Save yourself account at TD Ameritrade

[shibabigk]

I came across this today and am wondering if this would be good for me. You make 12 monthly payments of $100 and after 12 months you get a bonus of $100. The money is kept in a brokerage account. How safe is this? Is it possible to end up with less that what you put in the account? Sorry for all the questions, trying to get the hang of all of this.

Thanks!

[aurielle]

I opened one of these accounts a couple years ago back when you only had to put $50/month in to get the bonus and their interest rate was like 4% (double bonus ).

I had no problems at all and got my bonus about a month after I completed the 12 months. The money is deposited into their sweep account which is a money market account so you're not going to lose anything.

Just make sure to follow the instructions on how to open the account carefully and make your deposit every month on time and you should have no problems. If worse comes to worse and you have an emergency and need the money, you can withdraw it. You only lose the $100 bonus so there is no downside to opening one of these accounts.

Good Luck!

[fruitbowlk]

I opened mine last Oct. I Can wait to get my extra $100.

your money is protected because the FDIC insurance would cover your deposits, dollar for dollar, including principal and any accrued interest, up to the insurance limit.

[FrugalTexan75]

I also opened an account with TD Ameritrade when they only required $50/month for the bonus. 12 months and 2 weeks after making my first deposit, I had the $100 bonus.

[xpirtdesign]

wait so sorry i have no idea what this is so you make a hundred dollars a year or every deposit?

[fruitbowlk]

wait so sorry i have no idea what this is so you make a hundred dollars a year or every deposit?

Suze Orman's Save Yourself Plan at TD AMERITRADE

[Broken Arrow]

Interesting tidbit, but the offer is only valid for a non-retirement account.

[fruitbowlk]

Interesting tidbit, but the offer is only valid for a non-retirement account.

She's coming up with this. Not sure of the details.

Save yourself Retirement program.

You’ve asked for it . . . now you’ve got it: a revolutionary retirement program that brings together my retirement education information, helpful online tools and support – and a special offer from TD AMERITRADE.

No matter if you have a little or a lot to invest, everything you may need to get going is included in my new Save Yourself Retirement Program.

Watch QVC this weekend as I reveal all the details of this extraordinary, one-of-a-kind program.

[Broken Arrow]

Kind of strange to offer a retirement program but only non-retirement accounts qualify....

[Slug]

I had my Mom do this. It all worked easily and glitch free. Easy $