Pragmatic Finance

Fidelity appears to still have this deal going on. New customers can open a brokerage account with them and receive a $100 bonus. I had a 529 account with them before I did this and it still considered me a ‘new’ customer for the deal. You need to register through this link and then open your account within 30 days and then fund it with $10,000. You must keep the account open for 6 months to keep your bonus but this isn’t a big deal because there are no account maintenance fees if you sign up for electronic statements. After you get the bonus you can take all your money out. There is also a bonus for United Miles. I have read of people able to get both bonuses so if you are interested in double dipping and have the necessary money for both promotions you might want to call them and see.

I did this about a month ago. Opening the account is pretty easy. Only thing annoying is that it takes about a week to establish a bank account to transfer money in. Once my account was funded I received an email within a day or two confirming I had qualified for the promotion and I received the bonus several days later. I think I got my bonus within 3 to 4 days. You can then take the money out if you want or keep it in if you want to use the account. You can set the default account to fcash or one of their municipal funds that is tax free. I think they are in 3% range right now. After my funds got into the account I bought FDRXX which is a no transaction fee cash reserves fund that is paying 4.63% apy at the time of this post. I left several dollars in as I always do with accounts that I don’t want closed but you should be able to pull it all out.

This account is great if you have their investment rewards card that gives 1.5% back into your account. If you wanted to use the account for investing they seem to have some good expense ratios on index funds but they have high minimums to avoid fees. You will probably want to go elsewhere for stock purchases unless you are funding it with some major dough.