E-Trade Bank Max Rate Checking Account Review

E-Trade Bank Max Rate Checking Account is offered by E-Trade Bank, a financial services company founded in 1933 and based in Arlington, VA. E-Trade Bank Max Rate Checking Account is available in 50 states (and Washington, DC).

• Higher than average APY. E-Trade Bank Max Rate Checking Account has an annual percentage yield of up to 0.05%, which is higher than the national average interest rate on savings accounts.
• Charges a monthly fee. This account charges a monthly service fee of up to $15, but the fee is waived if you keep a minimum balance of $5,000, have a monthly direct deposit of $200, or $50,000 combined balance accross eligible accounts..
• No minimum initial deposit. There is no minimum balance required to open an account.
• No ATM fees. E-Trade Bank Max Rate Checking Account does not charge fees on ATM transactions.
• ATM fee reimbursements. This account will reimburse you for ATM fees (see terms and conditions for details).
• Bill pay. Pay your bills to practically anyone in the United States through E-Trade Bank.

Are checking accounts from E-Trade Bank federally insured?

Yes, your E-Trade Bank checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does etrade Bank checking account offer?

etrade Bank checking account offers an APY of 0.05% (APY stands for annual percentage yield, rates may change).

What are the account minimums for etrade Bank checking account?

etrade Bank checking account does not require a minimum initial deposit.

What fees does etrade Bank checking account charge?

This account charges a monthly service fee of up to $15.

Does etrade Bank checking account charge overdraft fees?

etrade Bank checking account offers overdraft protection at a cost of $5 per transaction.

What features and perks does etrade Bank checking account offer?

This account includes the following features:

• ATM reimbursement - This account will reimburse you for any domestic ATM fees.
• Fraud monitoring - etrade Bank checking account monitors transactions for potentially unauthorized activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
• Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
• Mobile Banking Services - etrade Bank checking account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
• Nationwide ATM network - Conveniently transact at a nearby ATM.

How do people rate the customer service and user experience of etrade Bank checking account?

Overall, etrade Bank checking account is mostly recommended based on community reviews that rate customer service and user experience.