E*Trade Premium Savings Account (2026.10 Update: $400/$800 Offer)
Savings Accounts / MMA
[2026.10 Update] The new account bonus is $400/$800 with a deposit of $20,000/$100,000, respectively.If you fund the account near the end of the initial 30-day funding window, your money only needs to stay in the account for a little over 45 days.With a promotional APY of 4.25% for six months, there is little opportunity cost, making this an excellent offer.
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Account Features
- $400/$800 new account bonus.See the requirements below.
Offer ends January 10, 2027.
- No monthly fee.
- The annual percentage yield (APY) is quite competitive.As of February 2026, the APY was 3.75%.
Bonus Requirements
- This offer is only valid for a new Premium Savings Account.
- Each customer is limited to a lifetime maximum of two new Premium Savings Account cash bonus offers.
- During the first 30 days after opening the account, deposit net-new funds totaling $20,000–$99,999 for a $400 bonus, or $100,000 or more for an $800 bonus.Net-new funds are incoming funds from outside the bank and its affiliates, less withdrawals sent outside the bank.Transfers from existing E*Trade or affiliated accounts do not qualify.
- Maintain your balance for 45 additional days after the 30-day funding period ends to earn your cash bonus.
Summary
This is a solid bonus with a relatively short holding period.
If you have some spare cash, this offer is worth considering.
Related Accounts
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Frequently Asked Questions
Certainly. Unlike personal loans, you won't face any penalties for settling your balance ahead of schedule. However, it's crucial to keep in mind that if your credit card comes with a 0% introductory offer, it's essential to clear your balance completely before the 0% promotion expires and interest charges apply.
However, you can include additional cardholders, each with their own card. While sharing the single credit limit, the primary cardholder remains responsible for settling the debt.
Potentially, yes. Credit card APRs are typically variable, allowing lenders to change rates, impacting your monthly payments. Additionally, be mindful that introductory 0% offers can lead to higher interest rates once they expire. So, it's wise to clear your balance before that happens, if feasible.
Indeed, credit builder cards exist for those with less-than-ideal credit scores. These cards offer lower credit limits (typically £150 to £1,200) and higher interest rates. Responsible use, including full and on-time payments, can gradually boost your creditworthiness, potentially opening doors to better credit card offers down the line.
