I haven’t posted a bank deal in a while so I am super psyched about this one! The bank deals I do find often have quite a few rules attached (at least three purchases on a connected debit card per month, set up a direct deposit, etc). This one is a straight forward deposit and get a bonus – no strings attached!
I use sharebuilder and have been with them for quite a few years now. They have drip/automatic investments for only $4. I switch back and forth between a basic and standard account depending on how many times I plan on investing that month and they make it easy to do that. A basic account is free and works for anybody. They have no account minimums unlike many brokerages and there are no inactivity fees.
After you signup deposit $25.00 and get a $25.00 matching bonus. Unlike traditional online investment services, ShareBuilder gives investors a simple, flexible and affordable way to invest for the long-term. Opening ShareBuilder account account is easy and only takes about 10-15 minutes. You will need to have the standard information required to open any financial account, including identification, address, SSN, employer information, trading experience, financial information, etc. You have to use the banner (or the signup link) to get this deal.
ShareBuilder is unique among discount brokerages because they promote automatic investing more than day trading. The folks at ShareBuilder believe the path to wealth is by growing your shares through long term investing, automatic investments, and dividend reinvestments, not short term investments or day trading. To encourage automatic investing, ShareBuilder offers very attractive rates for automatic trades and also allows fractional share purchases, so every penny of your investment goes toward purchasing the stock.
Select your ShareBuilder account level. ShareBuilder has 3 plan options for customers. They are the Basic Plan, the Standard Plan, and the Advantage Plan. The Basic plan is free and offers $4 automatic investments, which places ShareBuilder among the least expensive options among online brokers. The Standard Plan costs $12 per month, and offers 6 free automatic investments an additional automatic investments at $2 each. The Advantage Plan is a little pricier at $20 per month, but offers 20 automatic investments with additional investments for $1 each.