My Cash Transfer Hub: E-Trade Complete Savings Account -- My Money Blog

My Cash Transfer Hub: E-Trade Complete Savings Account — My Money Blog

My Cash Transfer Hub: E-Trade Complete Savings Account April 26, 2009 By Jonathan Ping 33 Comments If you have your cash spread out across several bank accounts, whether it’s to help with chasing higher interest rates, paranoia, or saving for different goals, it can become quite a hassle to transfer money between accounts. I get asked all the time about how I juggle them all. Part of my solution is to utilize the E-Trade Complete Savings account to connect them all together. This is basically E-Trade’s version of the online savings account which I’ve had for years. From my experience, the interest rate goes up and down (it is currently a so-so 1.20% APY), but it works very well for me as my bank “transfer hub”. What are some important things to look for in such an account? Basics and Cost To start off, you’ll want a bank that offers a very low minimum balance and no monthly fees. A decent interest rate would be good,

Read full article from My Cash Transfer Hub: E-Trade Complete Savings Account — My Money Blog