Edit: YMMV - Deal says it requires a targeted email, which I did not receive. However, I was able to get the deal by signing into my E*TRADE account. Scroll down on the first page below your account list, but above your watch list, and the deal is advertised.
E*TRADE up to 1% Savings Bonus
Key facts: - Base Interest Rate of Account is 4%, variable.
- $250/$500/$750 bonus on $25k/$50k/$75k in savings account.
- $25k/$50k/$75k must be funded within 30 days of account opening.
- Amount must be kept in account for 45 days after the initial 30 days.
- $5k average monthly balance required to waive $15 fee.
- I don't know when bonus is paid. My guess would be on the last day of the third statement cycle, around day 90-ish.
- Interest compounds daily.
- Interest paid monthly, with accrued interest paid for account closing between statements.
- Bonus is taxable, like all banking/brokerage bonuses.
- I do not know if E*TRADE files a 1099 on bonuses under $600. Most banks do, but some do not.
Note: I have used E*TRADE for a long time. They play games with their savings accounts, in that every few years, they come out with a "new high rate savings account", and anyone with the "old high rate savings account" has to switch or get screwed. I don't think that will happen in the next 120 days, since this is their "new-new HYSA", not their "old-new HYSA". I would anticipate the 4% rate to move with the market for at least the next year or so. But, one day, they will come out with a new savings account and tank this one to under 1% interest. I wouldn't keep the account long-term for that reason.
https://us.etrade.com/promo/premi...fer-063025 
13 Comments
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- Base rate is 4%
- An additional 1% paid over 90 days is roughly another 4% APY, since 90 days is 1/4 of a year.
A little higher APY if you game it by withdrawing earlier (deal requires 75 days), or deposit later (deal requires deposit before day 30, not day 1). I wouldn't try to game it that way myself.
A few month ago, I got $250 checking bonus without invitation
I got it without an email, just signing into my E*TRADE account, on first page along with my accounts.
I got it without an email, just signing into my E*TRADE account, on first page along with my accounts.
desktop or App?
thanks
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- Base rate is 4%
- An additional 1% paid over 90 days is roughly another 4% APY, since 90 days is 1/4 of a year.
A little higher APY if you game it by withdrawing earlier (deal requires 75 days), or deposit later (deal requires deposit before day 30, not day 1). I wouldn't try to game it that way myself.
Basic logic:
- The account pays 4% APY without a bonus.
- You get a 1% bonus on a $25k/$50k/$75k deposit, within 90 days.
- There are about 4 90 day cycles in a year (90x4=360, close to 365)
- So, 1% over 90 days is roughly a 4% APY for the bonus alone, without the base interest.
- 4% base interest APY + 4% bonus APY = 8% APY.
If anyone wants to do a more detailed analysis, calculating IRR based on the correct inflows and outflows, more power to them, but 8% is close enough for my purposes.
https://slickdeals.net/f/18128029-require-eligibilty-open-new-checking-account-at-etrade-and-get-300-cash-bonus-after-qualifying-direct-deposit
I think I'll hold off. Juice not worth the squeeze.
https://slickdeals.net/f/18128029-require-eligibilty-open-new-checking-account-at-etrade-and-get-300-cash-bonus-after-qualifying-direct-deposit
I think I'll hold off. Juice not worth the squeeze.
2 comments about the bonus not being paid or slow to pay and an ambiguous one. Not exactly over the top bad reviews. This is your evidence?