Merrill Cash Management Account or IRA bonus: is $1,000 worth it?
What it adds over what your cash earns now, tier by tier. Change the rate to yours.
With $250,000 for 90 days, the tier that adds the most.
Yearly rate on $250,000 while it's there, bonus included.
Every tier
A smaller tier often wins: less cash away from what it earns now.
- +$100$20,000$100 bonus · 90 days
- +$200$50,000$200 bonus · 90 days
- +$400$100,000$400 bonus · 90 days
- +$1,000$250,000Best for you$1,000 bonus · 90 days
The math
Compared with leaving $250k at 4.15%
Deposit $250,000 in new money within 45 days · Keep $250,000 there until day 90 · Be enrolled in BofA Rewards (requires open BofA checking) as of 90 days after funding…. Verified on the bank's page Oct 10, 2026.
About this bonus
What it takes
- 1Deposit $250,000 in new money within 45 days
- 2Keep $250,000 there until day 90
- 3Be enrolled in BofA Rewards (requires open BofA checking) as of 90 days after funding…
- Ends
- No end date listed
- Where
- Nationwide
- Pays while it's there
- 4.15% a year
- Monthly fee
- None
- Cash stays
- About 90 days
- Bonus paid
- Usually within 14 days of finishing
Similar bonuses
The same kind of account, ranked by what each adds at 4.15%.
Questions
Is the Merrill Cash Management Account or IRA bonus worth it?
At 4.15%, about what T-bills or a money market fund pay (as of Oct 12, 2026), the $250,000 tier adds +$1,000: the $1,000 bonus plus $2,558 interest, minus the $2,558 that cash would have earned in 90 days. The $100,000 tier adds +$400. At a different rate the answer changes; the calculator on this page works it out for yours.
What are the requirements?
Deposit $250,000 in new money within 45 days; keep $250,000 there until day 90; be enrolled in BofA Rewards (requires open BofA checking) as of 90 days after funding…. Open nationwide.
When does it end?
No end date is listed. The terms were last checked Oct 10, 2026.