Maximize Rewards: Bank of America Merrill Brokerage $1,000 Bonus & 2.625% Cashback with Platinum Honors
Earn up to $1,000 with Bank of America Merrill Brokerage and enjoy 2.625% cashback on all purchases with Platinum Honors. Learn how to qualify for Preferred Rewards today!
UNITED STATES
Timothy D
9/16/20252 min read
💰 Maximize Your Rewards: Bank of America's Merrill Brokerage Bonus & 2.625% Cashback
Bank of America is offering an exclusive opportunity for Preferred Rewards members to earn up to $1,000 by opening and funding a new Merrill account. This offer is valid for both new and existing individual Merrill IRAs or Cash Management Accounts (CMAs).
🏦 How to Qualify for the Merrill Brokerage Bonus
To take advantage of this offer:
Enroll: Use the offer code PR1000 when opening your new Merrill account online or provide it when speaking with a Merrill Financial Solutions Advisor at 888.637.3343 or at select Bank of America® financial centers.
Fund: Deposit at least $20,000 in qualifying net new assets within 45 days of account opening. Assets transferred from other accounts at Merrill, Bank of America Private Bank, or 401(k) accounts administered by Merrill do not count towards qualifying net new assets.
Maintain: Keep your balance for at least 90 days. This short holding period is a major benefit — you don’t have to keep funds tied up long to earn your bonus.
Earn: Depending on your qualifying net new assets, you can receive a cash reward as follows:
$20,000 to $49,999: $100
$50,000 to $99,999: $200
$100,000 to $249,999: $400
$250,000 or more: $1,000
Your one-time cash reward will be credited to your IRA or CMA within two weeks following the end of the 90-day period. If your account is enrolled in an investment advisory program, such as Merrill Edge Advisory Account, Merrill Guided Investing, or Merrill Guided Investing with an Advisor, any cash reward deposited into your account will be subject to the program fee and other terms of the investment advisory program.
💳 Unlock 2.625% Cashback with Preferred Rewards Platinum Honors
To maximize your rewards, consider enrolling in the Bank of America Preferred Rewards program. By maintaining a combined balance of at least $100,000 in eligible Bank of America and Merrill accounts, you can qualify for the Platinum Honors tier.
This tier offers a 75% rewards bonus on eligible Bank of America credit cards, effectively increasing your cashback rate to 2.625% on all purchases. Coupled with the Merrill brokerage bonus, this provides high returns without a long holding period — just 90 days to secure your cash reward.
Additional benefits of Preferred Rewards Platinum Honors include:
No Fees: Enjoy no fees on select everyday banking services.
ATM Access: Unlimited fee-free ATM transactions at non-Bank of America ATMs.
Loan Discounts: Access to discounts on home and auto loans.
Investment Discounts: Receive discounts on Merrill Guided Investing program fees.
📈 Combine the Offers for Maximum Benefit
By opening a new Merrill account and qualifying for the bonus, you can enhance your investment portfolio. At the same time, enrolling in the Preferred Rewards Platinum Honors tier allows you to earn higher cashback rates on your credit card purchases, effectively increasing your overall financial rewards.
Disclaimer: The information provided is for general informational purposes only and does not constitute financial advice. Please consult with a financial advisor to determine the best course of action for your individual circumstances.
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