Comments on: E*Trade Complete Savings Account Review

By: Sheldon

Sheldon — Tue, 13 Jan 2009 18:20:11 +0000

I just opened a e-trade complete savings account a couple weeks ago. Is there anyway I can get an atm card to withdraw money whenever I feel the need. I know there is a quick transfer, but I use this account for emergencies and I want more accessibility to my money. Any suggestions? feedback is appreciated

By: Anthony

Anthony — Thu, 07 Feb 2008 04:52:50 +0000

Brian,
you can. Go to their International website

By: brain

brain — Wed, 23 Jan 2008 17:57:11 +0000

i reside in africa and was thinking recently of opening an account with with etrade. just want to know if its possible

can anyone please tell me?
any info for a non-US resident opening an offshore account would also be great

By: Kevin

Kevin — Sun, 20 Jan 2008 02:57:28 +0000

Efrain, I have an orange savings account with ING and absolutely love it. The website is sooooo easy to use. It’s simple to transfer money between that account and my checking if I need extra money, it currently earns 4.10 percent and I just couldn’t be more satisified with them.

I also, on advice of this website, opened a ROTH IRA with them and transfered the money from my Orange Savings Account. Easy as pie.

By: efrain

efrain — Sat, 19 Jan 2008 20:56:52 +0000

Do you all recommend this eTrade Complete Savings Account? I have my checking in WAMU and I was wondering if I should change my regular savings (0.25%) into an “Online Savings” which gives 4.65/4.75 rate as long as it’s connected to my checking account.

What do you guys think? or is it better to go to a place like eTrade or ING?

By: skadoo323

skadoo323 — Mon, 07 Jan 2008 18:24:03 +0000

Actually their rate dropped to 4.75 then went to 5.05 once the rumors of them going bankrupt started. Overall they have offered high rates.

By: Wombat

Wombat — Mon, 07 Jan 2008 16:52:17 +0000

“ETrade is actively promoting their online savings account since they want everyone to pour money into their bank. Even though the 5.05% won’t last, I see them as one of the companies with a higher savings yield for a while.”

Actually, I’ve had a complete savings account at 5.05% for about 6 months now, well before the so-called “mortgage crisis”. It just recently got publicized that they had 5.05% because they were rumored to go bankrupt.

By: skadoo323

skadoo323 — Sun, 06 Jan 2008 21:42:17 +0000

I’ve had both the online savings and checking accounts through ETrade since March ‘07 and have loved the site’s interface, fast transfer times, and high rates. Only downside is that some of their reps are not so helpful at times (this seems to be the case with Citibank as well). I like that you get paper checks too. The only thing bugging me has been the recent news with the company and the subprime mess. Then again several online banks offering the higher rates are in the same position (Citi, WaMu, etc.). You can open accounts instantly, which can usually be used the next business day. Best part is the ATM reimbursements. I hardly use an ATM for withdrawals, but being able to use any ATM and getting reimbursed is great. Now you can just use the closest ATM and you are set. I Think the ATM reimbursement for the one ATM use I have performed during the life of my account was reimbursed the same day.

By: Carl

Carl — Sun, 06 Jan 2008 07:49:14 +0000

I’ve switched to Countrywide SavingsLink. It’s 5.25% for balances over 10K.

By: MoneyNing

MoneyNing — Sat, 05 Jan 2008 04:15:20 +0000

ETrade is actively promoting their online savings account since they want everyone to pour money into their bank. Even though the 5.05% won’t last, I see them as one of the companies with a higher savings yield for a while.

I also have my brokerage and online bank money in there. Everything is just very easy and customer service is always great.

By: Flexo

Flexo — Fri, 04 Jan 2008 19:57:59 +0000

I’ve been thinking about opening the E*Trade savings account as well. By ESPP shares are held there anyway (until I sell them each quarter). I don’t expect that interest rate to last much longer, though.

By: Eden

Eden — Fri, 04 Jan 2008 19:11:45 +0000

That is a great rate! I have a Schwab One Source banking and brokerage account that sounds similar (the checking pays about 4.1 or 4.2 % right now) and allows for easily moving money between checking and brokerage. My plan is to use this as my long term emergency fund, but 5% sounds a lot better than 4. Time to take a look at ETrade.

By: SingleGuyMoney

SingleGuyMoney — Fri, 04 Jan 2008 18:35:29 +0000

I am a big fan of E*Trade. I have my freedom savings, rental property savings and misc savings account there. I also use them for my brokerage account. It is very easy to move money back and forth and I haven’t had any problems with them so far. Not to mention the 5.05% rate…