E*Trade Free $25 Savings Sign-up Bonus

E*Trade has a promotion running for their new high yield online savings account. If you open account and fund it with $1 (the account minimum) they will give you a $25 bonus. Not too bad of a deal considering you only have to chip in $1.

The account pays 5.05% which puts in a good position to compete with what the other top online savings accounts are paying out right now. The biggest benefits (aside from the free cash) is that the transfers are really fast in and out. I have complained ad-nauseum about the lag time for HSBC and have been happy so far with the responsiveness of E*Trade's online account. As with all reliable online savings accounts this one is FDIC insured up to 100,000 too.

Link
E*Trade $25 Savings Bonus Promotion