Comments on: E-Trade Bank Savings Account Review

By: Liz

Liz — Wed, 25 Feb 2009 16:46:42 +0000

I have a E-Trade account and I got an ATM card from them so I’m pretty sure new customers will still get them.

By: Island Girl

Island Girl — Wed, 25 Feb 2009 01:27:07 +0000

Does E*Trade have a saving card for withdrawal on ATMs?

By: Cheryl Washington

Cheryl Washington — Tue, 24 Feb 2009 23:55:31 +0000

My husband and I had a terrible experience with ING and pulled our money out. We have been looking at Venture Bank Direct who has a pretty high yield checking account right now. He’s been researching e*trade for us, but I’m rather stuck on my banking ways.

By: MoneyNing

MoneyNing — Tue, 24 Feb 2009 00:35:25 +0000

Melanie: I’m glad you find the bank reviews helpful and sorry to hear about your bad Chase experience! I’m still quite new to the whole FNBO interface but they do pay a higher yield currently.

I’ve been sticking with ETrade for a while now and don’t have any complaints at all so it’s hard not to recommend it. I am bias though since I’ve had the brokerage account with them for ages now and it’s been very easy.

I think the easiest thing is to setup both and then see which one you like as there are no minimum balance required. If you like both, then just put all the money into the one that has the higher yield. Once you get the hang on it, you can even setup a transfer between the two online savings accounts for times when rates change.

By: Melanie

Melanie — Tue, 24 Feb 2009 00:18:00 +0000

MoneyNing,

I’ve been reading your reviews about e*trade savings and FNBO. They’ve been so helpful. I’m currently a wamu customer but I’m planning to close my accounts now that they’re becoming chase (had a bad experience with a chase cc a few years ago that didn’t instill much confidence in their account security). Anyway, do you still like e*trade now that you’ve had it for a while? Or do you prefer FNBO? I heard that e*trade has a nice ACH system for external banks. I don’t plan to use the brokerage side. TIA!

By: Nick

Nick — Fri, 30 Jan 2009 02:19:08 +0000

Great review. I agree with the quick transfer speed from my etrade savings account to the brokerage being the best combination. When I move money back and forth, it is literally instant. It’s also nice now that etrade has one of the highest savings rate being offered anywhere too.

By: Allison

Allison — Thu, 29 Jan 2009 15:48:18 +0000

MoneyNing, Thanks for the explanation. I will stick with etrade (that’s what I will call it) or ETrade if I want to get formal!

By: MoneyNing

MoneyNing — Wed, 28 Jan 2009 04:35:44 +0000

Ross: Those banks are certainly very scary right now. It’s hard to tell how long this whole mess will take to settle down and which banks will be left standing. All I can say is to stay away from financial stocks just in case the government steps in and wipe out the shareholders.

Allison: I don’t know why there are so many names. Maybe because the official name is E*Trade (with a “*”) and since it’s a star, then everyone just adds their version of it.

By: Allison

Allison — Wed, 28 Jan 2009 04:29:48 +0000

Great review about etrade. I have an account and I always find the customer service people helpful at etrade. I highly recommend them.

Btw, why does no one make a standard for the official name? There’s e*trade, etrade, e-trade, and even e trade on the web. What’s really the right one? Does anyone even know?

By: Complete Savings

Complete Savings — Sun, 25 Jan 2009 05:41:49 +0000

Nice review. You have neatly pointed out pros and cons and the present scenario. Such blogs help in making informed decisions. Thanks for posting.

Tracy.