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Pastimes : ETRADE Sucks! -- Ignore unavailable to you. Want to Upgrade?

To: Andrew Hunter who wrote (815)	11/5/1997 1:06:00 PM
From: RealMuLan	Read Replies (1) \| Respond to of 3262

I want to add two more benefits for Datek over E-trade: 1) E-trade margin interest is as high as 9%, while Datek is only 7%. 2)In Datek, your cash balance will earn money market interest, which is around 4% APR. E-trade was like that before until recently they think of one more way to rip off their customers. Now in E-trade, for any cash balance below $10,000 can only earn 2% APR, and they said it is FDIC insured. I think people who can risk their money in stock market will not care FDIC insured at all. And remember E-trade will loan out these money at a high margin of 9% interest. This means they gain 7% extra by doing nothing. What a calculated move! So this is just one more way for E-trade to screw up their customers.