Suze Orman's Save Yourself plan

[roadtripper]

Forgive me if this has been posted, but Suze Orman has a new thing going with TDAmeritrade, tied to her book Women and Money (someone posted here that Oprah was offering free downloads of the book, so thank you!)

Anyway, if you open a new savings acct OR Roth IRA at saveyourself dot com, and put in a minimum of 50/month, TD Ameritrade will give you 100 dollars at the end of 12 months (plus the interest earned). Good deal. The Roth is not listed in the paperwork, but it is given as an option for the promotion, and I called two times to verify that the Roth IRA is part of the promotion.

There is a code required--it's 701. I hope it's OK to give it out, since the book download was free, so the promotion is not only available to people who purchased her book.

By the way, even though the book is for women (and it's good!), I opened a Roth for DH, too. Hope this helps someone on their savings quest.

 

[tinkarooni]

I am on my last month of savings and should see the bonus $100 in April.

This info made the rounds last year at this time but hopefully someone new will see this and sign up. It was painless for me. I only saved $50.00 a month and never even noticed it. Interest rate is not all that great for the money market account but the bonus makes up for it and now I'll roll that money into somewhere else with higher interest after I get the bonus.

Good Luck!

 

[Green Tea]

I may do this. I wonder how it compares to a savings account at ING. Has anyone else do this at www.saveyourself.com I am always leary of links to banks. This is the right place?

 

[My2BabiesLexis&Dill]

Do you have to open an account with a certain amount of money? Or can you just start out with 50.00 a month? TIA

 

[nowellsl]

I also have one more month. Just set up automatic deposit for once a month, it's pretty painless.

 

[Green Tea]

is this just a money market account/no service fees? When I click on the fees section it lists all sorts of trade fees and other misc. things.

 

[Green Tea]

Can money be moved in and out of this like with ING accounts?

 

[tinkarooni]

No fees that I am aware of with this account and a small amount of interest. I had figured it out last year and it was still a better dealthat putting the money into ING because of the $100 bonus. I just opened it with $50.00 with auto deduct for one year of $50.00. Hardly noticed the money missing and now have a tidy little pile of $600 and some change (interest) and in April they are going to give me $100. Thank you very much.

I don't know how smoothly withdrawing the money goes, I haven't touched it all year.

 

[roadtripper]

I know you can take the money out at any time, so I would imagine it's very similar to ING, which I also have. And no, there are no fees-- all those fees on the website are for stock trades, etc. Can't believe I missed the post a year ago-- where was I? I could be cashing in now instead of next year! Anyway, if you keep your investment to 600 for the year, the extra 100 is over 15% interest-- not bad.
Thanks tinkarooni!

 

[Lynn CC]

Is there a limit to bonus of $100 per person or per household?

 

[Green Tea]

It is only on the first account.

 

[pumpkinfish]

I just read the fine-print: If you withdraw in that 12 month time frame you forfeit the $100. Just an FYI.

 

[HeyIt'sMe]

OK, I am totally confused (not unusual).

I went to www.saveyourself.com and used the 701 code to open an account. The screen stated that I a money market account would be opened. I entered my bank information to fund the initial $50 (via ACH) and got a message that my account was opened and funded. The screen also referenced the 701 promotion and re-stated the requirements.

Anyway, I logged off and went onto www.ameritrade.com and entered my the user name and password that I set up. The site is confusing to me - looks like a brokerage account. I want to set up a recurring $50 monthly deposit so I went to Portfolios & Accounts > Deposit/Withdraw > Bank Setup. But under "Add new setup" it's all wires .... I don't want wires, I want ACH. Did I totally mess something up when I set up my account? Or do I have to wait for my account to actually be funded with the initial $50 before I can set up ACHs???

 

[ctinct]

OK, I am totally confused (not unusual).

I went to www.saveyourself.com and used the 701 code to open an account. The screen stated that I a money market account would be opened. I entered my bank information to fund the initial $50 (via ACH) and got a message that my account was opened and funded. The screen also referenced the 701 promotion and re-stated the requirements.

Anyway, I logged off and went onto www.ameritrade.com and entered my the user name and password that I set up. The site is confusing to me - looks like a brokerage account. I want to set up a recurring $50 monthly deposit so I went to Portfolios & Accounts > Deposit/Withdraw > Bank Setup. But under "Add new setup" it's all wires .... I don't want wires, I want ACH. Did I totally mess something up when I set up my account? Or do I have to wait for my account to actually be funded with the initial $50 before I can set up ACHs???

Yes, I believe it is a money market account you open under the save yourself plan. My year is almost up, so I should be getting my bonus soon, and then i will be closing the account. I do remember that it was difficult to figure the whole thing out, and I agree that the site is very confusing and cluttered.

Aha! I just dug out a huge email I got after I opened my account. Maybe you will receive it, also. The ACH is set up under a page headed "Fund Your Account." The email is not clear on how to get to that page, so you may have to poke around the site a bit. Is there a search function?

 

[Green Tea]

OK, I am totally confused (not unusual).

I went to www.saveyourself.com and used the 701 code to open an account. The screen stated that I a money market account would be opened. I entered my bank information to fund the initial $50 (via ACH) and got a message that my account was opened and funded. The screen also referenced the 701 promotion and re-stated the requirements.

Anyway, I logged off and went onto www.ameritrade.com and entered my the user name and password that I set up. The site is confusing to me - looks like a brokerage account. I want to set up a recurring $50 monthly deposit so I went to Portfolios & Accounts > Deposit/Withdraw > Bank Setup. But under "Add new setup" it's all wires .... I don't want wires, I want ACH. Did I totally mess something up when I set up my account? Or do I have to wait for my account to actually be funded with the initial $50 before I can set up ACHs???

I had the option at the point you were to add a bank. Look for that, not ach. Then after you add the bank, you should be able to go back and set up monthly withdrawls

 

[HeyIt'sMe]

I'm OK now - - - I was just working too fast.

I think I went on Ameritrade too soon after enrolling and they didn't even have my account set up yet. My Balances & Positions showed $0 and my profile data wasn't populated yet. All they had was my account #.

This morning Ameritrade shows my $50 balance and when I go Deposit/Withdraw I now see an ACH option under Bank Set-up.

I was just too excited about free money! (Even if it take 12 months to get it.)

roadtripper - Thanks for posting about this offer!

 

[roadtripper]

roadtripper - Thanks for posting about this offer!

Glad it worked out for you! Don't forget to log on to your bank acct and verify the small deposits--that's how you finalize the set-up. Then, you don't need to do anything else but wait to get your money!

 

[HeyIt'sMe]

Sweeeeet!

 

[delmar411]

for anyone wondering how the rates compare to Emigrant and ING....it doesn't matter. With the $100 bonus you are getting more than 15% return in one year.

 

[HeyIt'sMe]

for anyone wondering how the rates compare to Emigrant and ING....it doesn't matter. With the $100 bonus you are getting more than 15% return in one year.

Yeah, that's what sold me!