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E*TRADE Savings Account Bonus Update

POSTED ON BY

E*TRADE Bank
Update 6/21/08: For some reason, the expiration date changed on the promo page from 8/31/2008 to 12/31/2007. Here's a new promo page that shows an expiration date of 6/25/08.

E*TRADE has a new $25 bonus for opening the Complete Savings Account. This new one is good through 8/31/2008. The terms seem to be the same as before including the requirement of only a $1 deposit to earn the $25. Here's the important small print:
$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 8/31/2008 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.

Last year I received this $25 bonus without any problems. However, several commenters have mentioned that they had to call before the bonus was credited. So be sure to record when you sign up, keep a copy of the promo page, and if you don't receive the bonus within 30 days after funding the account, be sure to call. Based on the comments in this previous ETRADE bonus post, most seem to be receiving the bonus although several still had to call.

Complete Savings Account Review

E*TRADE Complete Savings Account currently has a yield of 3.15% APY. It has no minimum balance requirements and no monthly fees. I have many more details on the Complete Savings Account in my previous E*TRADE bonus post.

A commenter in that post mentioned that E*TRADE has added a verification step for large outbound electronic transfers which involves questions from Nexus/Lexus. I've recently done small transfers out of my Complete Savings Account, and I was not required to go through this extra step.

ETRADE Bank is FDIC insured (Certificate # 30746). It has $48.2 billion in assets and $32.4 billion in deposits.

Thanks to the reader who mentioned this new bonus in the comments.

  Tags: E*TRADE Bank, savings account

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Comments
6 Comments.
Comment #1 by Anonymous posted on
Anonymous
I also got this bonus without a problem. I wonder however, since I closed this account months ago, can I open a new account and get another bonus?

1
Comment #2 by Anonymous posted on
Anonymous
Nice for people willing to jump through the hoops to open an account. When I tried about 6 months ago, I had one rep tell me my photocopied US passport and my state-issued driver's license was sufficient to prove my identity. A week after I sent them, they told me they need a copy of my social security card.

1
Comment #3 by Anonymous posted on
Anonymous
Remeber to add the MAX-RATE checking account for the higher 3.25% interest rate and ATM debt card access when opening the COMPLETE SAVING account. Also there is promotion for unlimited $5 trades when open a brokage account by 6/30/08 through this link.

https://us.etrade.com/e/t/jumppage/viewjumppage?PageName=control_investments_trade_5

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Comment #4 by Anonymous posted on
Anonymous
E*Trade would not open an account for me because of a ChexSystems error (My consumer report is clean). They admitted that it was an error, but said that there is nothing they could do. Now that is amazing, because I have over $300K I can invest in another brokerage account (they completely missed my business, although I realize this is a small amount to them, and I'm sure they really don't care), I have no debt, and a FICO score of almost 800, with never any negative information on my credit score.

1
Comment #5 by Anonymous posted on
Anonymous
*lexisnexis

1
Comment #6 by Anonymous posted on
Anonymous
I was told by the "tellmemore" people that this is not a promotion they are having at this moment. Is this a false page?

1