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IRA match bonuses and transfer offers have grown in popularity over the past year.
For years, online brokers and investment apps have made investing affordable and convenient. They offer everything from free stock and ETF trades to roundup savings and fractional shares, and you can access it all from a desktop or mobile device.
Now those same platforms are competing fiercely for your retirement money. One way they do this is by offering a deposit bonus when you open an IRA account and transfer money from another institution or make new contributions.
However, not every broker offers these IRA match bonuses, so to help you out, we have compiled a list of the best bonuses currently available.
Robinhood Gold IRA Match: 3%
Robinhood is a popular online broker known for its commission-free stock, ETF, and crypto trading, as well as fractional share investing. If you're willing to shell out $5 each month for a Robinhood Gold subscription, you can unlock additional features, such as 5% APY on your savings, 3% cash back on purchases, and 3% IRA match.
How does the IRA match work?
If you subscribe to Robinhood Gold, you'll be eligible for a 3% match on annual contributions made to a Robinhood IRA account. If you don't want to pay for Gold, you can still get a 1% IRA match. Note that the 3% match only applies to new contributions. IRA transfers and old 401(k) rollovers only earn 1%.
Terms & Conditions*: This is a lucrative offer; however, there are some conditions you should be aware of. First of all, you must be willing to pay $5 per month for a Robinhood Gold subscription and remain a member for a full year after you make your contribution to keep the 3% subsidy.
Additionally, the funds the match was made on must remain in your Robinhood IRA account for at least 5 years, otherwise you may be subject to an early IRA match removal fee.
* Full details of the offer can be found on Robinhood.
Webull IRA Match: 3.5%
Like Robinhood, Webull is a popular online broker that offers commission-free stock and ETF trading. Webull offers Roth, rollover, and traditional IRAs with no account minimums or account fees.
How does the IRA match bonus work?
Through August 15, 2024, Webull is offering a generous IRA match bonus. When you open an IRA with Webull and transfer from an existing Roth IRA, Traditional IRA, Rollover IRA, or 401(k), Webull will add 3.5%. Additionally, all new contributions are matched at 3.5%.
Terms & Conditions*: To qualify, you must have a self-directed traditional or Roth IRA account with Webull. To receive a bonus, you must claim the offer on the offer landing page on the Webull website or mobile app. From there, make one or more qualifying deposits to your IRA account. (A qualifying deposit is a contribution or transfer from an account you hold at an institution other than Webull.) The transfer must be processed before the end of the offer period.
You must also maintain your IRA deposit balance from the period immediately following the payment of the first deposit bonus installment until the payment of the final bonus installment.
According to Webull’s website, bonuses are paid out in installments on the following dates:
Dates and amounts of deposit bonuses
- July 16, 2025 1/5 of the total deposit bonus amount
- July 16, 2026 1/5 of the total deposit bonus amount
- July 16, 2027 1/5 of the total deposit bonus amount
- July 16, 2028 1/5 of the total deposit bonus amount
- July 16, 2029 1/5 of the total deposit bonus amount
* Full details of the offer can be found on Webull.
Acorns IRA Match: 1% or 3%
Acorns is an investing and savings app known for its round-up savings feature that lets you invest your spare change. You can earn high APR on your Acorns checking and savings accounts and spend with the Mighty Oak Visa debit card. Acorns offers access to retirement savings with Roth, Traditional and SEP-IRA accounts through Acorns Later.
How does the IRA match bonus work?
Acorns offers three monthly plans to choose from: Acorns Personal ($3), Personal Plus ($6), and Premium ($12). Personal Plus features include a 1% IRA Contribution
on new IRA contributionsand Premium includes a 3% agreement.
Here's how Acorns Later Match works when you invest in your Acorns Later retirement account:
- Acorns Premium Subscribers They receive a 3% IRA match on new contributions to their Acorns Later retirement account, so if you contribute $7,000 to your Later account, you can receive a $210 match.
- Acorns Personal Plus subscribers They receive a 1% IRA match on new contributions to their Acorns Later retirement account, so if you contribute $7,000 to your Later account, you can receive a $70 match.
Terms & Conditions*: To keep the 1% or 3% grant, you must keep the funds invested in your Acorns Later account for four years.
*For full offer details visit Acorns.
SoFi Invest IRA Match: 1%
SoFi is an online financial platform that offers a wide range of banking and investment products, including checking and savings accounts, loans and mortgages, and student loans. SoFi Invest also lets you save for retirement by opening an active or automated IRA account.
How does the IRA Match Bonus Match work?
Through December 31, 2024, SoFi Invest is offering a 1% subsidy on customer ACH deposits into an existing or newly opened SoFi IRA account (automated or active).
Terms & Conditions*: Deposits must remain in the IRA account for two years after the end of the offering period. The match is available to customers who have an automated or active IRA or Roth IRA account, provided the accounts are in good standing. The match only applies to ACH deposits made during the offering period. For example, if you made a contribution in early 2024, before the offering period, it will not be eligible for the match.
*You can find all the details about the offer at SoFi.
IRA Match Bonuses: Read the Fine Print
On the surface, IRA bonuses seem like a no-brainer. After all, everyone would want a 3% boost to their retirement savings or contributions. However, you must definitely read the fine print before signing up. All of the brokers above require you to meet several conditions to secure the full bonus.
For example, Webull pays out its bonus in installments over five years, so if you sign up now, you won't receive the full amount until July 2029. And if you withdraw money from your Webull IRA during that time, you probably won't receive the full bonus.
You also have to follow different rules for transfers and deposits. Robinhood, for example, only offers the 3% match on new deposits, not transfers or rollovers. And the SoFi bonus only applies to ACH deposits—no other type of transfer is eligible.
We've done our best to explain the key terms of each offer, but we may not have caught every detail, so read the fine print on the broker's website before signing up to make sure you fully understand the offer terms.
What are the IRA contribution limits for 2024?
The contribution limits for IRAs and Roth IRAs in 2024 are as follows:
- Under 50 years: 7,000 USD
- Age 50 and older: $8,000
Note that these are combined limits for traditional and Roth IRAs, so if you have more than one IRA, you can't exceed the above amounts for all accounts. But remember that transferring an existing IRA from one provider to another won't affect your contributions.
Are IRA match bonus offers worth it?
IRA transfer bonuses can be worthwhile if you're willing to leave the funds with the brokerage firm for the required amount of time to receive the full bonus. That means you'll need to be willing to leave your retirement savings with Robinhood, Acorns, Webull, or SoFi Invest for up to five years. If not, you're probably better off turning down the offer and continuing to invest where you feel comfortable.
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