Merrill Edge Rollover IRA
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- Finance
$0 minimum, $0 commissions, Bank of America integration, $600 transfer bonus. Best for BofA customers.
💰 Highest transfer bonus
Initiate at merrilledge.com. Highest transfer bonus on $200K ($600) but the best value requires Bank of America Preferred Rewards (need $20K+ across BofA + Merrill).
Merrill Edge Rollover IRA offers the highest transfer bonus in this comparison ($600 on $200K). $0 minimum, $0 commissions, integration with Bank of America accounts. Preferred Rewards (free if you have $20K+ across BofA + Merrill) unlocks 25-75% bonus on credit card rewards and additional free trades. As a standalone IRA, Merrill Edge is fine but not exceptional — the value is in the BofA integration for existing BofA customers.
Pros
- $600 transfer bonus on $200K (highest)
- Bank of America integration
- Preferred Rewards multiplier on credit card rewards
Cons
- Best value requires BofA banking relationship
- Less ETF expense ratio leadership than Vanguard/Fidelity
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