E-Trade – An online banking opportunity
It has been recently observed that a lot of online investing companies are making a foray into banking. Today, management of finances through online banking and investing the savings through it are considered to be very convenient. In this regard, E-Trade has emerged as one of the most sought after investing websites in the internet. Under the investment category, they offer amazing savings features too. A user of E-Trade investing is presented with an E-Trade bank account that offers fair amounts of interest on the money that otherwise remains idle, while you consider various investment options. You can choose through savings, checking and CD investments.
Online savings is made very simple through E-Trade’s online savings account. There are no stringent clauses for the investor to follow. There are no deposits and no fees attached. The APY is also pretty good – it is 1.95%. You can transfer your deposits from any other account to E-Trade, and the transaction is kept free. The CD rates at E-Trade is 1.4% APY for a five-year term while, it is 0.60% for a three-month term. This is quite unlike the rates of the savings account. Then, if the investor has a balance amounting to an excess of $,5000 he stands to earn a checking account interest rate up to 0.75%. There are a diverse set of other attractive options for investors interested in online checking.