With some anticipating rate increases from the Federal Reserve, we might start seeing more banks increasing the interest rates offered on savings account. E*TRADE Bank is ready, and they’ve announced an increased from 3.15% to 3.30% APY starting tomorrow, July 2.
I keep my company stock purchase plan investment with E*TRADE, though not by my choice. I haven’t had any problems with the investing arm of the company. When I sell more company shares, I plan on opening an E*TRADE Bank savings account. I’ve held shares for the last nine months or so, waiting for the company’s stock to head upwards.
Updated September 17, 2011 and originally published July 1, 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.