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E*Trade Rate Increase: 3.30% APY

Posted By Jim On 07/01/2008 @ 5:07 pm In Banking,Personal Finance | 1 Comment

E*Trade [3] just sent out an email notifying us that the interest rate will be increasing from 3.15% APY to 3.30% APY, effective tomorrow, July 2nd. This takes their interest rate from 6x the national average to 8x the national average. This is a better rate than both ING Direct [4] ($25 sign-up referral bonus [5]) and Emigrant Direct [6] but less than the 3.50% APY available from HSBC Direct [7], but that rate is only guaranteed through September 15th.

There’s no mention of how long this rate will be active but E*Trade is on an upward rate trend, as are other banks, and there’s no indication this is a promotional offer.

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[1] Tweet: http://twitter.com/share

[2] Email: mailto:?subject=http://www.bargaineering.com/articles/etrade-rate-increase-330-apy.html

[3] E*Trade: http://www.bargaineering.com/articles/r/etrade.php?tag=07012008rate

[4] ING Direct: http://www.bargaineering.com/articles/r/ingdirect.php?tag=07012008rate

[5] $25 sign-up referral bonus: http://www.bargaineering.com/articles/25-ing-direct-signup-promotion-bonus-serve-yourself.html

[6] Emigrant Direct: http://www.bargaineering.com/articles/r/emigrantdirect.php?tag=07012008rate

[7] HSBC Direct: http://www.bargaineering.com/articles/r/hsbcdirect.php?tag=07012008rate

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