Bank Deals has an update about Etrade Bank rates. The author also notes that Etrade has extended its $25 sign up bonus.
I opened a complete savings account at the end of last year and they did not credit my account $25 within 30 days as promised.
Once I pointed this out, they credited me the next day.
Bank Deals does not cover money market funds in brokerage accounts, but it is interesting to note that Etrade's Brokerage offers "JPMorgan Municipal Money Market Fund" which is tax free. It currently returns 0.64%. It was returning 2.70% as recently as 12/30/07.
I had much of my savings in my brokerage as it gave me over 3% after taxes which was better than my Citibank Savings account. Then I jumped on Etrade's 5% +$25 offer! Well the 5% rate may not have lasted but I am still earning more than what Citibank was paying me in December.
And I'm glad I moved my cash out of my brokerage. Less than 1% interest is terrible.