A relatively new online brokerage company called Betterment is trying to entice new customers by offering them a $100 sign up bonus when you open a new brokerage account.
Betterment puts a new spin on traditional investment options. They claim to do all of the “research” for you and present you with a mixture of stocks and bonds depending on risky you want to be. Betterment claims to drive higher “long term” returns for its customers.
Additional offer terms:
You must open a new brokerage account with a minimum opening deposit of at least $1,000 within the first 60 days of opening. Betterment will deposit $100 into your account as long as you do not withdrawal the opening amount during the first 60 days.
This promotion is available only to new customers and limited to one offer per household.Betterment does not charge any transaction fees and there is no minimum balance requirement but keep in mind they do charge a management fee of .3%-.9% depending on how much you keep in the account. If you plan to be “in and out” after the first 90 days then you have nothing to worry about. If you keep the $1,000 in your account for a year you will pay a maximum of $9 per year.
Ready to apply? Check out the Betterment site HERE for the full terms and conditions of this great offer.
