With the volatility that we’ve seen lately in the stock market, a lot of people are seeing some value in having a portion of their money in high interest savings accounts.  While it seems to us here at Peak Personal Finance that you wouldn’t want to put a large portion of your money in a savings account, we can certainly see the value in the liquidity of high yield savings accounts.

We’ve seen a lot of references lately to E-Trade savings account rates, so we thought we would take a closer look.  E-Trade Financial is a New York City-based financial company doing business in over 40 countries.  Lately, E-Trade has been advertising their E-Trade Complete Savings Account.

The Complete Savings Account is an internet savings account that earns an Annual Percentage Yield of 3.01%.  These days, there aren’t that many savings account rates over 3% — and the accounts that do pay over 3% usually require a hefty minimum depost.  The E-Trade Complete Savings Account only requires a minimum deposit of $1, and deposits are insured in accordance with FDIC requirements.  So, if you are considering a high yield online savings account, be sure to check out the E-Trade online banking site to see the current Etrade savings account rates.