E*TRADE Savings Account Bonus Update

E*TRADE has a new $25 bonus for opening the Complete Savings Account. This new one is good through 8/31/2008. The terms seem to be the same as before including the requirement of only a $1 deposit to earn the $25. Here's the important small print:

$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 8/31/2008 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.

Last year I received this $25 bonus without any problems. However, several commenters have mentioned that they had to call before the bonus was credited. So be sure to record when you sign up, keep a copy of the promo page, and if you don't receive the bonus within 30 days after funding the account, be sure to call. Based on the comments in this previous ETRADE bonus post, most seem to be receiving the bonus although several still had to call.

Complete Savings Account Review

E*TRADE Complete Savings Account currently has a yield of 3.15% APY. It has no minimum balance requirements and no monthly fees. I have many more details on the Complete Savings Account in my previous E*TRADE bonus post.

A commenter in that post mentioned that E*TRADE has added a verification step for large outbound electronic transfers which involves questions from Nexus/Lexus. I've recently done small transfers out of my Complete Savings Account, and I was not required to go through this extra step.

ETRADE Bank is FDIC insured (Certificate # 30746). It has $48.2 billion in assets and $32.4 billion in deposits.

Thanks to the reader who mentioned this new bonus in the comments.