Open a Washington Mutual IRA through WaMu Investments with as little as $250, then set up automatic monthly IRA contributions for at least $100 per month from your Washington Mutual consumer checking account—and you'll get a $100 contribution reward toward your new Retirement Made Easy IRA account.
Bonus Terms as copied from Bank's Website on 8/24/08:
*Offer is available in participating Washington Mutual locations, may not be combined with any other offer and is subject to change without notice. Employees of Washington Mutual and its affiliates are not eligible. You are not eligible if you already have or have had a Washington Mutual IRA, administered by either Washington Mutual or WaMu Investments, Inc. in the last 90 days or have previously taken advantage of a Retirement Made Easy reward offer.
Your $100 Contribution Reward will be contributed no later than 30 days after the completion of your first automatic contribution from your Washington Mutual consumer checking account to your Retirement Made Easy IRA. Your first automatic contribution must be no later than one month following plan opening. The Reward will be reported as a contribution in the year in which it is made by us, which may be different than the year in which you establish your IRA. You are responsible for ensuring that your annual contributions, including initial and subsequent contributions, automatic contributions and our Contribution Reward, do not exceed your annual contribution limit.
You are responsible for maintaining sufficient funds in your WaMu consumer checking account so the $100 minimum monthly automatic contribution from the checking account to your IRA can be completed. We'll waive the Standard Annual Maintenance Fee while you continue to make these monthly contributions. If you do not succesfully make at least 12 consecutive monthly automatic contributions immediately following establishment of your IRA from your checking account as described above: the Reward may be reversed and reported as a distribution which may have adverse tax consequences to you; and, Standard Annual Maintenance Fees, as applicable to your IRA offered through WaMu Investments, Inc. will apply going forward and there will be no proration.
Certain restrictions and conditions apply. Except as otherwise noted, all standard fees, including any termination fee, apply. Not all tax advantages may be available to you. Questions as they relate to your specific tax situation should be directed to your professional tax advisor. Washington Mutual Bank is the Trustee of Washington Mutual IRAs; certain IRAs are administered on Trustee's behalf by WaMu Investments, Inc.
