P.O. Box 1542
Merrifield, VA 22116-1542
1-800-ETRADE-1 (1-800-387-2331)
us.etrade.com



The value behind E*TRADE FINANCIAL's name lies in its tireless effort to challenge the old ways of doing business. They succeed in delivering a diversified and integrated portfolio of innovative, customer-focused brokerage and banking products and services by remaining true to their operating ideals and well-proven formula-regularly asking, can this be done better? By applying this level of discipline to their Retail, Corporate and Institutional businesses, they are able to deliver long-term value to their customers and to their shareholders.



Related Posts

E*Trade's Biggest Investor Wants To Sell The Company (Forum) - 7/20/2011

From CNNMoney.com: Citadel is basically fed up after E*Trade posted four years of losses and saw its stock decline 94% over the last five years. ETrade is finding its much easier to dump its bank deposits than its mortgage and loan portfolio. ETrade

Update on ETrade Bank and the Transfer of Customers' Savings Accounts - 2/24/2010

Not all of ETrade Bank's Complete Savings Account customers are being moved to Discover Bank. As I mentioned on February 9th , I and many others received an email from ETrade Bank informing us that o ...

ETrade Complete Savings Accounts to Become Discover Bank Online Savings Accounts - 2/9/2010

ETrade Bank just sent an email to its Complete Savings Account customers informing them that their accounts will be transferred to Discover Bank, and become a Discover Online Savings Account. Here's ...

ETrade Super Bowl Commercials - What Happened to ETrade Bank? - 2/8/2010

ETrade advertised heavily in yesterday's Super Bowl. They came out with more of those talking baby commercials . Did you notice that they didn't mention ETrade Bank? As you can probably tell just by ...

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See Rates for: Checking | Savings | Money Market

E*TRADE Bank Checking Account Rates

ApyMinMaxProduct
0.15%$5k-Max-Rate Checking

E*TRADE Bank Savings Account Rates

ApyMinMaxProduct
0.15%--Complete Savings Account

E*TRADE Bank Money Market Rates

ApyMinMaxProduct
0.15%$5k-Money Market Account

Rates updated: 2/8/2012

Data for Q3 2011

E*TRADE Bank consists of multiple companies with separate FDIC numbers. Click on an FDIC number to view the health for that company:

30746 - E*TRADE Bank
58119 - E*TRADE Savings Bank
32477 - E*TRADE United Bank

Institution Statistics


E*TRADE Bank
OTS #08308
05848
18000
FDIC Certificate #30746
BankRate ReportView
Year Established1933
Employees1091
Primary RegulatorOCC

Assets and Liabilities

Assets$44.44 billion
Loans$18.03 billion
Deposits$30.74 billion
Equity Capital$5.38 billion
Loan Loss Allowance$492.95 million
Unbacked Noncurrent Loans$1.19 billion
Real Estate Owned$97.88 million

Historic Data - September 2010

Assets$43.29 billion
Equity Capital$5.24 billion
Loan Loss Allowance$698.13 million
Unbacked Noncurrent Loans$1.52 billion
Real Estate Owned$135.17 million

Profit Margin - Quarterly

Net Interest Margin3.05%
Return on Assets0.66%
Return on Equity5.57%
Interest Income$1.15 billion

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 E*TRADE Bank had $1.29 billion in non-current loans and owned real-estate with $5.87 billion in equity and loan loss allowances on hand to cover it. This gives E*TRADE Bank a Texas Ratio of 21.92% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for E*TRADE Bank decreased slightly from 27.80% as of September 30, 2010 to 21.92% as of September 30, 2011, resulting in a positive change of 21.16%.This indicates that the balance sheet and financial strength for E*TRADE Bank has improved slightly in recent periods.
Deposit Growth5
In the past year, E*TRADE Bank has increased its total deposits by $1.71 billion, resulting in 5.88% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth E*TRADE Bank has shown is excellent.
Capitalization5
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. E*TRADE Bank has $44.44 billion in assets with $5.87 billion in equity, resulting in a capitalization level of 13.21%, which is excellent.
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