Crane Data Subscribers
Checking Acct Wars: E*Trade Changes Max-Rate Account Rate to 4.00%. Bank Deals reports that E*Trade Financial has just raised the rate on its Max-Rate Checking from 3.25% to 4%. Investors need over $5,000 for this rate, while balances under $5K will earn 0.5%. We recently reported about Fidelity launching 3.5% checking, Schwab's 4.25% checking offer, and ING Direct's 4.0% Orange checking. High-yield checking is the latest fad in "bankerage", the combination of brokerage and banking. These offers are often temporary and move frequently, so buyer beware.
