3% bonus on IRA transfer. Worth it?

rayvt

Thinks s/he gets paid by the post
Joined
Sep 2, 2007
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Robinhood is offering a 3% bonus for transferring an IRA. Transfer a $100,000 IRA and you get $3000. Clawback of part of the bonus for excess withdrawals in the first 5 years. You have to pay $50 for a 1 year Gold level.

Is this worth doing? I've been hearing about Robinhood for a long time but never opened an account there. How are they? It is certainly better than any other new account bonuses that I have seen from other brokers.

Youtube video discussing it:
 
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