It’s Friday! You know what that means… time for free money ! There’s a benefit to having 181 accounts , it’s easy to find free money among the accounts I have. Today I found one that I opened about 10 years ago for the bonus…. and they are still offering the signup bonus!
GE Interest Plus
- The account invests in corporate notes of GE (with a AAA-rating), so it is not FDIC insured.
- The current interest rate is 3%.
- The minimum investment is $500 (or $250 if you sign up for automatic investments).
- There are no maintenance fees.
For more information read the prospectus or the FAQ.
Using the account
I found it very convenient to withdraw money; they give you a checkbook. However, each check cannot be written for less than $250. You can also link the account to your checking account to make transfers.
Here is the application. You can find the $25 bonus mentioned here.
I couldn’t find any referral bonuses for this account, but you could open one individual account for yourself and one for your spouse to receive $50. You can also open custodial accounts for children.