Comments on: ETRADE 3.15% APY + FREE $25 Signup Bonus

By: CD Rates

CD Rates — Sat, 16 Aug 2008 10:40:30 +0000

You won’t get the $25 but the rate is now 3.30%

By: C Calvin

C Calvin — Fri, 27 Jun 2008 02:50:34 +0000

Offer ended 6/25/08

By: TR

TR — Thu, 26 Jun 2008 17:13:41 +0000

They told me after opening my account the offer ended may 31

By: TR

TR — Wed, 25 Jun 2008 14:13:34 +0000

Any one not get the free 25 then email customer service and they say you don’t qualify?

By: shraz

shraz — Sat, 21 Jun 2008 00:06:53 +0000

just use the online customer service it works better.

By: BJ

BJ — Thu, 19 Jun 2008 22:43:38 +0000

Opened complete savings account last week using this promotion. Called today about my $25.00 bonus because it hasn’t been posted to my account yet. Customer service guy has never heard of the promotion. I emailed him the link but I doubt I’ll ever get the bonus. Ohhhh well….

By: chris

chris — Thu, 19 Jun 2008 13:22:03 +0000

– Meant to say that I selected “Max Rate Checking” (not “Max Rate Savings”). Again, though, it’s needlessly confusing.

By: chris

chris — Thu, 19 Jun 2008 13:20:23 +0000

You are correct, EJ. BUT, the come-on says this: “ETRADE has launched a FREE $25 bonus offer for their 3.15% APY Max Rate Savings Account.” So I went through the sign-up process and got to the screen where one selects which account and there is no “Max Rate Savings Account” listed, only Max Rate Checking and, under “Savings Accounts,” something called “Complete Savings” (NOT “Max Rate Savings”). Confused (it was late at night), I selected “Max Rate Savings,” thinking it was a savings/checking account variant. Then I read the fine print and posted the above comment. Yeah, call me stupid perhaps, but E-trade could simply write more clearly (i.e., label the account choice by the way it is advertised: “Max Rate Savings”).

By: EJ

EJ — Thu, 19 Jun 2008 05:08:46 +0000

@chris:

You’ve just posted details for the Max-Rate checking, not savings account.

This account still has no minimums and no fees. You’re looking at the wrong thing. Click the link in the story again.

By: Chris

Chris — Thu, 19 Jun 2008 02:09:29 +0000

As of 6/18/08, this deal sucks. Here’s E-Trade’s fine print:

Minimum initial deposit: A minimum initial deposit of $100 is required to open this account.

Minimum balance: The monthly fee set forth below is waived for customers who maintain an average monthly balance of $5,000 or more in their account by the end of their second statement cycle; or who set up and maintain a direct deposit of $200 or more per month (a combination of direct deposits totaling $200 does not satisfy this requirement); or who maintain a combined average monthly balance of $50,000 or more in linked E*TRADE Securities, E*TRADE Bank, and employee stock plan accounts (including vested in-the-money options, stock option plan shares, ESPP shares, and released restricted stock); or who execute at least 30 stock or options trades during a calendar quarter in their E*TRADE Securities accounts.

Fees:

1. $15 monthly fee if the minimum balance requirement is not met
2. $5 for each Coverdraft Protection transfer
3. $10 for each Bank Check request
4. $8.75 for each standard check reorder, waived for customers who maintain a combined balance of $50,000 or more in linked E*TRADE Securities, E*TRADE Bank, and employee stock plan accounts (including vested in-the-money options, stock option plan shares, ESPP shares, and released restricted stock); or who execute at least 30 stock or options trades during a calendar quarter in their E*TRADE Securities accounts.
5. $10 early closeout fee will be assessed if the account is closed out within the first 120 days
6. See “Additional Fees Applicable To All Accounts” for other fees that may apply

Additional features:

1. Unlimited domestic ATM fee refunds, regardless of account balance
2. Free unlimited online bill pay
3. Unlimited Debit card and check transactions
4. Free initial checkbook
————
As you can see, it’s not $1 to open, but $100, and you get screwed by fees unless you “maintain an average monthly balance of $5,000,” or set up direct deposit, etc. Please change this announcement Bankaholic friend, as it’s now officially part of a bait-and-switch scheme.

By: shraz

shraz — Mon, 16 Jun 2008 20:18:52 +0000

Sladowski, that’s y open a savings account with them. What I do is when a CD matures I tell them online to close it and transfer the funds to my savings account and then I can ACH to anywhere I want. E*Trade has the best online banking management, I highly consider getting their free checking and savings account.

By: sladowski

sladowski — Mon, 16 Jun 2008 15:04:45 +0000

Opened 6 month CD that just matured. Tried to close, and they wanted $25.00 to wire funds. I told them just sent it by ACH, the same way they funded the account. They refused. After some discussion, they waived the fee. Now, the receiving bank charged me $15.00 as an incoming wire fee.

Opening the acount is no problem, and ACH works just fine and is free. Why they give you such a hassle closing it is beyond me. Maybe they want to use the wire fees to fund the new promotion. From a customer’s perspective, I lost 15% of my interest due to the incoming wire fee, and if they did not waive the wire fee going out, it would have been over 40% of the interest on the CD.

Take this into account before opening the account.

By: shraz

shraz — Sun, 15 Jun 2008 23:32:36 +0000

all $1 and above earns 3.15% APY
no hard credit check for most.

By: Muni

Muni — Sat, 14 Jun 2008 15:57:32 +0000

Does ETRADE perform hard credit check for opening checking account? Will they provide 3.15% interest irrespective of balance amount?

By: bd wong

bd wong — Wed, 11 Jun 2008 11:37:03 +0000

no need for a promo code! just click the link above!

By: shraz

shraz — Wed, 11 Jun 2008 10:04:32 +0000

Tell them there is no code, that you went on the site and you click on the $25 bonus for opening a savings account instantly.

By: wayne

wayne — Wed, 11 Jun 2008 03:33:55 +0000

txed e-trade.they said promo code required for $25 bonus.anybody have code??????.where is code avalable at??????

By: shraz

shraz — Tue, 10 Jun 2008 21:04:23 +0000

there is no account closing fee.
Just use their online contact (top right corner) to request your $25bux after 30days and they will credit it.

By: t-bone

t-bone — Tue, 10 Jun 2008 17:18:52 +0000

i signed up for their last $25 bonus offer. they did not give me the $25. i had to call about 5 different times; I couldn’t even access my account online! they kept telling me their site was working properly, and that it was something I must have done wrong, but finally, on the 5th call, i talked to someone who actually spoke English and wasn’t retarded, and they figured out that my account for some reason had not been processed by their computers to access the account. They fixed THEIR mistake, and it STILL took another phone call because they still didn’t give me my $25 because of their error in processing my account. Eventually I did get the $25 but it was not easy!

By: wayne

wayne — Tue, 10 Jun 2008 16:25:42 +0000

called e-trade. the said promo code required anyone know it????