E*Trade Financial is offering a deal of 100 free trades for opening an Individual Retirement Account (IRA). The promotional deal ends on April 15th 2009. The deal is good for E*Trade Securities Traditional, Roth or Rollover IRA accounts.
The offer of free trades is only good for the first 30 days of opening and funding your new “qualified” account. The trades include stock and options trades. You pay E-Trades standard commission rate on all trades, 12.99 per trade (there are option contact fees you also also pay). Your IRA account will be credited up to $12.99 per stock and options trade within eight weeks. You are not credited the option contract fees.
You do not have to pay an annual custodial fee for IRAs if you sign up for and maintain electronic delivery of statements and trade confirmations. If you prefer traditional mail delivery you will have to pay a $25 annual custodial fee. The fee is waived if your total assets in your linked E*TRADE Bank and E*TRADE Securities brokerage accounts are $25,000 or more.
E*Trade Financial Promo IRA Account
Author: Robert Till
February 19th, 2009
