Link Stats
Added By: Jeremy
Added on: 06/14/2007 @ 8:59:51 AM
Link View Count: 600
Internets, The
Internets, The
Rate this Link
Yours:

Rated 0 times.

E Trade 5.05% Savings accounts

Sarah and I opened a CD on E-Trade a while back and when it was done they were offering a new savings accounts with 5.05% interest (which is better than most CD's you'll find at a bank.) We only have a few grand in there and from half of April and all of May we've already made almost $40. (Which doesn't sound like a lot, but it is now-a-days) You can transfer money in and out willy nilly to your "real" bank account. (There's like a 6 time per month electronic withdrawal limit, but your real bank has that too.)

If any of you has some cash laying around I'd check it out.
View External Link [us.etrade.com]
Back to Link List
vignette.bmpCarlos44ec - ...and Bob's your Uncle!
06/14/2007 @ 09:19:59 AM
 Quote this comment
no minimums and no fees? is there a catch?
Rate this comment
Yours:

Rated 0 times.
jeremy.jpgJeremy - 8953 Posts
06/14/2007 @ 09:23:30 AM
 Quote this comment
No, I don't think so. I think they take a little longer then they really need to to set up the outgoing transfers part (like maybe 7-10 business days) but odds are you aren't opening it with the intent of taking it out 3 days later (and even if you did want to you can call)

As far as I know you can open one up with a dollar.
Rate this comment
Yours:

Rated 0 times.
jeremy.jpgJeremy - 8953 Posts
06/14/2007 @ 09:28:58 AM
 Quote this comment
One catch: "Transfers are limited to $100,000 per day between other financial institutions and E*TRADE Bank and E*TRADE Securities accounts."

So I guess you'd have to do some planning around that. emoticon
Rate this comment
Yours:

Rated 0 times.
jeremy.jpgJeremy - The pig says "My wife is a slut?"
07/03/2007 @ 11:07:26 AM
 Quote this comment
I forget to update this. After verifying that I could in fact just transfer money back and forth I put some more money in the account, we made $37 in June. Scrape together the change from your piggy banks and open one of these bad boys already! emoticon

(The update I meant to make being the fact that you could in fact transfer dough in and out, along the "is there a catch" line of questioning.)
Rate this comment
Yours:

Rated 0 times.
2887.gifAlex - Ignorance is bliss to those uneducated
07/03/2007 @ 12:43:18 PM
 Quote this comment
I've had a similar thing going with citibank for maybe like 10 months or so.
Rate this comment
Yours:

Rated 0 times.
avatar2345.jpgPackOne - 1528 Posts
07/03/2007 @ 10:11:16 PM
 Quote this comment
Alex Wrote - 07/03/2007 @ 12:43:18 PM
I've had a similar thing going with citibank for maybe like 10 months or so.


Once again re-affirmation of your superior life skills.
Rate this comment
Yours:

Rated 0 times.
vignette.bmpCarlos44ec - 2078 Posts
07/06/2007 @ 08:08:32 AM
 Quote this comment
I've never been good with the finance thing- so this e-trade has 5.05%, which is good, I say... USBank has 6.99%.... the question I have is how is the interest accrued? Is it all standard? What do I look for?

For once I have some money to put away- I'd like to make it work (no-riskemoticon)
Rate this comment
Yours:

Rated 0 times.
jeremy.jpgJeremy - Broadcast in stunning 1080i
07/06/2007 @ 09:35:55 AM
 Quote this comment
What are they offering 6.99% on? Have a link?
Rate this comment
Yours:

Rated 0 times.
vignette.bmpCarlos44ec - What the F@#$ am I being arrested fo?
07/06/2007 @ 09:51:44 AM
 Quote this comment
well, the link would be:
(took link out- go to usbank.com for cd rates)
But we saw a Huge banner in the bank window saying 6.99 instead of 5... same marketing design- just different numbers.
Rate this comment
Yours:

Rated 0 times.
Carlos44ec edited this 2 times, last at 07/06/2007 10:13:07 am
jeremy.jpgJeremy - Super Chocolate Bear
07/06/2007 @ 10:03:59 AM
 Quote this comment
See those are CDs though. This Etrade thing is a savings account, they aren't "locking" your money away. Not that CD's aren't an option. Typically though banks advertise CD's as "up to" a certain %, but you only get the highest rate if you lock your money away for ages.
Rate this comment
Yours:

Rated 0 times.
face.bmpCarlos44ec - 2078 Posts
07/06/2007 @ 10:07:52 AM
 Quote this comment
ah, gotcha. It feels like monday today. Quote of the day:

"I can't brain today- I have teh Dumb"
Rate this comment
Yours:

Rated 0 times.
vignette.bmpCarlos44ec - Since 1980!
07/06/2007 @ 10:14:04 AM
 Quote this comment
nevermind
Rate this comment
Yours:

Rated 0 times.
Carlos44ec perfected this at 07/06/2007 10:14:23 am
jeremy.jpgJeremy - I believe virtually everything I read.
07/06/2007 @ 10:33:24 AM
 Quote this comment
I most certainly do not say it's a cd.

Oh, nevermind then.
Rate this comment
Yours:

Rated 0 times.
Jeremy perfected this 2 times, last at 07/06/2007 10:41:14 am
vignette.bmpCarlos44ec - 2078 Posts
07/06/2007 @ 10:48:54 AM
 Quote this comment
If I do this Etrade thing and refer you, do you get paid?

In highschool Micah refused to buy me a cheeseburger when I got him 20 bucks or something for refering him when I opened a checking acount at First Fed. Jerk!
Rate this comment
Yours:

Rated 0 times.
jeremy.jpgJeremy - Always thinking of, but never about, the children.
07/06/2007 @ 10:59:05 AM
 Quote this comment
Can you even say I referred you? As far as I know I get nothing, I just think it's a pretty good deal. Since "real" savings accounts are at like 1%.
Rate this comment
Yours:

Rated 0 times.
face.bmpCarlos44ec - "The tallest blade of grass is the first to be cut by the lawnmower."
07/06/2007 @ 11:11:50 AM
 Quote this comment
The ones I got with my Army money were only hitting 1.6, 1.7 or so in 2003/04. I think I might jump on this.

Just so I know- your financial Wiz of a Wife supports this?
Rate this comment
Yours:

Rated 0 times.
fry6beeu9.jpgJeremy - 8953 Posts
07/06/2007 @ 11:14:38 AM
 Quote this comment
Nothing gets her motor running like a good APR.
Rate this comment
Yours:

Total:

Rated 2 times.
reign_of_fire.jpgMicah - 584 Posts
07/06/2007 @ 11:33:03 AM
 Quote this comment
This really is a great deal if you have cash that you may need to access at any time. But if you want to sock it away for a while, you're way better off buying some mutual funds through vanguard. With the savings account, you're basically making up for inflation after taxes. Which is great for idle cash, but if you're using money that you want to actually put away and invest, your actual wealth isn't going to go anywhere. You can buy diversified funds that greatly minimize your risk, if that's what you're worried about.

And it was 10 dollars...and I bought you so many damn cheeseburgers I could barely afford to buy drugs and booze in college.
Rate this comment
Yours:

Rated 0 times.
vignette.bmpCarlos44ec - Knuckle Sammich
07/06/2007 @ 11:35:59 AM
 Quote this comment
I knew I'd flush out a comment from you- I know darn well it was ten bucks. Oh, and shmelsky ate all the burgers you bought me :-)

I don't want to put it away for too long, I just don't want it in checking. I shouldn't need it until next summer, but don't want it inaccessable.
Rate this comment
Yours:

Rated 0 times.
jeremy.jpgJeremy - 8953 Posts
07/06/2007 @ 11:37:57 AM
 Quote this comment
Right, this obviously isn't meant for your retirement account. It's just everyone has money that they need to have semi quick access to, and this seems to be a pretty sweet deal for that pot of money.

Any money you're looking to legitimately save for the future would be better off elsewhere.
Rate this comment
Yours:

Rated 0 times.
fry6beeu9.jpgJeremy - The pig says "My wife is a slut?"
07/06/2007 @ 11:40:20 AM
 Quote this comment
(Forget) you Chmielewski.

Which reminds me, that's probably deserving of a link too.
Rate this comment
Yours:

Rated 0 times.
vignette.bmpCarlos44ec - "Always remember that you are unique. Just like everybody else."
07/06/2007 @ 11:41:36 AM
 Quote this comment
Just take my name off of those cornball songs we "wrote"
Rate this comment
Yours:

Rated 0 times.
fry6beeu9.jpgJeremy - 1.21 Gigawatts!?!?
07/06/2007 @ 11:46:10 AM
 Quote this comment
I think you mean - "songs" we wrote.
Rate this comment
Yours:

Rated 0 times.
Leave a Comment of your very own
Name:
Comment:
Verify this code
Verify the Code in this box, or sign in, to post a comment.
click me!
There's an emoticon for how you feel!
click me!
My Files
Sign up, or login, to be able to upload files for Nutcan.com users to see.