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Navy Federal $100 IRA Sign Up Bonus

If you haven’t finished funding your IRAs before the tax deadline [1], here’s a quick and easy IRA bonus from Navy Federal [2].

The $100 IRA bonus is our Free Money [3] Friday.

How to Earn Your $100 Bonus

  1. Open a Navy Federal IRA [2].
  2. Deposit $50 in an IRA within 45 days after account opening.
  3. Get up to $100 bonus deposited into your new IRA account within 30 days.

Navy Federal Terms and Conditions

  • Navy Federal reserves the right to end or modify these offers at any time.
  • Only one IRA bonus per member.
  • Offer effective February 25, 2013.
  • Offer only available to members who open their first IRA account at Navy Federal during the promotional period.
  • The IRA bonus will be credited to your IRA in the form of a dividend and will not be reportable as a contribution.

More on Navy Federal

IRA Certificates. The Special EasyStart Certificate has an impressive 3.50% APY. It has a $50 minimum and $3,000 maximum. It also requires direct deposit and checking within 90 days. If you don’t want to add those options you can also get the EasyStart Certificate at 1.50% APY with a $100 minimum and no maximum.

Membership. In order to join Navy Federal Credit Union, if you aren’t already a member, you or a family member must qualify [4] as Department of Defense. However, for those of us who aren’t military and were members of USA Federal a few years ago, we are grandfathered in! If you don’t qualify and still need to fund an IRA this weekend, check out some of the other IRA sign up bonuses [3].

Funding Account. When I opened my account, the only option was to fund it through my share (savings) account since I don’t have a checking account there. I had to fund the share account first, then transfer it to the new IRA.

IRA Limits. The IRA limits [5] are across all your accounts. If you already funded your IRAs for last year, be sure to designate the current year!