Hot Brokerage Promos

Since the market has turned around a bit many of the online brokerage sites are offering promos to get you to open an account. Now is not a bad time to start investing since the market is still of its highs from last year but seems to be rebounding a bit. Sure we still may be in for a rocky ride, but if you are investing in the long term, now is the perfect time to get going. If you have some extra money to invest I suggest you look at one of these promos prior to signing up with anyone.

Here are a few of the current ones going on:

• Tradeking Promo – Get up to $150 in transfer fees credited to your account when you transfer your account from another brokerage to Tradeking (see post for more details)
• ETrade IRA Promo – Open an ETrade IRA and get 100 free trades. (See post for more details)
• Zecco Promo – Zecco brokerage gives you Get 10 free stock trades every month if you $25,000 balance or make 25 paid trades each month. Otherwise the commission is only $4.50 / trade which is one of the lowest out there. (See more details here
• OptionsXpress Promo – OptionsXpress is giving away $100 when you open a new account with them. (See post for more details)
• Firstrade Promo – Firstrade is giving away 5 free trade when you open a new account. (See post for more details)

$100 Chase Freedom Promo

There is a new Chase Freedom Promotion where you can get $100 after opening a new account and spending $799 within the first three months. You will receive the bonus as a $100 cash rebate which you can then get redeemed as a check for $100. You should receive the bonus in your account roughly six to eight weeks after you have totaled $799 in purchases within the first 3 months of the account being opened. You must be a new card member to be eligible for this bonus.

In addition to the $100 Chase Freedom Bonus, this card is also a cash back rewards card. You will receive 5% cash back from purchases on rotating categories like gas, home improvement and department stores and will receive 1% back on all other purchases. And those cash back rewards never expire, unlike some other cards out there.  Here are the next 2 categories for the year that will pay you 5% back:

$100 bonus and 5% cash back makes this one of the best rewards cards out there. Another great feature is that this card has no annual fee. The APR on this card ranges from 12.99% to 22.99%, based on your creditworthiness. These APRs will vary with the market based on the Prime Rate.

Check out the Chase Freedom Promo page for more details.

$50 Tradeking Promo – May 2010

There is a new Tradeking Promotion this month where you can get a $50 bonus when opening a new account. This bonus is referral based so you need to receive a referral email from me to qualify for it.:

• Open a Tradeking brokerage account by completing the form on the Tradeking Promotions Page  or complete the form below with your email address.
• Open a new Tradeking account using the link in the email
• Deposit at least $1000 into the account and execute 1 trade
• Leave the referral money in the account for at least 6 months

Thats it, once the 6 months period is up you can do what you want with the 50 bonus. Not a bad 5% return if you deposit only the requred $1000. Also keep in mind that you can refer others as well once your account is opened. You will receive a $50 referral bonus when you friend opens an account. That friend will receive the $50 as well. There is no limit to how much you can make here.

If I already didn’t have a tradeking account, you bet I would be in on this one!

This offer expires June 3, 2010.

1. Send a $50 TradeKing Referral To:
2. Your Email Address:(valid email required)

 

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(note: your email is not used for anything other than sending you the referral email)

Go to the Tradeking Promotions page for more details.

I also have a Tradeking Review out there if you are interested in reading about my experiences with them.

$64.62 LendingClub Bonus

If you are looking to start getting into the P2P (person to person) lending game, LendingClub is offering a $64.62 bonus when you open a new account and start investing. They came up with that amount since they say that banks made $6.462 billion last quarter, so they are offering you a piece of that.

If you have read my previous posts I have been burned doing p2p loans through Prosper.com.

LendingClub has always prided themselves in having a stronger review process. I have a few loans with LendingClub and believe it or not they are all current with no charge offs. I am currently earning a 9.86% return from what they tell me, which if those loans stay current isn’t that bad considering how low interest rates are. I have been debating throwing a little more money into LendingClub but Prosper has left such a bad taste in my mouth I am still on the fence.

Regardless, just remember that if you start p2p lending you are doing so at your own risk. I imagine now that the economy is turing around a bit the chance of defaults is probably much lower than what I went through.

To qualify for the $64.62 you need to open a new account through this promotion link and link a bank account. Once that is complete the bonus will be deposited into your account. You must invest that bonus into lending club loans and cannot withdraw it.

Unfortunetly the link they gave me doesn’t talk about the bonus, but here is the small print I was sent:
** The special referral bonus program begins December 3, 2009. Referrals must use your special link between 12.03.09 and 12.31.09 at midnight in order to qualify for the $64.62 bonus. The referral must complete registration as a Lending Club investor and link a bank account in order to receive the bonus funds. Bonus funds may not be withdrawn and must be invested in Lending Club notes. Funds received may be taxable, please consult with your tax advisor. Recipient is responsible for all taxes, if any, due.

And here is a screenshot of the promo info when I log into my account. Click on it for a larger photo…

$121 Bonus from ING Electric Orange Checking – Black Friday Only!

ING Direct is having a Black Friday Promtion where you can earn a $121 bonus when opening an Electric Orange Account today only.

Here is the promotional detail:

To qualify for the bonus you need to do the following….

• Open an Electric Orange checking with Reference Code EOSAVE.
• Use your Debit Card to make 3 signature transactions (you know, the ones you have to actually sign) within the first 45 days.
• On day 50, they will put $121 in your account. You have to open today to get the $121 bonus.

This is a great deal if you have not yet opened an electric orange checking account.

ING is also offering a 2% 12 Month CD which is also a great rate considering how low interest rates are currently

Free $10 Amazon.com Giftcard from Coinstar

Coinstar, the self service coin counting machines, always has let you exchange your coins for free when you selected a gift card rather than cash. Well now, through December 6th 2009 when you exchange at least $40 into an Amazon.com giftcard you will also get a bonus $10 Amazon.com giftcard. That is a 25% return on your money. Amazon.com sells so much stuff that this is a no brainer.

Once you exchange the $40 or more for a gift card, just send it the bottom portion of your receipt to get your bonus card. They say it should arrive in 6-8 weeks.

Details for this promo can be found here.

Coinstar machines can be found in most grocery stores and I am now starting to see them pop up in Walmarts. Check out their Machine Locator page to see if one is close to you.

Coinstar

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