Just got an email from e*Trade. Too bad I don’t have a $50,000 401k that I need to rollover to an IRA right now:
Here are some of the strings attached (the bold style is from me):
Investment recommendations are only available for portfolios with $50,000 – $250,000 of investable cash.
Credits for deposits of new funds or securities from accounts outside of E*TRADE will be made as follows: deposits over $250,000 receive $500; deposits between $50,000 and $249,999 receive $100; deposits between $25,000 and $49,999 receive $50. This offer is valid only for new Rollover, Traditional, and Roth IRAs, and excludes non-IRA accounts and E*TRADE Bank accounts. Deposits of new funds or securities from existing E*TRADE Bank and E*TRADE Securities accounts are not eligible for this offer. One new account promotion per customer. E*TRADE FINANCIAL Corp. associates and non-U.S. residents are not eligible. New funds or securities must remain in the account (minus any trading losses) for a minimum of 6 months or the credit may be surrendered. The credit will be made to your account within 8 weeks of account funding. We reserve the right to terminate this offer at any time. Accounts must be enrolled by April 17, 2007, the offer expiration date.