Get up to $1,950 when you switch to a Fidelity IRA

It is getting a lot better to get free money now than ever before as financial institutions try to lure more clients to do business with them. One great example is Fidelity.

Fidelity, an investment institution, is offering a cash bonus or free money to customers who want to switch to a Fidelity IRA. Every bit counts, when it comes to saving for retirement and so Fidelity has come up with an offer that will let you earn up to $1,950.

Here is how it works to get the cash bonus:

  1. You open a new Fidelity IRA or register an existing one. However, you have to take note that rollovers from workplace savings plans are not eligible for this offer.
  2. Transfer your IRA (Traditional or Roth) to Fidelity within 60 days.
  3. Fidelity will set your match rate after 60 days.
  4. When you make your annual IRA contributions, Fidelity will match those contributions up to a total of $1,950 over the next three years.

Below is a match rate table you will find on Fidelity’s website:

Your IRA transfer Your annual match
$10,000-$49,999 1.0%
$50,000-$99,999 1.5%
$100,000-$249,999 2.5%
$250,000-$499,999 5.0%
$500,000 and above 10%

All you need to do to avail of this offer is to open an Fidelity IRA account or fund an existing account you have with Fidelity. And, the more funds you put in into your IRA account, the higher the annual match rate. Compare this IRA bonus offer with TD Ameritrade’s IRA bonus offer back in 2013.

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