Dedicated to Deposits: Deals, Data, and Discussion

$100 TD AMERITRADE Account Bonus


This TD AMERITRADE promotion has been going on for awhile (I first mentioned it last year), but since it's scheduled to end on March 31st, I thought it's worthwhile to mention again. The promotional page is at and the offer code is 701. The downside about this promotion is that'll take over a year to receive the bonus. Nevertheless, the requirements are easy to meet:
  • Open a Save Yourself account by 3/31/2008
  • Set up electronic monthly deposits of at least $50 within 30 days of account opening
  • After 12 consecutive months of electronic deposits, TD AMERITRADE will verify that the deposits have been made and add $100 to your account.

One important detail in the small print states that you can withdraw the money before the end of the 12-months, but you'll forfeit the $100 bonus. The current yield of the account is 2.75% APY, so you'll probably won't want to deposit more than the minimum.

The FAQ page has some more details about this Save Yourself account:

The Save Yourself account is a brokerage account at TD AMERITRADE that you can open to follow Suze's Save Yourself Plan. The account features a special TD Bank USA, N.A. Money Market Deposit Account (MMDA) that is designed as a place where you can save money until you need it.

The Save Yourself account from TD AMERITRADE features a special high-yield MMDA with a 2.78% Annual Percentage Yield (as of February 1, 2008). **The MMDA is FDIC-insured and held at TD Bank USA, N.A. Interest rates are subject to change after the account is opened.

More info on TD Bank USA is available at this FDIC page (Certificate # 33947).

  Tags: savings account

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