I got by E-mail today a new set of Merrill offers, with the schedule below. They permit one offer for IRA and one for regular brokerage. It is not clear if your enrollment applies to both, (in which case the time limits might be a problem if you sign up now, but do not plan to fund until next year for one of them).
It is not clear why they sent the offer to me (I suspect it went to all the preferred customers of BOA). If you did not get it, the obvious thing is to call and request it.
There are several attractive features. The holding period is only 3 months, which is relatively low. It is good until April 2019, which means I could get the funds for the brokerage offer from required distributions from IRA’s for 2019, and still be free to use the money for living expenses in 2019. They sent it directly to me, so it appears good with no worries about offers previously taken this year, and their limits on what they will give annually.
Those with only limited amounts of investable funds might notice the offers start of $20,000, and as a percent of the funds invested, this is one of the most generous I have seen. It adds about 3% to the annual return from your portfolio. of $20,000.
You apparently have to have enroll in preferred rewards, but the balances deposited may make you eligible. For small accounts this may not work since they use a 3 month average and fluctuations could prevent qualifying. If you delay enrolling the average may not get the required values in time).