Compare E*TRADE bank products: Savings and Checking
Checking and savings positioned for market trades.
![E*TRADE E*TRADE](https://www.finder.com/niche-builder/62b21970c4ae2.png)
Individuals and businesses can open bank accounts with E*TRADE, though the platform is designed to support those focused on investing. Account options include:
However, all balances from $0 to $500,000 grow at 4.5% APY.
The 4.5% APY on E*TRADE Premium savings account is decent compared to competitors like Bank of America or Wells Fargo. But it has less variety in checking and savings account options than what you might find elsewhere.
If the stock market is often on your mind, consider the perks of banking with E*TRADE which include:
While E*TRADE’s perks might appeal to stock-market hobbyists, if you’re looking for low-touch banking or a variety of accounts to choose from, look elsewhere.
Other potential drawbacks include:
The last time E*TRADE was assessed by the FFIEC, it was rated “Satisfactory,” which means its services and ability to meet the needs of consumers is about average overall. Out of 202 complaints on the CFPB consumer complaint database, E*TRADE responded to 169 in a timely manner. So its customer service track record leaves a little to be desired.
It’s not accredited by the BBB but has an A- rating based on the thoroughness of its responses to customer complaints. However, E*TRADE is rated high on Investopedia’s 2019 Broker Survey, earning 4.5 out of 5 stars in the “Best for Beginners” category and 4 out of 5 stars in “Best Web Trading Platforms.”
Contact a customer service representative at E*TRADE through one of the following routes:
Where can I withdraw cash overseas with an E*TRADE checking account?
Use your E*TRADE debit card to withdraw cash overseas. However, E*TRADE charges a 1% transaction fee on all overseas withdrawals.
In which states does E*TRADE have branch locations?
E*TRADE’s branch locations are available in the following states:How much does it cost to order checks from E*TRADE?
You’ll get the first checkbook from E*TRADE for fee. After that, you’ll pay $8.75 each time you reorder.
What happens if I cancel my E*TRADE account early?
If you close an E*TRADE bank account within 120 days after opening it, expect to pay a $10 early closeout fee.
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