E*Trade offers DIY superannuation

E*Trade has teamed up with do-it-yourself superannuation fund service SuperEasy to enable Etrade clients to set up a DIY super fund online at comparatively low cost.

The alliance will bring easier access to online trading for SuperEasy members and provide another service to Etrade clients. Investors can setup a DIY superfund with E*Trade for $395 and will receive a $50 rebate if they setup an Etrade Australia Super Account.

While Comsec and YourProsperity offer the ability to manage superannuation online this is the first instance in which you can setup a self managed super fund via an online broker.