Get $25 FREE for opening a savings account with 5.05% interest. - UPDATED

Paul Michael — Tue, 03 Apr 2007 03:53:32 +0000

PLEASE NOTE: Since writing this article, I've been less than overwhelmed by the support from E*Trade. After initially being told by a customer service rep that my $25 would indeed be given to me (and the good folks of Wisebread), I was recently sent en email saying I would only get it if I provide evidence of the postmark on the date of the offer I was sent. Who keeps old envelopes? Not me. So, although the account itself is a good deal, you won;t get the $25 at all. I apologise to all. Read o, but ignore the $25 deal (unless it resurfaces). What a shame E*Trade. I've been a customer only a few days and I already plan on moving over to HSBC savings, with a 6% interest rate.

[Original article follows]

5.05%. That's 6 times more than what you're most likley getting from your regular savings account, which averages around 0.84%. ~~And they're paying you $25 to make you more money!~~ I love America.

I saw a financial advisor recently and he told me about the E*trade savings account. In fact, he told me I'd be a fool not to get one. So, I looked it up. He was totally on the money (sorry, bad pun). The E*trade Financial savings account is legitimate and seriously cool. I've just opened my Complete Savings Account , and here's what did it for me:

~~A free $25 bonus for opening my account before April 30th 3007~~
NO minimum balance (my Compass account has a minimum of $500)
NO account fees. That's zero. Zip. Nada.
FREE quick transfer - withdraw or deposit funds quickly from any institution, anytime.
FDI-insurance to at least $100,000

I can't think of a quicker, easier way to make a little extra cash right now and over the next 12 months. Sure, you can invest in stocks, bonds, mutual funds. But if you're into the no risk game and just want to make one small step toward earning a lot more for your money, this is a sure thing.

Written by Paul Michael and published on Wise Bread. Read more articles from Wise Bread.

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Get $25 FREE for opening a savings account with 5.05% interest. - UPDATED