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
- Open a Navy Federal IRA [2].
- Deposit $50 in an IRA within 45 days after account opening.
- 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!