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Get 3.30% APY with eTrade Savings Account

Posted by Clever Dude | July 2, 2008 .

eTrade has decided to raise its interest rate on the Max-Rate Savings Account from 3.15% to 3.30% APY. That’s not too shabby compared to other online banks right now. I’ve banked with eTrade in the past, but only with CDs, not a savings account, but I’ve heard good things about their service (they’re at least on par with other online banks). Click here to open a savings account (affiliate).

As an aside, I have my Rollover IRA and Roth IRA accounts with eTrade, and I haven’t had any problems in the 3-4 years since opening each. If you’re just using the savings account to stash you cash, then I say go for the highest available rate that you can, as long as you’re not wasting time switching banks to gain a fraction of a percent.


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2 Comments so far

  1. Angie July 2, 2008 1:02 pm

    FYI: FNBO Direct (First National Bank of Omaha) has been at 3.5% since around January. Its pretty standard online savings account, although the recently added online checking (equivalent of ING’s Electric Orange). I’ve never had any problems and recommend them.

  2. sanka July 6, 2008 7:50 pm

    3.50% at HSBC Direct.

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