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Upgrade to Chase Private Client get $2000 --- $250k currently required $150k balance req YMMV

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https://account.chase.com/consume...vateclient

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Total required is $150k in all accounts (IRA, Brokerage, Checking, CDs, Trusts, etc)

Keep accounts for 90 days, get $2000.


Updating to $150k new money (not $250k) as YMMV until terms are updated, verify with your local banker.
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Created 09-28-2020 at 10:48 AM by Phaenon
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This comment has been rated as unhelpful by Slickdeals users
Joined Oct 2008
L5: Journeyman
740 Posts
55 Reputation
#76
Quote from robwok
:
IRA is included. So, if you leave a job, and need to park your 401k somewhere, you can roll into an IRA, next job, you can keep it there, or roll into the new job's 401k so you can keep track of it all.

I don't se retirement account like IRA or 401K included. Where do you see it ?

Here is what is inlcuded and excldued :

Accounts that qualify for your new money deposit
Personal Checking and Savings accounts
Eligible J.P. Morgan investment accounts (opened in a Chase branch and serviced by a J.P Morgan Private Client Advisor or Financial Advisor)

Accounts that do not qualify for your new money deposit
Business Checking and Savings accounts
Any You InvestSM accounts
Any J.P. Morgan retirement accounts (such as Traditional and Roth IRAs, Keoghs, SEP and SIMPLE IRAs, and 401(k) plans)
CDs
Insurance products
Fixed and variable annuities
J.P. Morgan Fund Accounts
529 College Savings Plans
Attorney trust accounts
Client fund trust accounts
Government or Non-Profit accounts
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Joined Mar 2008
L10: Grand Master
6,370 Posts
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#77
Quote from PrincipalMember
:
Small things add up. But bad decisions cost you a lot more in lost opportunity. When you can invest 250k and get a lot more than 2k, why bother. Only way you do this deal is if you invest and get the 2k as an additional gravy.

I am pretty sure somebody will throw an annualized interest rate for this deal with FDICinsurance. Yawn - yup really good but go match that to 10%+ compounded returns invested in almost any decent etf.
You can just invest the $250k if you want. Or transfer it in as equities. It doesn't have to sit as cash. Not sure why you're bringing up this point.
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Joined May 2010
L4: Apprentice
347 Posts
104 Reputation
#78
Quote from ready2rumble
:
You can just invest the $250k if you want. Or transfer it in as equities. It doesn't have to sit as cash. Not sure why you're bringing up this point.
Exactly. People will need to talk to a financial advisor and open a "FULL-SERVICE brokerage account" (NOT a self-direct account like YouInvest) after converting their chase account over to Chase Private Client. The full-service brokerage account basically entails that you need to call your local account manager or a special 1-800 number each time you want to execute a trade. Commissions/trades are free and without fees for private client accounts. You can't execute a trade via online with a full-service brokerage account, it will have to be over the phone.

This is basically like SoFi Invest's 1% matching promo from a few months back.
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Last edited by bikerbandito October 13, 2020 at 10:12 AM.
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Joined Jul 2014
L1: Learner
15 Posts
10 Reputation
#79
You could do the 250K with cash and earn 4% for 90 days then move the 250K to You Invest for the $625 offer for 90 days.
I've heard you can't troll after hours with you invest but its zero commision.
You invest is not a qualifying account for the offer so you shouldn't set that up till after the first 90 days.
With such low yields tax sheltering might not be an issue and the wait times to reach a full service broker can be hours rather than seconds.
You could probably set up swing trade limits with a full service broker, but if you are a successful trader you know the traps.
At least you don't have to pay the monthly private client fee if you lose 100K LOL.
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