Bank Rates & Fees

Every bank charges fees, but we try to keep them to a minimum

We go out of our way to help you bank more efficiently and more conveniently.
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Bank Yields

Max-Rate Checking

E*TRADE Checking

Annual Percentage Yield

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)
-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)
Execute 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

Our yields beat the national average.

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 in our "Rate Sheet" disclosure. The interest rate and the corresponding APY for all individual or trust deposits over $10,000,000 and all commercial deposits over $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 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.

Service fees are kept 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 execute at least 30 stock or options trades during a calendar quarter in their E*TRADE Securities account.

Check Returned for Non-Sufficient Funds

$25 per item

Coverdraft Protection

$5 per usage. To enroll account, send us a secure message or call us at 1-800-ETRADE-1 (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 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 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 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 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 does more with less.

Rate information:
Your interest rate and APY may change at any time. Please see the "Rate Sheet" disclosure 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:
1. $15 monthly fee if the minimum balance requirement is not met.
2. $5 for each Coverdraft Protection transfer.
3. $10 for each Bank Check request.
4. $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.
5. $10 early closeout fee will be assessed if the account is closed out within the first 120 days.
6. See Additional Service Fees Applicable To All Accounts for other fees that may apply.

Additional features:
1. Unlimited domestic ATM fee refunds, regardless of account balance
2. Unlimited online bill pay
3. Unlimited debit card and check transactions
4. Free initial checkbook