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Etrade Offering $25 to Open Savings Account and Fund with $1

Article Submitted by: BankMan
Savings - Checking - CDs


Etrade is offering $25 to open a new online savings account and fund it with $1. The $1 minimum deposit required to receive the $25 is as low as they get.

 

Submitted: Jan 15, 2009    Views: 567    Comments: 0    Likes: 1   


Etrade is offering $25 to open a new online savings account and fund it with $1.  The $1 minimum deposit required to receive the $25 is as low as they get.  Etrade's savings account pays out a decent rate compared to the best savings rates on the BestCashCow rate table.  The bank has also received high marks for the ease of its account opening process and its money movement tools.  I have an Etrade account and have never had a problem.

As a company, Etrade is hurting.  It has received 0 out of 5 starts for safety and soundness according to Bauer Financial as of their Dec 09 bank reviews.  It's stock is trading at $1.20, down from nearly $25 two years ago.  If you decide to deposit money in Etrade, be sure to stay below FDIC insurance limits.

Compare the best savings rates on the BestCashCow rate tables.


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