E*TRADE Savings Bank

Headquarters

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

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 Savings Bank is an FDIC insured institution located in Arlington, VA. It was founded in 2006 and has approximately $9.99 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58119
Date Established 2006
Assets $ 9.99 billion
Loans $ 842.35 million
Deposits $ 8.12 billion
Capital $ 1,846.11 million
 

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

Deposit Rates - July 24, 2021

Your Current Location: Virginia, VA 20146

 

Loan Rates - July 24, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for E*TRADE Savings 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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CashCall Mortgage
NMLS ID: 128231
2.701% 2.625%
1.00 points
$2,500 fees
$1,005 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

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BMO Harris Bank
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4.840 %
$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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Third Federal Savings and Loan
Third Federal Savings and Loan
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2.240 %
$0 Learn More
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Note to E*TRADE Savings Bank
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Branches

E*TRADE Savings 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 Savings Bank Locations


Financial Details

E*TRADE Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of E*TRADE Savings 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 Savings Bank U.S. Bank Average
0.03% 5.29%

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 March 31, 2021, E*TRADE Savings Bank had $0 in non-current loans and $631,000 in owned real estate. To cover these potential losses it had $1,846,112,000 in equity and $0 in loans loss reserves. That gives it a Texas Ratio of 0.03%.

Return on Equity
E*TRADE Savings Bank U.S. Bank Average
-1.44% 11.43%

E*TRADE Savings Bank has a Return on Equity of -1.44% versus the BestCashCow average of 11.43%. 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 Savings Bank U.S. Bank Average
18.48% 11.51%

E*TRADE Savings Bank has a Capitalization of 18.48% versus the BestCashCow average of 11.51. 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 Savings Bank Balance Sheet Analysis

As of March 31, 2021, E*TRADE Savings Bank had assets of $9,989,803,000, loans of $842,346,000, and deposits of $8,123,681,000. 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

March 31, 2021
ASSETS
Cash & Balances due from depository institutions $ 1,562.97 million
Interest-bearing balances $ 11.90 million
Total securities $ 7.24 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 842.35 million
Loan loss allowance N.A.
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.63 million
Goodwill and other intangibles $ 288.64 million
All other assets $ 35.83 million
     Total Assets $ 8.14 billion
LIABILITIES
Total deposits $ 8.12 billion
      Interest-bearing deposits $ 8.11 billion
      Deposits held in domestic offices $ 8.12 billion
      % insured (estimated) 96.72%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 20.01 million
      Total Liabilities $ 8.14 billion
      Shareholders’ Equity $ 1,846.11 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 25.33 million
Total Interest Expense $ 0.23 million
Net interest income $ 25.10 million
Provision for loan and lease losses N.A.
Total non interest income $ 7.22 million
Total non interest expense $ 41.15 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

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

Compared to other banks, E*TRADE Savings Bank’s loan portfolio does not show any specific loan specialty.

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 0.00
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 Savings Bank

Branches and Savings

Is E*trade Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58119.

Why does E*trade Savings 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 Savings Bank CD rates not competitive?

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

Is E*trade Savings Bank a commercial bank?

Yes

Where are E*trade Savings Bank locations?

See branch locations nearby.

Is E*trade Savings Bank open on Saturdays?

Is E*trade Savings Bank open on Sundays?

What time does E*trade Savings Bank open?

What time does E*trade Savings Bank close?

Are E*trade Savings Bank ATMs Open 24/7?

Do E*trade Savings Bank ATMs accept cash deposits?

Can E*trade Savings Bank customers use other ATMs?

Do E*trade Savings Bank branches have notaries?

Will E*trade Savings Bank notarize my document?

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

Will the E*trade Savings Bank branch print checks?

Do E*trade Savings Bank checks expire?

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

Can E*trade Savings Bank close my account?

Does E*trade Savings Bank Report to credit bureaus?

Does E*trade Savings Bank Use Equifax?

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

What is E*trade Savings Bank's SWIFT code?

Products

Does E*trade Savings Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does E*trade Savings Bank offer personal loans?

Compare personal loan rates here.

Does E*trade Savings Bank offer student loans?

Will E*trade Savings Bank cash a check?

Will E*trade Savings Bank redeem a savings bond?

Does E*trade Savings Bank cash savings bonds?

Will E*trade Savings Bank cash money orders?

Can E*trade Savings Bank issue a money order?

Does E*trade Savings Bank do currency exchange?

Background on The Bank

Who owns E*trade Savings Bank?

How long has E*trade Savings Bank been around?

Can E*trade Savings Bank transfer to other banks?

Does E*trade Savings Bank have quick pay?

Does E*trade Savings Bank accept rolled coins?

Will E*trade Savings Bank accept loose change?

Where is E*trade Savings Bank headquarters?

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