eTrade.com Complete Savings Account. Just open with $1 to get $25 Bonus!!

Got this letter in the mail yesterday. Just open with $1 to get $25 Bonus!!

Isn't that a great return on a $1 investment?

$25 Bonus Here!

IMPORTANT DISCLOSURES BELOW

1 Annual Percentage Yield is effective 2/18/2007 and is subject to change. A $1 minimum deposit is required to open a new account. Withdrawal limits apply. Online statements required.

2 $25 will be credited to your Complete Savings Account within 30 days of the account being funded with a minimum deposit of $1. Payments will be reported as interest income. Accounts must be opened by February 28, 2007 to quality for the $25 offer. Must be a new account opened with new funds. Offer applies to one new account per customer. Not good with any other offer. This offer is not valid for E*TRADE FINANCIAL employees.

3 For details and important information about Quick Transfer, please click here for a listing of the limitations, restrictions and time deadlines associated with this service.

4 The Annual Percentage Yield (APY) of the Complete Savings Account as of 12/20/06 is more than 6 times the national average APY for savings accounts with balances of $25,000. Source: Informa Research Services, Inc., Calabasas, CA. www.informars.com. Although the information has been obtained from the various institutions themselves, the accuracy cannot be guaranteed.

5 National average published on 12/20/06 by Informa Research Services, Inc., Calabasas, CA. Although the information has been obtained from the various institutions themselves, the accuracy cannot be guaranteed. Competitive information obtained from www.ingdirect.com, www.bankofamerica.com and www.wellsfargo.com using New York savings account rates as of 12/20/06. Rates assume balance of $1000+.

**a little update**
You will receive your account number on the screen immediately after it's approved. Make sure you send in the signature card within 15 days or they will void your account.

sounds like a solid deal

I've had an etrade savings account for a while now
site is probably one of the best ones I've seen for managing and moving money around
customer support is very helpful over the phone and you know the bank is legit

good find
I wonder if I can open a new savings account to get this bonus

nice thank you......quick and easy...........never knew my doller could go so far

gatzdon said: Withdrawal limits apply.

Also, find out the fees associated with

1. Closing the account.
2. Getting your $26 out.

So what are the fees?

gatzdon said: Withdrawal limits apply.

Also, find out the fees associated with

1. Closing the account.
2. Getting your $26 out.
I'm not sure what you are trying to imply, but:
The withdrawal limits are the usual 6 per month.
There is no fee to close the account (unlike the money market account), but given there is no minimum balance, what's the hurry anyway?
The "quicktransfer" ACH both in and out is free.

Thats great, thanks.

Then I got nervous that this would make for a great id theft scam. Oh well, tough lesson to learn for $1.

(Still did it though)

frootmall said: gatzdon said: Withdrawal limits apply.

Also, find out the fees associated with

1. Closing the account.
2. Getting your $26 out.
I'm not sure what you are trying to imply, but:
The withdrawal limits are the usual 6 per month.
There is no fee to close the account (unlike the money market account), but given there is no minimum balance, what's the hurry anyway?
The "quicktransfer" ACH both in and out is free.

Thanks,

sorry for being paranoid, but never had an e-trade account. I know what the norm is, but there is nothing that requires a company to disclose up front when they deviate from the norm, hence my inquiry.

Looks like I'll be making an easy $25 too.

Thanks again.

hard inquiry or not?

Complete Savings Account
--------------------------------------------------------------------------------
Rate information: Your interest rate and annual percentage yield may change at any time. Please see the "Current Yields" disclosure for information regarding this account's current interest rates and corresponding annual percentage yields.

Compounding and crediting frequency: Interest is compounded daily. Interest will compound from the date of deposit to the last full day before the date of withdrawal. Interest will be credited to your account on a monthly basis. If you close your account before interest is credited, you will receive the accrued interest through the last full day prior to the account closure.

Minimum opening deposit: A minimum deposit of $1 is required to open this account. There is no minimum daily balance requirement.

Online statements: Complete Savings Account requires that all account statements for this and any other E*TRADE Bank account (as applicable) be delivered electronically. Account statements will be delivered online instead of via mail.

Transaction limitations: Withdrawal limits apply. Under Federal regulations related to these types of accounts, account holders are allowed up to six withdrawals or transfers (for example, using Quick Transfer) from their account in any calendar month. Inbound Quick Transfers are not subject to any limits. If transaction limitations are exceeded, we may close the account, or convert it to an Independent Checking account, or remove the account's transfer and draft capacity. Funds may be transferred to another Bank account by written request signed by the account holder(s), by telephone request through Bank personnel, or by Bank's 24 hour voice-activated system. See your Account Agreement for additional details.

Fees:
$15 will be assessed per each Bank check request. One Bank check request may be requested per month.
See "Additional Fees Applicable To All Accounts" for other fees that may apply

got denied

first time that's ever happened with a checking/savings/cc...hmm?

timothy86 said: amr5150 said: got denied

first time that's ever happened with a checking/savings/cc...hmm?

Maybe you messed up on entering your information?

They might do a soft credit pull, not sure. I know it said verifying information after I clicked the open account button.

If you mistyped something, maybe that is the problem? Try and call them.

it said they did a Chexsystems....not sure I even want to call for only $25.

We're Sorry...


We regret we cannot open your account at this time. Your application was processed by a reporting service that reviews various items of information we consider in evaluating an application. The information you provided in your application did not meet our requirements for approval.

In evaluating your application, a consumer reporting service provided us with information that in whole or in part influenced our decision. This service did not make the decision to decline your account application and is unable to provide you with specific reasons why the decision was made.

You may order a copy of your consumer report online at www.chexhelp.com or you may contact ChexSystems by telephone at 1-800-428-9623, by fax at 972-241-4772 or by mail: Attn: Consumer Relations, 12005 Ford Road-Suite 600, Dallas, TX 75234-7253.

You have rights under state and federal laws. Included in these rights are:


The right to obtain a free copy of your consumer report if you make such a request to the consumer reporting agency within 60 days of your receipt of this notice.


The right to dispute the completeness or accuracy of any information contained in such report by notifying the consumer reporting agency directly of your dispute.

A pull on Chex for just a savings account? Argh! I think I'll have to pass on that... especially since some banks are pretty touchy with Chex inquiries (in the past, I missed out on a $75 bonus from WaMu because I had 2 inquiries on my ChexSystems report - no negs).

thanks op

free 25, 3 mins to fill app

gatzdon said: Don't forget to get your free Chex report if you're denied.

I went to the site mentioned in their response to me above and requested it, will it be mailed? It never indicated how they would be delivering it?

Today isn't a business day.

Thanks, OP. That was easy.

Thanks OP! Nice return on investment

Thanks, OP. Pretty easy initial app. We'll see on Wednesday, though.

StartingMoney said:
Not counting today, I am on my 5th business day of waiting for the verification deposits. It is NOT 1-2 days to open the account. They took my initial deposit from my checking account within, but it is not posted in the Savings Account as available or under a hold of any kind. It's probably best to open with as small a deposit as possible.

strange0kiddo said: What is by the 28th they still don't have my account open? Cause by how long it is taking, it might not be open by then. 1 to 2 days my butt!!!!!
That is because the initial deposit is held 5 or 10 (?) days since the funding account wasnt verified. The fact you can look in your Savings account and see it has not posted means your account has already been opened. You can do other deposits, added bank account links, etc even though the opening deposit hasnt posted yet. I know what you mean by your initial deposit not showing up anywhere within the savings account, but it will in a couple more days (and it will be dated properly too). Not sure why, but it is a transfer/deposit made outside the normal Quicktransfer system (using an unverified account) that causes this.

That sucks. Geez, with the changes on eOne at Salem Five, and Etrade really isn't that good anymore, there's definitely less competition. Definitely Etrade is now one of the worst (and I admit it used to be one of the best). That's why I closed everything with them.