E*Trade Premium Savings Account Review
[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.
Application Link
- E*Trade Premium Savings Promo code: SAVE800
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
- E*Trade Checking
- E*Trade Premium Savings
- E*Trade Brokerage
Application Link
- E*Trade Premium Savings Promo code: SAVE800