Looking for ways to grow your money? While Chase Bank Money Market Rates are a factor to consider for stable savings, savvy investors also explore opportunities to boost their investment potential right from the start. J.P. Morgan Self-Directed Investing is currently offering a compelling cash bonus for new accounts, providing an excellent incentive to jumpstart your investment journey. This promotion allows you to earn up to $700 simply by opening and funding a new account. Let’s delve into the specifics of this offer and how you can take advantage of it.
Eligibility and Offer Details
This exclusive cash promotion is limited to one per customer and applies specifically to new J.P. Morgan Self-Directed Investing accounts, including General Investment, Traditional IRA, and Roth IRA options. It’s crucial to note that to be eligible for this offer of up to $700, you must open your account through the designated promotional page. Accounts opened through a J.P. Morgan Advisor are not eligible for this particular bonus.
How to Secure Your Cash Bonus
To claim your cash bonus, follow these straightforward steps:
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Open and Fund a New Account: Initiate a new J.P. Morgan Self-Directed Investing account and deposit at least $5,000 of new money. “New money” refers to funds originating from outside of J.P. Morgan Chase & Co. or its affiliates. You can fund your account by transferring cash, securities, or rolling over existing retirement assets from another financial institution. Make sure to complete this funding within 45 days of your coupon enrollment date.
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Determine Your Bonus Tier: At the 45-day mark from your coupon enrollment, your bonus will be calculated based on the amount of new money you’ve deposited according to the following tiers:
New Money Inflows Cash Bonus $5,000 to $24,999 $50 $25,000 to $99,999 $150 $100,000 to $249,999 $325 $250,000 and above $700 -
Maintain Your Balance: Ensure that your new money balance is maintained in your account for 90 days from the coupon enrollment date. It’s important to understand that fluctuations in your balance due to trading activities or market changes will not affect your bonus eligibility.
The cash bonus will be credited to your new J.P. Morgan Self-Directed Investing account within 15 days after all requirements are successfully met.
Important Considerations
Remember that participation in this J.P. Morgan Self-Directed Investing new money bonus is limited to once per customer within a 12-month period from your last bonus coupon enrollment date. Each coupon is valid for single use only, and only one bonus is permitted per account. To receive the bonus payout, your enrolled account must remain open and unrestricted at the time of payout. Be aware that account types and other restrictions may apply. The terms of this offer are subject to change or termination without prior notice. Finally, the cash bonus you receive may be considered taxable income, and J.P. Morgan may be required to report it to the IRS. Consult with a tax advisor for any questions regarding your personal tax situation related to this bonus.
This J.P. Morgan Self-Directed Investing bonus offers a valuable opportunity to enhance your investment strategy beyond just considering Chase Bank money market rates. It provides an immediate financial boost as you begin to manage your investments.
