E*TRADE Bank

Headquarters

671 North Glebe Road, 16th Floor
Arlington, VA 22203
See all branch locations →

Phone 800 387 2331

Notable Rates APY Vs.Others
Savings N.A. 0.65% →
1-Year CD N.A. 0.70% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

E*TRADE Bank is an FDIC insured institution located in Arlington, VA. It was founded in 1933 and has approximately $62.76 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 30746
Date Established 1933
Assets $ 62.76 billion
Loans $ 1,697.79 million
Deposits $ 54.75 billion
Capital $ 4.84 billion
 

For a more detailed analysis of E*TRADE Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - June 13, 2021

Your Current Location: Virginia, VA 20146

Checking Rates APY MIN FEE
Max-Rate Checking Account 0.05% $5,000 $15.00 Learn MoreShow Less
 

Loan Rates - June 13, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for E*TRADE Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
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AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.652% 2.625%
0.38 points
$898 fees
$1,005 Learn More
Rocket Mortgage
NMLS ID: 3030
3.339% 3.250%
0.63 points
$2,812 fees
$1,089 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
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2.240 %
$0 Learn More
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BMO Harris Bank
BMO Harris Bank
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Intro APR 1.990 %
After Intro: 4.840 %
Intro Period: 12 months
$0 Learn More
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Bethpage Federal Credit Union
Bethpage Federal Credit Union
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Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
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Note to E*TRADE Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

E*TRADE Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


E*TRADE Bank Locations


Financial Details

E*TRADE Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of E*TRADE Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
E*TRADE Bank U.S. Bank Average
6.33% 5.49%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2020, E*TRADE Bank had $300,383,000 in non-current loans and $5,840,000 in owned real estate. To cover these potential losses it had $4,835,021,000 in equity and $286,000 in loans loss reserves. That gives it a Texas Ratio of 6.33%.

Return on Equity
E*TRADE Bank U.S. Bank Average
0.67% 9.24%

E*TRADE Bank has a Return on Equity of 0.67% versus the BestCashCow average of 9.24%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
E*TRADE Bank U.S. Bank Average
7.7% 11.96%

E*TRADE Bank has a Capitalization of 7.7% versus the BestCashCow average of 11.96. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

E*TRADE Bank Balance Sheet Analysis

As of December 31, 2020, E*TRADE Bank had assets of $62,755,565,000, loans of $1,697,792,000, and deposits of $54,749,686,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 5.98 billion
Interest-bearing balances $ 5.92 billion
Total securities $ 53.30 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,697.79 million
Loan loss allowance $ 0.29 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 5.84 million
Goodwill and other intangibles $ 559.29 million
All other assets $ 1,188.82 million
     Total Assets $ 57.92 billion
LIABILITIES
Total deposits $ 54.75 billion
      Interest-bearing deposits $ 54.04 billion
      Deposits held in domestic offices $ 54.75 billion
      % insured (estimated) 79.32%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 3.17 billion
      Total Liabilities $ 57.92 billion
      Shareholders’ Equity $ 4.84 billion

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 143.19 million
Total Interest Expense $ 3.00 million
Net interest income $ 140.19 million
Provision for loan and lease losses $ 0.43 million
Total non interest income $ 36.11 million
Total non interest expense $ 151.77 million
Pre-tax Net Operating Income $ 24.10 million

Bank Loan Profile?

The top three loan types in E*TRADE Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks in Virginia, E*TRADE Bank has a significantly higher percent of 1-4 Family Residential Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 61.02
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About E*trade Bank

Branches and Savings

Is E*trade Bank FDIC insured?

Yes. It is covered under FDIC Certificate #30746.

Why does E*trade Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are E*trade Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is E*trade Bank a commercial bank?

Yes

Where are E*trade Bank locations?

See branch locations nearby.

Is E*trade Bank open on Saturdays?

Is E*trade Bank open on Sundays?

What time does E*trade Bank open?

What time does E*trade Bank close?

Are E*trade Bank ATMs Open 24/7?

Do E*trade Bank ATMs accept cash deposits?

Can E*trade Bank customers use other ATMs?

Do E*trade Bank branches have notaries?

Will E*trade Bank notarize my document?

What address for E*trade Bank should I put for incoming ACH transfers?

Will the E*trade Bank branch print checks?

Do E*trade Bank checks expire?

Does E*trade Bank require US citizenship to open account?

Can E*trade Bank close my account?

Does E*trade Bank Report to credit bureaus?

Does E*trade Bank Use Equifax?

What is E*trade Bank's ACH Routing Number?

What is E*trade Bank's SWIFT code?

Products

Does E*trade Bank offer mortgages?

Compare mortgage rates here.

Does E*trade Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does E*trade Bank offer personal loans?

Compare personal loan rates here.

Does E*trade Bank offer student loans?

Will E*trade Bank cash a check?

Will E*trade Bank redeem a savings bond?

Does E*trade Bank cash savings bonds?

Will E*trade Bank cash money orders?

Can E*trade Bank issue a money order?

Does E*trade Bank do currency exchange?

Background on The Bank

Who owns E*trade Bank?

How long has E*trade Bank been around?

Can E*trade Bank transfer to other banks?

Does E*trade Bank have quick pay?

Does E*trade Bank accept rolled coins?

Will E*trade Bank accept loose change?

Where is E*trade Bank headquarters?

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