Silo Markets Offer

Bonus Details

Ongoing rewards, not a signup bonus: Gold earns up to 100,000 points annually; Platinum up to 500,000. Cash redemption is 1 cent per point. Platinum members are eligible for up to $1,350 in credits: Preferred Status ($750K+ account) covers Costco Executive Membership ($130/year) and American Express Gold's annual fee ($325/year); Elite Status ($1M+) additionally covers American Express Platinum's annual fee ($895/year).

How To Qualify

Open a Silo brokerage account through Interactive Brokers and subscribe to Gold or Platinum by month-end. Each month, earn one-twelfth of 0.5 points per dollar of month-end account value, capped at $200,000 for Gold or $1 million for Platinum. Minimum last-business-day values are $5,000 and $25,000, respectively; keep the account open and in good standing through crediting. Points arrive within the next month's first ten days, not at signup. Monthly cash-redemption caps are 50,000 Gold points or 100,000 Platinum points.

The Fine Print

Monthly Fees: $80
Options Trading: No
IRA Accounts: No
Account Type: Brokerage Account
Expiration Date: None Listed
Availability: Nationwide

Monthly Fee Details

Membership fees: Gold $20/month ($240/year) or Platinum $80/month ($960/year). Membership fee is required to receive points back on account balance.

Official offer terms

Source wording for the promotion. View official source Recorded Invalid Date.

Under the Platinum Rewards plan, eligible clients accrue Silo Points at an annual rate equal to 0.5x of their account’s NLV on the first $1,000,000, resulting in a maximum of 500,000 points per year. To accrue points for any month, you must maintain a minimum NLV of $25,000 as of the last business day of that month. Membership Fees and Billing ‍ The annual membership fee is $960. Any subscription that begins on or before 11:59 p.m. Pacific Time on the last day of a calendar month is eligible for a points credit in the following month, provided all other eligibility criteria are met. Membership fees are non-refundable unless Silo determines otherwise in exceptional circumstances. Each account type (Individual, Traditional IRA, Roth IRA, etc) must maintain it's own subscription to earn points. ‍ Points Accrual and Crediting ‍ Monthly points are calculated using the NLV reported by IBKR as of market close on the last business day of each month, with monthly accrual equal to the annual accrual (0.5x on $1,000,000 NLV) divided by 12; for example, a $750,000 NLV earns 375,000 points annually and is credited 31,250 points for that month. Your Silo account must be open and in good standing with IBKR at month-end and on the crediting date. Accrued points are credited to your Silo Points balance during the first ten days of the subsequent month. ‍ Redemption ‍ Silo Points are redeemable for cash at a rate of 100 points to $1, subject to a maximum cash redemption of 100,000 points per calendar month.