Consumerist
happy endings
Posts Tagged “
etrade
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happy endings
cancel the account
E*Trade Holds Your $3,195 Hostage
After eight months of calling and writing, Reader Brice finally annoyed E*Trade enough to close his account. At least that's what the letter from E*Trade said; in reality, Brice never received a check for his balance, and although he couldn't access his $3,195, his account is still earning interest. More »
HSBC Direct lowered its online savings account rate to 3.8%. Now my bet in moving all my money to E*TRADE, currently running at 4.4%, has paid off.
rate chasers
E*TRADE Drops Online Savings Account Rates To 4.4%
So, of course, one day after I post about how great E*TRADE's 5.05% savings rate is, it drops to 4.4%. Truth be told, that was kind of unsustainable with the federal interest rate at 3.5%. It will still probably be higher than the rates offered by the other players which have like HSBC Direct (currently 4.25%), ING Direct (currently 3.6%), and Emigrant Direct (currently 4.55%). Tears, tears.
rate chasers
Swapped Cash From HSBC Direct To E*TRADE
Today's interest rate cut means online savings accounts lovers will once again experience heartbreak as their high-interest accounts become even less so. There is still one company offering rates from the what now must be seen as halcyon days; E*TRADE's online savings accounts give you 5.05%, though it's not without caveats... More »
investments
E*Trade Is Bailed Out, But At A High Price
Citadel Investment Group has agreed to provide E*Trade with $2.5 billion in cash to bail it out of trouble, reports BusinessWeek. The cash includes a purchase of $3 billion worth of E*Trade's "toxic, asset backed securities" at 29 cents on the dollar, for a total cost of about $800 million. In exchange, E*Trade's CEO Mitch Caplan must resign. More »
It's looking like E*Trade may, in fact, go bankrupt. The stock lost more than half its value in trading today and half of E*Trade's deposits are in accounts that are above the $100,000 FDIC insurance limit—making a run on the bank more than likely. [New York Times]
banking
E*Trade: We're Not Going To Go Bankrupt, Honest
Analysts have downgraded E*Trade after the online broker announced further mortgage-related losses. E*Trade has responded with a message to their customers claiming that they could absorb a loss of $1 billion and still remain "well capitalized." Translated, the message reads, "Please, please don't pull your deposits!" More »
subprime meltdown
ETrade Exits Wholesale Mortgage Business, Warns Investors About Subprime Fallout
E*Trade is warning its investors that profits will come in 31% below estimates and that it is exiting the wholesale mortgage business and "streamlining" its direct mortgage operation due to the "disturbance in the credit markets." More »
avoiding fees
A Checking Account For People Who Rack Up Tons Of ATM Fees?
Are you one of those people who is too lazy to use their own bank's ATM, and therefore is always using ATMs that charge a fee? We noticed the other day that ETrade has a checking account where they promise to refund your ATM fees... and pay you interest. More »
money
