Offer Details
Written by: RJ
Requirements
- Open a new brokerage account
- Invest $20k into one of Frec’s Index offerings
- Leave funds invested for 90 days
- Bonus posts 90 days after completion
Eligibility
- Nationwide
- New customers only
Fees
- Varies based on Index chosen
- S&P 500 – 0.09%
- Fee table
Account Closure
- No rule listed
Chex
- N/A
Valid through: 12/31/26
Thoughts
Basically open an account, transfer in $20k then buy one of Frec’s Index fund offers (S&P 500 for example).
This year there seems to be a minimum balance to keep the account open. I have $250 in the account and can’t withdraw as there’s a $2k minimum to keep the account open. I’d assume you’ll be able to exit all at once or close the account to fully cash out.
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Editorial Note:
Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, vendors or companies, and have not been reviewed, approved, or otherwise endorsed by any of these entities.