TD Ameritrade is offering a Suze Orman Save Yourself Promotion of $100 as sign up bonus

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TD Ameritrade is offering a Suze Orman Save Yourself Promotion of $100 as sign up bonus. This offer valid for one new (non-retirement) TD AMERITRADE account opened by 31st December, 2009 and funded by 12 monthly consecutive automatic electronic deposits of $100 or more.

http://www.saveyourself.com/aboutplan/page1.html

* First $100 must be deposited within 30 days of opening account.

* To be eligible, we must be a U.S. resident age 18 or older.

* Accounts will be reviewed 12 months from date of first qualified deposit to determine eligibility for offer.

* Should we need to withdraw the money prior to the 12-month commitment, we may withdraw all of our deposits plus interest earned. However we will forfeit the $100 bonus.

* Account must remain open with minimum funding requirements for 12 months in order to receive the $100 cash deposit. If deposit requirements have been met, please allow 4 weeks for $100 cash deposit to post to account.

* Offer is not transferable and not valid for IRAs and other tax-exempt accounts, internal transfers, current TD AMERITRADE accounts, or with other offers. Offer not valid for TD AMERITRADE Investing accounts using the Amerivest service. Offer is not valid for accounts managed by independent investment advisors and maintained by TD AMERITRADE Institutional.

* Limit one offer per client.

* Taxes related to TD AMERITRADE offers are our responsibility. This is not an offer or solicitation in any jurisdiction where TD Ameritrade is not authorized to do business.

Our cash will be held in a TD Bank USA FDIC Insured Deposit Account which is insured against bank failure by the FDIC for up to $250,000 for non-retirement accounts (under the new legislation, effective October 3, 2008, through December 31, 2009), and $250,000 for Individual Retirement Accounts ("IRAs") and certain other retirement accounts, per depositor.

"Should we need to withdraw the money prior to the 12-month commitment, we may withdraw all of our deposits plus interest earned. However we will forfeit the $100 bonus."

I'm drawing a blank on what this means.

RedCelicaGT said: "Should we need to withdraw the money prior to the 12-month commitment, we may withdraw all of our deposits plus interest earned. However we will forfeit the $100 bonus."

I'm drawing a blank on what this means.

OP re-wrote the fine print at the bottom to make it come from his POV. Here is that section:

Should you need to withdraw the money prior to the 12-month commitment, you may withdraw all of your deposits plus interest earned. However you will forfeit the $100 bonus.

phatwalletguy said: well I just found out and wanted to see if it passes the FATWALLET TEST

personally i did not apply . my only concern is what is the minimum amount needed in the account at all times ( 12 months )

Verbiage is bit sketchy . I am at work and I cannot call and be on wait.
If some one can call and find out and post that'll be greatDW and I have both done this promo a couple of times. You just open the acct, set up monthly transfers of $100 and get the $100 bonus after a year, plus a buck or two of interest. You can't withdraw the money, or they will take the bonus back, or so they say. Not great, but pretty easy.

Billywillyphant said: I would do this deal if it was a six month deal. A year is too long (for me) to wait for a $100 bonus.What if it was a 12-month CD at 16% that paid interest at maturity?

Does TD have a fee for closing an account? (Not an account transfer - just closing.)
What about credit checks?

(Just want to see if anyone knows offhand, before I spend the time looking into it.)

Has anyone yet closed an account on the $100 offer, and opened a new one?

kjgco said: sechs said: Has anyone yet closed an account on the $100 offer, and opened a new one?DW has done just that; in fact, bonus #2 just posted yesterday.And that's opening a second account on this year's offer?

I'm asking about those who opened accounts with the $100/month offer, not the old $50/month one.

Let us know how it goes.