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Heads Up: E*TRADE Bank Increasing Savings Account Interest Rate Tomorrow

This article was written by in Banking. 14 comments.


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.

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About the author

Luke Landes, also known as Flexo, is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow Luke Landes on Twitter. View all articles by .

{ 4 comments… read them below or add one }

avatar klerg

Oh, let us hope and pray…

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avatar B.B.

I’ve been keeping my Emergency fund at e*Trade for a little over a year now and have nothing but good things to say about them. The interface is easier to use than ING and much more intuitive. Security seems a little lighter, but that may be because of the overkill that ING does.

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avatar DomZ

I also have nothing but good things to say about E*TRADE for banking. If only they had referral links like ING…

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avatar Wayne

In regards to referral links, they do offer them but they have to send you an email offering it to you. I have a referral link for others, it is for $25 bonus for signing up and I get $10 for it. Similar to ING. Any interest, please let me know.

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