Bank Yields

Max-Rate Checking

E*TRADE Checking

Annual percentage yield (APY)1

0.05% ($50,000+)

0.05% ($5,000—$49,999)

0.01% ($0—$4,999)

0%—E*TRADE Checking is a non-interest bearing account

Minimum monthly balance

An average monthly balance of $5,000 is required to avoid a fee. Please see the monthly fees section below to learn how to waive this fee. No account minimums are required to maintain this account

Monthly fees

$15 if your minimum account balance is not met

You can avoid the monthly fee by:

  • Maintaining a minimum average balance of $5,000 in your Max-Rate Checking Account
  • Setting up and maintaining a direct deposit of $200 or more per month (a combination of direct deposits totaling $200 does not satisfy this requirement)
  • Maintaining a combined balance of $50,000 or more in linked E*TRADE Securities, E*TRADE Bank, and employee stock plan accounts (including vested in-the-money options, stock option plan shares, Employee Stock Plan Participants shares, and released restricted stock)
  • Executing at least 30 stock or options trades during a calendar quarter in a linked E*TRADE Securities account

 

No monthly account fees

Minimum opening deposit

$100

$100

FDIC Insurance At least $250,000 At least $250,000
1. As of

Competitive yields

 

Except for fixed-rate certificates of deposit, which earn the same interest rate through maturity, the interest rate and annual percentage yield (APY) on deposits can change as often as daily, at our discretion, without prior notice to you. Information on current interest rates and APYs can be found by visiting etrade.com/ratesheet. The interest rate and the corresponding APY for all individual or trust deposits more than $10,000,000 and all commercial deposits more than $99,000 are subject to negotiation by the parties.

Calculation method

We use the daily balance method to calculate interest on accounts. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).

If a minimum average balance is required to avoid a fee, the average balance is calculated by adding the principal in the account for each day of the period, and dividing that figure by the number of days in that period.

Tiered-rate accounts

On tiered-rate accounts, we apply the interest rate for the balance tier of your end-of-day balance against the entire balance of your account. Different rates may apply to different tiers.

 

This schedule will assist you in comparing the terms of our deposit products. They are part of our Account Agreement with you.

 

We keep service fees low

 

Check reorder (standard quantity)

$8.75 per reorder ($8.25 for the E*TRADE Money Market account) 

Waived for customers who maintain a combined balance of $50,000 or more in linked E*TRADE Securities, E*TRADE Bank, and employee stock plan accounts (including vested in-the-money options, stock option plan shares, ESPP shares, and released restricted stock); or who execute at least 30 stock or options trades during a calendar quarter in their E*TRADE Securities account.

Loan Payments by Check $10 per item

Check returned for non-sufficient funds

$25 per item

Coverdraft Protection

$5 per usage

To enroll account, call us at 1-800-387-2331.

 

Digital Security ID

$25 per device

Waived for customers who maintain a combined balance of $50,000 or more in linked E*TRADE Securities, E*TRADE Bank, and employee stock plan accounts (including vested in-the-money options, stock option plan shares, ESPP shares, and released restricted stock); or who execute at least 30 stock or options trades during a calendar quarter in their E*TRADE Securities account.

Minimum balance fee

Independent Checking: $10 (Not available for new account opening) 

To avoid the monthly fee, an average monthly balance of $1,000 is required. The monthly fee is also waived for customers who maintain a minimum average balance of $5,000 in total E*TRADE Bank deposits by the end of their second statement cycle; or who maintain a combined balance of $50,000 or more in linked E*TRADE Securities, E*TRADE Bank, and employee stock plan accounts (including vested in-the-money options, stock option plan shares, ESPP shares, and released restricted stock), or who execute at least 30 stock or options trades during a calendar quarter in their E*TRADE Securities account.

 

E*TRADE Money Market: $10 (Not available for new account opening)

To avoid monthly fee, an average monthly account balance of $1,000 is required. The monthly fee is also waived for customers who maintain an average monthly balance of $5,000 in total E*TRADE Bank deposits by the end of their second statement cycle; or who maintain a combined balance of $50,000 or more in linked E*TRADE Securities, E*TRADE Bank, and employee stock plan accounts (including vested in-the-money options, stock option plan shares, ESPP shares, and released restricted stock); or who execute at least 30 stock or options trades during a calendar quarter in their E*TRADE Securities account.

 

Max-Rate Checking: $15

To avoid the monthly fee, an average monthly balance of $5,000 is required. The monthly fee is also waived for customers who set up and maintain a direct deposit of $200 or more per month (a combination of direct deposits totaling $200 does not satisfy this requirement); or who maintain a combined balance of $50,000 or more in linked E*TRADE Securities, E*TRADE Bank, and employee stock plan accounts (including vested in-the-money options, stock option plan shares, ESPP shares, and released restricted stock); or who execute at least 30 stock or options trades during a calendar quarter in their E*TRADE Securities account.

Wire transfers

$0 per incoming wire

$25 per outgoing wire (domestic or international)

A Max-Rate Checking Account lets you do more with less

Rate information:

Your interest rate and annual percentage yield (APY) may change at any time. Please visit etrade.com/ratesheet for information regarding interest rate tiers, current interest rates, and corresponding APYs.

Compounding and crediting frequency

Interest is compounded daily. Interest will compound from the date of deposit to the last full day before the date of withdrawal. Interest will be credited to your account on a monthly basis. If you close your account before interest is credited, you will receive the accrued interest through the last full day prior to the account closure.

Minimum initial deposit

A minimum initial deposit of $100 is required to open this account.

Minimum balance

The monthly fee set forth below is waived for customers who maintain an average monthly balance of $5,000 or more in their account by the end of their second statement cycle; or who set up and maintain a direct deposit of $200 or more per month (a combination of direct deposits totaling $200 does not satisfy this requirement); or who maintain a combined average monthly balance of $50,000 or more in linked E*TRADE Securities, E*TRADE Bank, and employee stock plan accounts (including vested in-the-money options, stock option plan shares, ESPP shares, and released restricted stock); or who execute at least 30 stock or options trades during a calendar quarter in their E*TRADE Securities account.

Fees

 

$15 monthly fee

If the minimum balance requirement is not met
$5 for each Coverdraft Protection transfer
$10 for each Bank check request
$8.75 For each standard check reorder, waived for customers who maintain a combined balance of $50,000 or more in linked E*TRADE Securities, E*TRADE Bank, and employee stock plan accounts (including vested in-the-money options, stock option plan shares, ESPP shares, and released restricted stock); or who execute at least 30 stock or options trades during a calendar quarter in their E*TRADE Securities accounts; or have a balance of at least $5,000 at the time the order is placed.
$10 early close out fee Will be assessed if the account is closed out within the first 120 days

Additional features

  • Unlimited domestic ATM fee refunds, regardless of account balance
  • Unlimited online bill pay
  • Unlimited debit card and check transactions
  • Free initial checkbook

E*TRADE Checking Account

 

Daily Balance

Interest Rate

Annual Percentage Yield1

$0+ 0.00% 0.00%
($100 initial deposit, non-interest-bearing account, no minimum balance required, IRA not available)

 

Max-Rate Checking Account

 

Daily Balance

Interest Rate

APY1

$0 to $4,999.99 0.01% 0.01%
$5,000 to $49,999.99 0.05% 0.05%
$50,000+ 0.05% 0.05%
($100 initial deposit, $5,000 minimum balance,2 yields subject to change daily, IRA not available)

 

Complete Savings Account (no longer available to new accounts3)

 

Daily Balance

Interest Rate

APY1

$0+ 0.01% 0.01%
($1.00 initial deposit, no minimum balance requirement, yields subject to change daily, IRA not available, online statements required)

 

E*TRADE Money Market Account (no longer available to new accounts3)

 

Daily Balance

Interest Rate

APY1

$0 to $4,999.99 0.01% 0.01%
$5,000 to $49,999.99 0.01% 0.01%
$50,000 to $99,999.99 0.01% 0.01%
$100,000+ 0.01% 0.01%
($100 initial deposit, $1,000 minimum balance,4 yields subject to change daily)

 

Daily Compounding

Deposits insured to at least $250,000 by the FDIC

1. As of 6/13/2017

2. An average monthly balance of $5,000 in this account must be maintained in order to avoid a $15 monthly fee on the account. The monthly fee is also waived for customers who set up and maintain a direct deposit of $200 or more per month (a combination of direct deposits totaling $200 does not satisfy this requirement); or who maintain a combined balance of $50,000 or more in linked E*TRADE Securities, E*TRADE Bank, and employee stock plan accounts (including vested in-the-money options, stock option plan shares, ESPP shares, and released restricted stock); or who execute at least 30 stock or options trades during a calendar quarter in their E*TRADE Securities account. Refer to the E*TRADE Bank Rate and Fee Schedule for account details or learn more about E*TRADE Bank by visiting www.etrade.com.

3. Not available for new account opening.

4. An average monthly balance of $1,000 in this account, or $5,000 in total E*TRADE Bank deposit balances, must be maintained in order to avoid a $10 monthly fee on the account(s). The monthly fee is also waived for customers who maintain a combined balance of $50,000 or more in linked E*TRADE Securities, E*TRADE Bank, and employee stock plan accounts (including vested in-the-money options, stock option plan shares, ESPP shares, and released restricted stock); or who execute at least 30 stock or options trades during a calendar quarter in their E*TRADE Securities account. Refer to the E*TRADE Bank Rate and Fee Schedule for account details or learn more about E*TRADE Bank by visiting www.etrade.com.

 
FDIC Insured
Bank deposits insured to at least $250,000 Learn more