Comments on: E-LOAN 5.50% APY Online Savings Account

By: Mike

Mike — Mon, 10 Mar 2008 20:37:51 +0000

I’ve had a pretty good experience with ELOAN. Good website, fairly fast transactions, haven’t run across any nickel and diming me type practices. I’m pretty sure e-trade (mentioned above) is a completely different company.

My only gripe is that I opened an account with 5.25% interest and over the past 12 months I’ve been lowered to 3.5% APY. I guess that’s just how it works and it’s in their contracts that they can change it around however they want, but still kind of annoying.

By: allen stone

allen stone — Wed, 16 Jan 2008 18:54:02 +0000

E-Trade is Terrible.
Early Dec 2007 I aplied for C.D. online. Was accepted & they gVE ME ACCOUINT NUMBER & PASSWORD.I mailed check that they received as I got return receipt.They have had my money over a month.I recently received my check back. Called several people who said they would find out what happened – none of which have called me back!I have lost over $300 in interest. Have invested elsewhere. I advise you to do the same. BEWARE!

By: Brian

Brian — Thu, 23 Aug 2007 07:49:15 +0000

E-loan has absolutely the worst web maintenance ever. Their site is consistently down for “regular scheduled maintenance” 3-6 hours a DAY, every day No other major bank site is ever down. And the responses you get are nothing short of lies. I’ve been told the site is down 1 hour a night at 12am EDT. Then that maybe it is my browser. Nope, same result, 3 different computers, 2 browsers on each (firefox and IE). So, basically, you do not have access to your funds for days at a time if you happen to get some “maintenance” issues. They are holding your funds hostage to pay off all the home loans they have in default. They cannot come close to covering deposits currently with the mortgage crisis. My only concern is how long it will take the FDIC to cover my insured deposits. When a rate sounds too good to be true it is. They need the funds so desperately, they take the risk that people won’t call on them b/c the rate is so good.

By: George

George — Mon, 08 Jan 2007 15:33:17 +0000

I switched from ING to Eloan because of the 5.50%. From the start i had issues with Eloan. Moneytransfers that don’t show up; I deposit money on Monday, it takes Eloan more then 7 days to show it in your account (next tuesday). When i call i get a shady answer. Im switching back to ING. never had problems with them.. and ING just announced they have ING Checking accounts!

By: EM

EM — Sat, 06 Jan 2007 14:38:57 +0000

Yes lowered from 5.50% APY to 5.38% APY. Mean while Countrywide went from 5.25% to 5.40% APY. I am glad I did not switch accounts. While none of these rates are locked, this does seem a bit like bate and switch to me.

By: dj

dj — Tue, 26 Dec 2006 19:35:54 +0000

E-loan’s rate seems to be lower, I opened an account at 5.5 but it has fallen some

By: james

james — Thu, 14 Dec 2006 07:43:31 +0000

e-loan is great. No problem moving money into or out of the accnt. Branch of banco popular of Puerto Rico.

By: e-loan is terrible!!!

e-loan is terrible!!! — Thu, 07 Dec 2006 18:42:33 +0000

if you dont wanna lose your money, you had better not to do anything with e-loan, i put some money in it two weeks ago, and they closed my account as soon as i withdrawed it, and i still havent got my money back untill today

By: Bankaholic.com

Bankaholic.com — Sun, 19 Nov 2006 10:10:51 +0000

e-loan banking review money market

By: Bankaholic.com

Bankaholic.com — Tue, 14 Nov 2006 12:09:32 +0000

e loan bank review?

By: mary viola

mary viola — Wed, 01 Nov 2006 18:14:13 +0000

i want to open a money market account 250000 dollars i need info what is the interest rate are there any fees and a phone number would be great