Best IRA Offers: Brokerage IRA Account Promotions, Bonuses, and Deals for 2016

List of best IRA promotions, incentive offers, cash bonuses and codes for new clients for opening new online broker retirement account or for IRA rollover in 2016. Current best brokerage firm deals on traditional IRA, ROTH, SEP, SIMPLE, 401(k): cash, free trades, and account transfer/ACAT fee reimbursment.

TradeKing IRA Promotion

Get $100 in free commissions. No hidden fees. No minimums.

Details: TradeKing IRA promotion conditions.

TradeKing IRA Review

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TD Ameritrade IRA Promotion

Trade free for 60 days + get up to $600.

Details: TD Ameritrade IRA promotion conditions.

TD Ameritrade IRA Review

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OptionsHouse IRA Promotion

Trade Free For 60 Days when you Open a New OptionsHouse Account.

Details: Optionshouse IRA promotion conditions.

OptionsHouse IRA Review

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Discover Bank IRA Offer

Link for CD IRAs: Discover Bank IRAs

Details: Discover IRA promotion conditions.

Discover Bank IRA Review

Read Discover Bank IRA Review.

Lending Club IRA Offer

Link for CD IRAs: Lending Club investing: annulized 8.5% return

Get a low interest loan through LendingClub, rates from 5.99%-32.99% APR

For borrowers: rates from 6.68% to 29.99%* APR. Best APR is available to borrowers with excellent credit. No prepayment penalties. Low fixed rates & payments. No hidden fees

For investors: Lending Club Notes have Historical Returns by Grade A-C of 4.91% to 8.38%. You can choose the grade or grades that fit your investment goals. Investors receive monthly cash payments of principal and interest. For example, if you invested $100,000 in 36-month, grade B Notes providing an aggregate 6.0% net annualized return, you would receive approximately $3,035 each month in cash payments to reinvest or withdraw.

Lending Club IRA Review

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Scottrade IRA Promotion

Get up to $2000 when you open new account or add funds to existing account.

Details: Scottrade IRA promotion conditions.

Scottrade IRA Review

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Etrade IRA Promotion

60 days of free trades for deposits of $10k or more.

Details: Etrade IRA promotion conditions.

Etrade IRA Review

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Best IRA Promotion Offers

Competition among discount brokerages is intense, so companies frequently offer IRA promotions to investors who open new accounts or transfer an account from a competitor. Each promotion discussed below applies to all Individual Retirement Accounts (IRAs) including traditional, Roth, and 401k Rollover IRAs unless otherwise noted.


TradeKing's biggest promotion is $1,000 in free commissions when an investor opens a new account of at least $5,000. The account must be funded within 30 days of account opening. The commission credits are good for 60 days from the award date, and only cover the cost of equity, ETF, and options trades (including the per contract commission). The initial deposit (minus any trading losses) must remain in the account for a minimum of 6 months.

A quick calculation using TradeKing's current commission rates shows that a combination of at least 202 equity or ETF trades and/or 87 options trades (based on the cost of a 10-contract trade) must be made within 60 days to obtain the full value of the promotion. Bottom line: this is a promotion suitable only for very active traders.

A more reasonable promotion for less active traders is $100 in free trade commissions for opening a new account. There are basically no conditions attached to this offer.

TD Ameritrade

TD Ameritrade offers a sliding scale promotion for new accounts based on the amount deposited into a new account. For a minimum deposit of $3,000, an investor receives 60 days of commission-free trading. Depending on the investor's trading activity, the savings can be enormous because no limit is placed on the number of free trades that can be made. With a deposit of at least $25,000, a trader receives 60 days of commission free trades plus $100. For deposits of at least $100,000, the investor receives 60 days of free trades plus $300. And for deposits of at least $250,000, the investor receives 60 days of free trades plus $600.

Accounts must be opened by 9/30/2016. The minimum deposit (minus trading losses) must remain in the account for 12 months to avoid retroactive commission charges.


The IRA promotion offer from OptionsHouse is 100 commission-free trades within 60 days of funding a new account. The minimum deposit to receive the free trades is $5,000. OptionsHouse does not stipulate if the account must be maintained for a minimum length of time to receive the free trades.

Discover Bank

Although Discover Bank does not offer any IRA promotional incentives at this time, it should be noted that the interest rates they offer on IRA CDs is substantially higher than rates offered by most commercial banks. Discover Bank IRA has a minimum deposit of $2,500. Only Capital One 360 comes close to matching Discover's rates. Most other major banks offer rates that currently do not exceed 1.0% for even their longest-term CDs.

Lending Club

Lending Club's promotional offer for new IRAs is no annual fee if the initial account deposit is at least $5,000 and the account is held at Lending Club for at least 12 months. The annual fee is currently $100. In subsequent years, Lending Club will pay the annual fee for each year the account balance remains above $10,000.


Scottrade's promotional offer for IRA accounts is an extended version of the TD Ameritrade model. Please note that this offer expires soon, so interested investors need to act fast. For an additional deposit of $10,000 or more into an existing account, or a minimum initial deposit of at least $10,000, an investor will receive 50 free trades that must be made within 90 days of account funding. Free trades only apply to equities and options. The account must be maintained with the eligible funding amount (minus any trading losses) for at least one year from the registration date.

Cash bonuses are offered for larger initial deposits in addition to the 50 free trades within 90 days. The breakpoints on larger minimum deposits are: $25,000+ earns $100; $50,000+ earns $200; $100,000+ earns $300; $250,000+ earns $600; $500,000+ earns $1,000; $1,000,000+ earns $2,000.


E*Trade offers yet another variation on the TD Ameritrade/Scottrade IRA promotional model. The offer expires on December 31, 2016. Free trades for 60 days after the date of account funding are offered for minimum initial deposits into new accounts of $10,000. Eligible trades are stocks and options. Trades must be made within 60 days of account funding. E*Trade limits the number of commission-free trades to 500.

Cash bonuses are offered for larger initial deposits in addition to the free trades for 60 days. The breakpoints are: $25,000+ earns $200; $100,000+ earns $300; $250,000+ earns $600; $500,000+ earns $1,200; $1,000,000+ earns $2,500.

Updated on 6/6/2016.

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