Reviews needed about E*TRADE BANK.?

I'm about opening an e*trade bank account. but I found this on there webS. " Investment Products: 鈥?Not FDIC Insured 鈥?No Bank Guarantee 鈥?May Lose Value"
I'm having second thoughts..
My knowledge about banking just like my knowledge about Korean history.. so please help.

e*Trade is an investment site as well as a banking site. Be sure you're looking at the right place. Investments are not FDIC insured and certainly may lose value however, if you are truly seeking a bank account (savings, draft, MMA) then be sure you are on e*Trade's banking site and not their investment site. Their true banking products should be FDIC insured.

I am a former e*Trade customer and was satisfied with their services on the investment side. That being said I consolidated a significant portion of my banking in another financial institution to gain other financial incentives and benefits.

Just be sure you're looking at the right site for your specific purposes.

Good luck!

When you go to the Etrade site, click on the banking tab, then click on the see more details link. You will see there that ETRADE bank account deposits are FDIC insured to $100k.

Have a good look at their fees - they are certainly not the cheapest place to store money.

Please first work out what it is you need, then look for it. Need a free checking account? Need tellers? Or is it ATMS near where you work, live, play?

All of this can factor when choosing where to put your money.

Good luck!

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