Extended to September 30, 2025
Update 6/15/25: This link expires on 6/30/25. There’s a new link which is valid through 9/30/25; that link requires promo code SAVE25 and also has some funny language in terms of whether this is a targeted offer. Both links are probably publicly available for anyone to use. (ht TJ)
Offer at a glance
- Maximum bonus amount: $750
- Availability: Nationwide
- Direct deposit required: None
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Yes, but approves if frozen
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None
- Expiration date: June 30, 2025
The Offer
- E-Trade is offering a bonus of up to $750 on their premium savings account, valid through June 30, 2025. You need to deposit funds within 30 days of account opening and maintain your balance for 45 additional days beyond the 30th day.
- Deposit $25k and get $250
- Deposit $50k and get $500
- Deposit $75k and get $750
The Fine Print
- To take advantage of this offer, you must be the original recipient of the offer email from us.
- This offer is only valid for a new Premium Savings Account (which earns 4% APY). This offer is not valid for Checking, Max-Rate Checking or line of credit, or other accounts that we or our affiliates offer. IRA and non-IRA accounts are ineligible.
- This offer is only eligible to one new opened and funded Premium Savings Account (PSA) within 30 days.
- Excludes non-U.S. residents, and residents of any jurisdiction where this offer is not valid.
- Customers may only be enrolled in one offer at a time. Cannot be combined with any other offers.
- Each customer is limited to a lifetime maximum of two new PSA offers.
Avoiding Fees
There is no monthly fee on this account.
Our Verdict
Note the fine print that it’s only for the email recipient. That said, others with an E*Trade account are seeing it at login, and it might be that all E*Trade users can get themselves targeted. YMMV.
The bonus itself is pretty good as basically a 1% bonus if you meet the exact tiers required. The savings account also has a competitive regular interest rate as well (currently 4% at time of this writing). For someone who has some cash reserves and can get targeted for the offer, this can be a good deal.
Hat tip to Shawntheshawn
Offer link changed to https://us.etrade.com/promo/savings
Added in the main post now
The offer looks nutritious but I am kind of horrified by the bad comments of E*trade in the traffic below… I opened their brokerage account about one year ago (probably in Sep 2024). Was able to get the $100 bonus without problem. Other than that, I am still concerned about this saving offer in terms of horrible customer service and possibility of denying to pay due to their ridiculous reasons (e.g. no intent to use the account, unusual account behavior etc.). It would be great if someone can share the experience about the success of getting bonus and communications with customer service. It will be very helpful for me and other readers here so thanks in advance! I guess the earliest date to get the bonus should be around mid July for those who started this offer in early May, correct me if wrong.
I was very hesitant on whether to do this offer or not.. especially because I had an old eTrade brokerage account where mail was being sent to an older address of mine and turns out was being returned to sender. I was concerned that might raise red flag.
So far, I opened the account over the phone. Transferred funds in. So far I can see the transfer went through fine. and fingers crossed
I’d also like to hear more experiences on this
I’m not sure if anyone noticed in the rate sheet there’s a little footnote that says “withdrawal limits apply”, in case anyone was planning on keeping this account after the bonus period. Google says:
Account types – express.etrade.comWith Premium Savings Account, withdrawal limits apply. Account holders are allowed up to six withdrawals or transfers (for example, using Transfer Money) from their account in any calendar month.
Here’s another reference
With Premium Savings Account, withdrawal limits apply. Account holders are allowed up to six withdrawals or transfers (for example, using Transfer Money) from their account in any calendar month. Inbound Transfer Money transactions are not subject to any limits. If transaction limitations are exceeded, we may close the account, or convert it to a Checking account, or remove the account’s transfer and draft capacity. Funds may be transferred to another Bank account by written request signed by the account holder(s), by telephone request through Bank personnel, over the internet, or by electronic funds transfer, if you subscribe to such services. See your Account Agreement for additional details.
O
It looks like etrade is cheating many customers
https://www.consumeraffairs.com/finance/etrade.html
What is the probability of not be hurt, based on the E*TRADE Reviews?
5 ***** (18)
4 **** (11)
3 *** (5)
2 ** (19)
1 * (314)
Sometimes you just have to take a chance!
“ELIGIBILITY AND LIMITATIONS: This offer excludes non-U.S. residents, meaning it is only available to U.S. citizens and residents.” what about H1B Visa holder with valid SSN and staying in US right now?
U.S. citizens and residents – doesnt that mean GC and certain visa holder included? H1B status appear to be a resident tax status from my research. While F1 student is non resident if they didnt pass substantial presence test.
H1B Visa holders are resident aliens for tax purposes. H1B has never been an issue to get any bank/brokerage bonuses. Just select the option of you being a resident alien and be done with it.
For what it’s worth I called up etrade and asked if this code was valid/okay to use and they stated yes. That doesn’t mean much considering a rep isn’t always the most knowledgeable but ima shoot for it. I’ll probably leave the money in there until the bonus hits so they don’t try making me ineligible after the maintenance period though.
I received an e-mail with subject “Your new PSA account is enrolled in a cash promotion” a day or two after I opened the account. I am a brand new E*Trade customer
Same here.
Any positive DPs yet?
I’m seeing mention of new customers are limited to only one transfer funding account for the first 60 days. Does this limit incoming push from 3 separate banks to meet the deposit requirements?
Why not just pull from one account only?
As with most people here, my deposit accounts are spread out collecting other smaller requirement bonuses (20-50k}. I would be aiming for the $750.
Pull or transfer into one account, then transfer or pull into E*trade.
I get that, and thank you. This is the obvious but tedious solution. Account transfer confirmations, setup, and time not earning is why I asked the original question… Yes, I am annoyed at losing $8+ per day on my $75k, lol.
Easy and fast account opening. Signed into existing brokerage account on PC/Chrome and navigated to “Open Account”, selected “Premium Savings” and entered/applied promo code SAVE25. Most info was pre-filled from brokerage.
A few clicks later, I had the “Your new PSA account is enrolled in a cash promotion” email with the promo terms followed by the “Your new bank account is now open” email.
I won’t be in a rush to pull everything out due to the (current) 4.00% APY, but hopefully this pays out quickly and without issue. Only real negative is that I’ll have no money to fund any other large deposit bonuses through mid-September since everything will be tied up here.
Mid September because you calculating 30+45 days hold period ?
I see the account needs to be funded by first 30 days and then balance held for another 45 days.
If you are funding the full amount on opening date itself then also does one need to hold the whole 75 days or 45 days countdown starts on day 1 itself?
Deposit the tier you are going for by day 30. By tied up for ~75 days I meant that I can’t use the funds to start a new promo at a different bank.
I’m not immediately depositing the full amount for at least 2-3 weeks in the unlikely event the account is closed. Also, most of the funds are currently obligated to another bank for a different bonus but will be available within the next week or so.
I don’t think it changes the countdown if you fully fund on day 1. The promo terms define the first 30 days as “Deposit Period” followed by a 45-day “Maintenance Period.” Not seeing any language that suggests the two periods can overlap.
The ‘countdown’ starts on Day 30. You simply need to hold an average of $75k (or a lower amount if you choose a lower tier) from Day 30 to Day 75.
I’m considering opening the E*TRADE Premium Savings Account and wanted to clarify the withdrawal policy. I’ve read that there’s a 6-withdrawal-per-month limit, but I’ve also seen some chatter about that possibly being relaxed.
Can anyone confirm if the 6-withdrawal limit is still strictly enforced? Also, what are the consequences if someone exceeds the limit?
Thanks in advance for any insights!
Every banking institution is different as it regards this old (antiquated) Fed D regulation policy. Since Covid broke, the Feds no longer care about its enforcement like they did in the past so now it’s up to each financial institution to do what they want with it. Some banks have kept it in place, while others have ditched it. I suggest calling them to get their actual policy. If it is still being enforced by eTrade, normally there’s a nick fee for each withdrawal past #6. It’ll also be up to them on how much they choose to charge by way of penalty fees.