What's Wrong at E*trade?
These guys just dropped the interest rate on my savings account again. That means it's now moved from 3+% to less than 1%. It's no longer competitive with money market accounts, unusual for them.
That's a major drop just at the time when yields are finally going up?
What's wrong at E*trade, is my question? And how much capital are they willing to lose from people like me, who are going to move their accounts elsewhere in response to this latest hose job?