Etrade Financial Reviews

I opened up a Complete Savings Account with Etrade Financial earlier this year.  After doing some online research looking at interest rates, customer service, and account holder feedback, Etrade Financial repeatedly came out on top.

The Etrade Financial Complete Savings Account is currently earning a 3.30% Annual Percentage Yield (APY).  This is much higher than any of my local banks, and is also higher than other online banks. 

Some of the benefits of the Etrade Financial Complete Savings Account are:

Only a $1 minimum deposit to open an account.

No minimum balance required and no account...

I like the trade options in etrade, what I don't like is they lure you in with low commission rate of $7.99 and then bump it up twice to $12.99 and other hidden fees.

It also makes me loose consumer confidence when etrade stock is earning is roughly $1.20 a share and near the point of bankruptcy.  So if the company goes down will my account and money be safe?  I had to ask twice to even get an answer.  For the most part they like to dodge questions.

I have been using Etrade for two years now. I pay $12.95 trade commissions because I don't do a lot of trading. I initially transfered an account from TD Ameritrade in response to a promotion offering free trades. The free trades were only good for the first 30 days and since it took longer than that to complete the account transfer, I never had any funds for trading until AFTER the 30 day promotion ended!

The first year, my Etrade account was free except for paying my trade commissions. Because of the stock market crash, I was not doing much investing. In the second year, Etrade begins charging...