Ally Bank is running an IRA Rollover where any interested depositor could earn as much as $500. The more you deposit the more bonus you will get.
Here is how you can collect your IRA bonus:
1. Make a qualifying deposit to a new or existing Ally IRA CD or IRA online savings account between January 1, 2015 to May 31, 2015 and earn up to $500 bonus. This includes rollovers, trustee-to-trustee transfers and contributions.
The amount you will deposit will determine how much bonus you will get.
The chart below shows how much bonus you will get on your deposit:
|$25,000 – $49,999
|$50,000 – $199,999
|$200,000 OR MORE
2. You are allowed to make multiple deposits to meet the minimum deposit requirements either to your Traditional Roth and SEP IRA Plans.
3. You will be paid the matching bonus by July 31st, 2015. The amount will be deposited to your Ally IRA online savings account or IRA CD that received the last deposit transaction to reach the required deposit.
The bank requires however that qualified funds must remain on deposit until the bonus is paid. Only one bonus per new or existing customer. In other words, you cannot make any withdrawal unless the bonus has already been paid.
You can compare what Ally Bank offered here with what is offered by Scottrade. With Scottrade, you will also get the chance to earn up to $2,000 in cash bonus when you Rollover your IRA too. And, you can also get up to $600 in cash bonus with an IRA Rollover from TD Ameritrade. The choice is yours. It is just a matter of doing a little bit of research to see which among them suits your needs.