[Update 6/8/07: Promo is now good through 12/31/07. See post for more info.]
ETrade Bank has extended its $25 sign-up bonus on its 5.05% APY Complete Savings Account. The bonus is now available to accounts opened by April 30, 2007. I had first reported on this bonus in February. ETrade commonly does these bonus extensions, so if you ever miss one be sure to check back.
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 April 30, 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.
The nice thing about the bonus is that it only requires $1. Also, you don't have to be a new customer. Last year I had opened ETrade's Money Market Account. I applied for this Complete Savings on February 11th at the promotional page. I made sure that the initial deposit came from another bank. On March 9th, I received the $25 credit in my Complete Savings Account.
Even though the 5.05% APY isn't the best rate, E-Trade Bank has some features that make it a nice savings account. One is their online funds transfer system. You can create links online to external bank accounts. The transfers in and out are free, and the transfers are fast. From my experience the transfers complete in one day.
As for hard credit inquiries, I did not receive one when I applied for the money market account last year.
Etrade Bank is FDIC insured (Certificate # 30746).