E*Trade is a multi-functional financial website that offers a variety of services that goes beyond the basic buying and selling of stock. They have IRA and Roth IRA retirement accounts, banking services and mortgages. They are a full service, online discount broker. E*Trade Financial is publicly traded on the NASDAQ under the symbol ETFC.
I have used E*Trade since 2000 and also own shares of their stock. My first experience with them was their money Complete Savings account. I opened the account because they offered a competitive interest rate and they offered a sign up bonus. I have stuck with this account for the past ten years, because of the incredible value it adds to my financial picture. The greatest benefit of this account is the fast transfer of money from one account to another. E*Trade makes it very quick and simple to transfer money from accounts at another bank to E*Trade and back out again. The interest rate offered is also very competitive with other accounts.
I currently use E*Trade for the Complete Savings account, but they offer so much more. I opened a home equity loan with them five years ago on an investment property. They offer easy online management of the loan and payments are credited in a timely manner. Opening the account was a breeze, but this was during the real estate boom, so your results may vary.
I recently decided to transfer an old 401 (k) plan to E*Trade. The process couldn’t have been any simpler. After completing an online application, they took care of the rest. In fact, I was very impressed with their customer service on this account. There were some issues with the bank that held my 401 (k) in transferring it. A representative from E*Trade called me to let me know what was going on and to answer any questions that I had. She gave me her extension in case I had any addition issues or questions. This is much more then most financial firms do for their customers.
I am very happy with the service and breadth of finance options available at E*Trade. There interest rates are competitive, there pricing for stock trades is reasonable and there research tools are good. A good way to get started with E*Trade is by opening up an IRA. The minimums are low and they offer thousands of mutual funds with no trading cost. It is a good way to try out the website, trading tools and research without making a large commitment.
Since E*Trade is a 100% online company they have put a lot of time into making their website user friendly. After logging in all of your accounts and financial records are in one place. It is quick and easy to transfer money between accounts or out of E*Trade. They also offer live chat for questions.
E*Trade is one of the best online brokers and financial institutions available. They offer many financial and banking choices. There customer service is second to none and they have an updated, modern website. I would recommend E*Trade to anyone looking for a financial services firm.