Etrade Offering Up to $500 Cash To Open Account

Rate information contained on this page may have changed. Please find latest savings rates.

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.

Etrade$500CashOfferOnline brokers are stepping up in a bid to grab customers amid a volatile market.  TD Ameritrade recently came out with an offer of 30 days of free trades and $100 cash top open a brokerage account.  Now, Etrade is offering up to $500 cash for users who join its Power ETrade program.

To be eligible, you must first become a member of Power Etrade.  To qualify, you must execut at least 30 stock or options trades per quarter.  If you deposit $50,000+ at Etrade and do at least 30 trades per quarter, the price per trade is $9.99.  So, to become a Power Etrade customer you have to plan on spending a minimum of $300.  If you planned on doing a lot of trading anyway, this is no big deal. If you're a one stock a year kind of investor, this deal may not be for you.

So, assuming you become a Power Etrade customer, you then will receive the cash credit based on how much you deposit.  The schedule is below:

Deposit                                    Cash Credit

$250,000+                               $500

$100,000 -    $249,999          $250

$25,000 - $99,999                 $100

$1,000 - $24,999                   $1

I'm not even sure why they bothered with the lowest tier unless there was some regulatory requirement.

I have a regular, non-Power Etrade account and have been generally pleased with it.  In addiiton, to their brokerage account, Etrade also offers a competitive savings rate with a $1 minimum balance


E Trade Offering $25 To Open a 3.3% APY Savings Account

Rate information contained on this page may have changed. Please find latest savings rates.

Etrade is offering $25 to open a Max-Rate Savings Account. The account currently pays 3.3% APY which is competitive.

Etrade is offering $25 to open a Max-Rate Savings Account.  To get the $25 you only need to fund the account with $1.  Payments are made within 30 days of account opening.   The offer is good until December 12, 2008.  As with these types of offers, if you already have an account with Etrade, you're out of luck.  The bonus is for new customers and new money only.

The Max-Rate Savings Account pays 3.3% APY, which is competitive compares to the best savings and money market rates.

The Etrade application is very easy and you can open it electronically and then fund it via their Quick Transfer capability.  This is basically a simple process for requesting an ACH transacation to and from other financial institutions.

As a company, Etrade has experienced its share of problems.  It's currently trading at $.85, down from a 52-week high of $6.00.  It's forays into mortgages ended badly.  Bauer Financial gives it two starts (poor) for safety and soundess.  Deposits in Etrade are insured by the FDIC.

Thanks to BankDeals for pointing this offer out.

Compare E-Trade with other online brokerages here.


Open a Suze Orman Save Yourself Account at TD Ameritrade and Get $100

Rate information contained on this page may have changed. Please find latest savings rates.

Well, once you get past the mug of Suze Orman, you can decide if this account is for you. Deposit at least $100 into the account monthly for a year and at the end of the 12 months you'll receive an extra $100.

TD Ameritrade has partnered with Suze Orman to offer the Save Yourself money  market account.  They're offering a $100 if you do the following:

  • Open the account before December 31, 2008.
  • Deposit 12 monthly consecutive automatic electronic deposits of $100 or more.
  • Make the first deposit within 30 days of opening the account.

12 months after you''ve opened the account, TD Waterhouse will review it and see if you met the eligibility.  If so, the cash will be deposited into your account within 4 weeks.

The account you open is a money market deposit account, insured by the FDIC.  It is paying a 1% APY, so if you open the account, you're doing it for the $100 not for any interest you'll earn.  1% is a very low rate compared to the best savings and money market rates listed on the BestCashCow rate table.  If you deposit the minimum of $100 per month for a total of $1,200 and then receive a $100 check, you'll make a return of 8.3%.  That's not a bad return but if you don't mind going through all of the work.

Compare TD Ameritrade with other online brokerages here.