[Update 6/8/07: Promo is now good through 12/31/07. See post for more info.]
ETrade Bank has just started offering a $25 sign-up bonus for its Complete Savings Account. ETrade started this Complete Savings Account last November. It has no minimum balance requirements and no monthly fees. The current yield is 5.05% APY which is the same yield it had when it launched in November.
Here's the ETrade promotional page for this bonus, and here are the details from that page with the important points highlighted:
$25 will be credited to your Complete Savings Account within 30 days of the account being funded with a minimum deposit of $1. Payments will be reported as interest income. Accounts must be opened by February 28, 2007 to quality for the $25 offer. Must be a new account opened with new funds. Offer applies to one new account per customer. Not good with any other offer. This offer is not valid for E*TRADE FINANCIAL employees.
The nice thing about this is bonus is that it only requires $1. It appears that this promotion may be available for current ETrade Bank customers who may already have an ETrade checking, money market or brokerage account.
Please refer to my ETrade's Complete Savings Account review post for more info.
If you're deciding between HSBC Direct's 6% promo or this ETrade promo, you should consider how much you intend to deposit. If it's $10K, you'll make a little less than $25 in extra interest at HSBC.
Credit for finding this promotion goes to shrazzy who mentioned it in the finding deals post. Thanks!