Note: As of October 28, this deal is no longer available.
E*TRADE Bank is currently offering a $25 bonus for opening a new savings account, but the promotion is ending soon. If you’re interested in earning this easy money, there are a few dates you should know:
Monday, October 27, 2008 is the deadline for opening the bank account. Your application must be submitted online by this date.
By Monday, November 10, 2008, your bank account balance must be $5,000. You don’t have to open the account with this amount of money, but the balance must be at this level or above by this date. If your balance is below $5,000 on November 10, you will not qualify for the $25 bonus. This is higher than most other requirements for a cash bonus, but ACH makes it fairly simple to move money from one bank to another.
On or before Monday, November 24, 2008, E*TRADE Bank will credit your account by $25, as long as you met the above requirements.
When you view the account opening application, look for the “$25″ bonus notification at the top right of the screen. If you don’t see it, either you missed the deadline or you’re using an incorrect link. This bonus is only available through Consumerism Commentary.
Since July 2, E*TRADE Bank’s current interest rate has yielded an annual 3.30%. If you keep $5,000 in the account for a year (which you do not have to do after qualifying for the bonus), the extra $25 effectively raises your interest rate significantly.
Updated September 2, 2011 and originally published October 22, 2008. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.