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May 6th, 2008 at 4:47 pm
My etrade “complete savings account” earned less total interest in April than in May even though the balance was $1200 higher :(
Hopefully interest rates continue to rebound. It’s much easier to feel good saving when a big chunk of interest is earned every month :).
May 7th, 2008 at 2:45 am
Hey Flexo,
Thanks for the update. Increasing the rate costs etrade money, so I am wondering why they did it in light of the Feds recent interest rate cuts. I almost think that given how small the rate increase is, they must be doing it for marketing purposes – e.g. they may want to say that that they offer the highest interest rates, etc. etc.
May 7th, 2008 at 7:12 am
Hey,
I got an e-mail from Etrade, too. It’s sure beating the hell out of my Emigrant Direct account.
Considering that Etrade nearly went bust a couple months back, this is probably a desperate attempt to boost net deposits.
Anyway, I likey!
May 8th, 2008 at 10:51 am
Since they can change the rates at their whim it could also be a land grab ploy. Buck the trend for a month or two and steal a bunch of customers then drop rates back into the mix with everyone else.
May 8th, 2008 at 1:07 pm
I might have to move my down payment account to ETrade…
May 14th, 2008 at 9:30 pm
It has come to my attention that Etrade has revamped its Online Trading system. New graphs, more snazzy and informative. Its a refreshing new look of your fav stocks, ETFs, mutual funds etc.
Perhaps the reason why they pushed their savings rate was simply to get new customers to their trading/brokerage accounts.