Through the ever changing banking dynamics, everything is for sale. This includes bank accounts, especially to those companies who are not necessarily in the banking business. E*Trade, known as a discount brokerage firm, has a banking division which at points in recent history helped the company stay afloat. However, in a further effort to commodify, well, everything, some accounts were sold. Those online savings accounts that were not tied to brokerage accounts were sold to Discover Bank. The actual transfer of asses occurred on March 7, 2010.
I've been trying to move large amounts of money out of Smith Barney to the higher yielding online savings and CD accounts listing on this site. This week, Smith Barney made it very difficult.
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.
Online brokers are stepping up in a bid to grab customers amid a volatile market. Etrade is offering up to $500 cash for users who join its Power ETrade program.
I view myself as a risk-taker. I have always been a risk-taker in my career and in relationships. Yet, last Monday, I was abruptly confronted with a risk that I couldn't possibly take.
