TD Waterhouse Offers AA Miles
Jul 30, 1999, 8:17 am
#1
Original Poster
Join Date: Jan 1999
Location: Cubicle Btwn IAD & DCA
Programs: UA
Posts: 484
TD Waterhouse Offers AA Miles
From the FrequentFlier Crier
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Another Discount Broker Climbs on the Mileage Bandwagon >>>>>>>>>>>>&g t;>>>>>>>>>>>> >>>>>>>>>>>>&g t;>>>>>>> >>>>>>>>>>
Discount brokerage TD Waterhouse has announced what it calls the industry's most comprehensive customer reward program in conjunction with American Airlines.
The new program, launching in the United States on August 2nd, rewards current and new TD Waterhouse customers with AAdvantage frequent flyer miles for depositing additional assets with the firm, maintaining certain minimum balances, and adding to money market positions.
New customers receive a one-time bonus of 10,000 miles when they deposit $10,000 in cash or securities into their account. Existing customers also receive a one-time bonus of 10,000 miles when they bring at least $10,000 in new cash or securities to the firm. Customers can earn an addition 1,000 miles per year if they maintain a balance of at least $25,000 each quarter.
Customers who deposit cash from their brokerage account into the American AAdvantage Money Market Mileage Fund will earn one frequent flyer mile for every $10.
In the United States, TD Waterhouse operates the country's third-largest discount brokerage firm. Abroad, TD Waterhouse operates discount brokerage units in Canada, Australia, Hong Kong, and the United Kingdom. The firm also has plans to expand into Japan.
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Dan
>>>>>>>>>>>>&g t;>>>>>>>>>>>> >>>>>>>>>>>>&g t;>>>>>>> >>>>>>>>>>
Another Discount Broker Climbs on the Mileage Bandwagon >>>>>>>>>>>>&g t;>>>>>>>>>>>> >>>>>>>>>>>>&g t;>>>>>>> >>>>>>>>>>
Discount brokerage TD Waterhouse has announced what it calls the industry's most comprehensive customer reward program in conjunction with American Airlines.
The new program, launching in the United States on August 2nd, rewards current and new TD Waterhouse customers with AAdvantage frequent flyer miles for depositing additional assets with the firm, maintaining certain minimum balances, and adding to money market positions.
New customers receive a one-time bonus of 10,000 miles when they deposit $10,000 in cash or securities into their account. Existing customers also receive a one-time bonus of 10,000 miles when they bring at least $10,000 in new cash or securities to the firm. Customers can earn an addition 1,000 miles per year if they maintain a balance of at least $25,000 each quarter.
Customers who deposit cash from their brokerage account into the American AAdvantage Money Market Mileage Fund will earn one frequent flyer mile for every $10.
In the United States, TD Waterhouse operates the country's third-largest discount brokerage firm. Abroad, TD Waterhouse operates discount brokerage units in Canada, Australia, Hong Kong, and the United Kingdom. The firm also has plans to expand into Japan.
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Dan
Jul 30, 1999, 11:54 am
#2
Join Date: Apr 1999
Location: California
Posts: 290
That is very interesting. I am a Waterhouse's customer and I haven't see anything in either their mailing or web site. When do Waterhouse planning to inform us? Also, for their current customer, do we withdraw and redeposit securities to get the 10,000 miles bonus?
Jul 30, 1999, 12:22 pm
#3
Original Member
Join Date: May 1998
Programs: AA2MM
Posts: 1,754
It was just released from AA yesterday. Full details are on at www.amrcorp.com under corporate info and news releases.
Jul 30, 1999, 3:30 pm
#4
Join Date: Feb 1999
Location: Boston
Posts: 323
Dilbert...this looks great!.....a quick 10,000 miles for me and another for my wife! It will be interesting to see what the details are.....how long the 10,000 has to stay on deposit to get the bonus.....what the money market rate is...etc, but at first glance it looks like the tip of the month!
Jul 30, 1999, 4:45 pm
#5
Original Poster
Join Date: Jan 1999
Location: Cubicle Btwn IAD & DCA
Programs: UA
Posts: 484
No further details yet but I'm sure it will be coming shortly.
I am also interested in the detail since I had Waterhouse Securities account since early 90's. I was also wondering the same thing about withdrawing and re-depositing...
BTW so far I have been satified with its service. Waterhouse offers 4 types of money markets funds; "regular", federal govt, municipal, and AAdvangtage. The rates are good but not top rates. With AAdvantage, you get additional AA FF miles each month based on balance.
So far, AA/Waterhouse combo looks better than any other programs since it also rewards keeping the account; UA/E*Trade only gives miles when you open.
This is very interesting development since DL/Charles Schwabb bonus is no longer available (if I recall correctly). I wonder whether others will match or top this deal since it raises the bonus standard in this catergory? What about AA/Bull&Bear deal? Waterhouse's deal looks like a blockbuster compare to Bull&Bear.
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Dan
I am also interested in the detail since I had Waterhouse Securities account since early 90's. I was also wondering the same thing about withdrawing and re-depositing...
BTW so far I have been satified with its service. Waterhouse offers 4 types of money markets funds; "regular", federal govt, municipal, and AAdvangtage. The rates are good but not top rates. With AAdvantage, you get additional AA FF miles each month based on balance.
So far, AA/Waterhouse combo looks better than any other programs since it also rewards keeping the account; UA/E*Trade only gives miles when you open.
This is very interesting development since DL/Charles Schwabb bonus is no longer available (if I recall correctly). I wonder whether others will match or top this deal since it raises the bonus standard in this catergory? What about AA/Bull&Bear deal? Waterhouse's deal looks like a blockbuster compare to Bull&Bear.
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Dan
Jul 30, 1999, 6:39 pm
#6
Original Member
Join Date: May 1998
Location: Cambridge, MA
Posts: 1,433
mkpkmp, I have a Waterhouse account too, and did get something about this from them a few weeks ago (maybe with my statement? - can't really remember).
dilbert seems to have all the salient facts in his post.
dilbert seems to have all the salient facts in his post.
Aug 1, 1999, 6:08 pm
#8
Original Poster
Join Date: Jan 1999
Location: Cubicle Btwn IAD & DCA
Programs: UA
Posts: 484
TD Waterhouse now has info on its website but no further info that what's disclosed so far.
http://www.waterhouse.com/waterhouse_aa.html
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Dan
http://www.waterhouse.com/waterhouse_aa.html
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Dan
Aug 6, 1999, 6:07 pm
#10
Join Date: Apr 1999
Location: California
Posts: 290
I called Waterhouse, and they said you can get 10,000 miles for each account. Also, if you already have a Waterhouse account, you will have to withdraw and redeposit your securites to get the bonus. Waterhouse just generated a whole lot of works for itself.