit the funds electronically via bank transfer or wire transfer.
Step 3) Maintain the account balance for the required time period based on the bonus. Most tiers require maintaining the balance for 6-9 months.
Step 4) TD Ameritrade will credit the bonus cash to your account within 60 days, provided you meet the terms and conditions.
Step 5) After earning the bonus, you can withdraw, invest, or trade with the bonus cash. Just make sure to maintain the balance until the maintenance period ends.
Meeting the bonus requirements is straightforward. Simply fund a new account with the required amount within 45 days, maintain that balance, and TD Ameritrade will deposit the bonus to your account within 60 days.
Bonus Terms and Conditions
Here are some key terms and conditions to be aware of for TD Ameritrade bonuses:
- Bonus cash will be deposited within 60 days of meeting the requirements
- Bonuses are considered interest/investment income for tax purposes
- TD Ameritrade reserves the right to modify or terminate bonus offers at any time
- You must keep your account open and active to receive the bonus
- Requests to withdraw the bonus may result in account closure/forfeiture of the bonus
- IRA, retirement, trusts, and corporate accounts do not qualify for the bonuses
- Cannot combine with any other offers or account opening bonuses
Make sure to read all the latest terms on the TD Ameritrade website for any updated bonus terms and conditions before applying. The above is a summary of some of the key conditions.
Are the Bonuses Worth It?
TD Ameritrade’s bonuses range from $600 up to $2500 can be very lucrative, especially considering there are no trading commission fees. With the top bonus amounting to $2500, this is likely the highest brokerage account bonus available.
You do need to deposit and maintain significant funds though, anywhere from $25k up to $5 million depending on the tier. The bonus percentages range from 2.4% down to just 0.05% of the deposit amount.
So while the bonuses are attractive, you need to have substantial investable assets to qualify. The account also needs to remain open for 6-9 months to earn the bonus.
Overall, the TD Ameritrade bonuses are quite competitive, especially if you were planning to invest large amounts anyway. Just make sure you are comfortable leaving the funds deposited in order to receive the bonus.
Bonus Offers from Other Brokers
While TD Ameritrade offers some of the most lucrative bonuses, other top brokers also offer account opening bonuses:
- E*Trade – Get up to $2500 bonus for depositing $1 million+
- Fidelity – $100 bonus for $50,000 deposit or $50 bonus for $25,000 deposit
- Charles Schwab – Get a $100-$500 bonus for opening an account
- Merrill Edge – $100-$1000 for depositing $10,000-$200,000
- WeBull – 2 free stocks for opening an account, valued at $3-$3000 total
E*Trade has similar bonus tiers to TD Ameritrade but their bonuses max out at $2500. Fidelity and Schwab offer smaller bonuses of $100-$500. For the largest bonuses, TD Ameritrade is tough to beat but other brokers offer incentives too.
Common Questions about TD Ameritrade Bonuses
Here are answers to some frequently asked questions about qualifying for TD Ameritrade’s account opening bonuses:
What assets count towards the deposit requirements?
The deposit to your new TD Ameritrade account must be in cash equivalents. This includes stocks, ETFs, mutual funds, cash, etc. Certain assets like options and futures do not count.
Can I withdraw my deposit after receiving the bonus?
Yes, you can withdraw your deposit after the maintenance period ends, while keeping the bonus cash. Just make sure your account remains open.
Are there any fees to open an account?
No, TD Ameritrade does not charge any account opening, maintenance, or annual fees. Their commissions are $0 as well.
How is the bonus reported to the IRS?
The bonus cash is considered taxable income. TD Ameritrade will send a 1099-INT form reporting the bonus amount for tax purposes.
How long do I have to keep my account open?
There is no requirement to keep your TD Ameritrade account open after receiving the bonus. But you must maintain the balance through the maintenance period.
Can I receive multiple bonuses for different accounts?
No, the bonuses are limited to one per client every 12 months. However, your household/family members can each qualify for a bonus.
Get Started with a TD Ameritrade Bonus
TD Ameritrade offers some of the most generous brokerage account opening bonuses. New clients can earn up to $2500 in bonus cash! Qualify by opening a new, individual taxable account and fund it with between $25,000 and $5 million in new money within 45 days. Maintain that balance for 6-9 months and the bonus is yours.
Just be sure to read all of the latest bonus terms and conditions on TD Ameritrade’s website. And check whether you may qualify for bonuses from other top brokers like E*Trade, Fidelity, or Schwab. Investing large sums of cash can earn you lucrative signup bonuses to maximize your returns.