Discount stock brokerage OptionsHouse has a new promotion offering a free Dell 24″ monitor if you open a new account with as little as $5,000. This is actually a good deal when you work out the details (below), and in addition this is a pretty solid broker that charges $3.95 per trade and no minimum balances that I’ve mentioned in the past. They treat their existing customers well, for example I am grandfathered in at $2.95 a trade.
First, consider that a online savings account earning 1% interest on $5,000 for six months would only get you $25. With this deal, you are getting a Dell Model ST2420L LED Monitor with 1920×1080 resolution that goes for $219 on their website. If you value the monitor at only $150 that is still about 6 times as much interest. Even if you sell the new monitor easily for $100 cash, and you’ll still be getting the equivalent of 4% annual interest. Just don’t go off and buy penny stocks…
If you deposit significantly more cash, $100k or $250k, you can get a bigger monitor, but the basic $5k tier seems to offer the best overall value. You must maintain your original funding amount for 180 days. New account holders only, and IRAs don’t count. Promotion expires July 31, 2011.
1) The free Dell monitor promotion applies only to newly funded OptionsHouse customers who initially fund their account within 60 days of completing the application. To be eligible for the 24″ monitor, you must fund with $5,000 to $99,999 for a cash or margin account and use promo code DELL24
By Jonathan Ping | Deals & Offers | 4/21/11, 5:13am