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Non-Tech : Former Harrisdirect customers who are not happy with Etrade -- Ignore unavailable to you. Want to Upgrade?

To: Bernie Diamond who wrote (10)	1/17/2006 2:56:41 PM
From: maverick61	Read Replies (1) \| Respond to of 54

Has anyone here used Scottrade? From what I can tell, the rate Etrade is paying on their cash sweep accounts is peanuts (less than 1% unless you have major cash balances): ETRADE FINANCIAL Sweep Deposit Account (SDA) Daily Balance Rate APY1,3 $0 - $4,999 0.1599% 0.1600% $5,000 - $49,999 0.3992% 0.4000% $50,000 - $99,999 0.6976% 0.7000% $100,000 - $499,999 0.9951% 1.0000% $500,000+ 0.9951% 1.0000% ETRADE FINANCIAL Retirement Sweep Deposit Account (RDA) Daily Balance Rate APY1,3 $0 - $4,999 0.1599% 0.1600% $5,000 - $49,999 0.3992% 0.4000% $50,000 - $99,999 0.6976% 0.7000% $100,000 - $499,999 1.3903% 1.4000% $500,000+ 2.2800% 2.3100% To get the 3.4%, it appears you need to open a separate Etrade Money Market a/c with their bank and manually move money yourself. Thats ridiculous. I see Scottrade's credit interest rates are somewhat better. I can't seem to find Fidelty's sweep interest rates (and my biggest concern with them is to get the Gold service, I would need to have $1MM in assets - which I don't have at Etrade to move