Time limit on ETrade’s online savings account bonus.
For the next couple of weeks, E*Trade is offering a $25 bonus to new customers who open an online savings account by October 27 with a $5,000 minimum balance by November 10. If you meet the qualifications, you will receive the bonus by November 24. Deposits of funds from existing E*TRADE Bank and E*TRADE Securities accounts are not eligible for this offer.
More important, the 3.30% APY the online savings account is paying is very competitive. You can link external accounts to E*Trade in order to transfer your funds quickly to and from another bank and the transfer process is reportedly quick; you won’t lose any interest while your ACH deposit is in transit.
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