Emigrant Direct – Upcoming New Website, Higher Rate
I keep forgetting to write this – Emigrant Direct is rolling out their new website on 7/24. Current accountholders should get an access code via snail mail. In addition, they announced that their interest rate will increase to 5.15% APY on 7/28.
Want an account? Get up to a $20 bonus for signing up here.
July 20th, 2006 at 4:08 am
For a while, Emigrant Direct wasn’t keeping with rate increases at other banks. Now they are competing. I wonder if Emigrant Direct’s early notification of paying a 5.15% APR will cause other banks to jump the gun by giving 5.15% or better before 7/28.
July 20th, 2006 at 6:17 am
It’ll be funny if HSBC does raise its rate above 5.15% before 7/28…
July 20th, 2006 at 12:11 pm
does Emigrant Direct allow direct connection with TreasuryDirect?
July 20th, 2006 at 1:12 pm
You are late to report on this rate…. its been up on blogs way longer
July 20th, 2006 at 2:55 pm
Yes, you can link Emigrant Direct with TreasuryDirect.
Ha, this rate increase hasn’t even happened yet. Who knows what other banks will do. Pre-announcing rates weeks ahead of time doesn’t excite me. It’s just their way of making you stick around, as if the rate already was 5.15%. If you’re going to raise your rates, then just raise them!
July 20th, 2006 at 4:12 pm
Does Emigrant Direct have a withdrawl limit like other accounts? Some are limited at 5 per month.
July 20th, 2006 at 5:24 pm
All my eggs are in Citi bank now. Well, not quite, there are some left in Emigrant as well. It’s amazing to think that one of my co-workers bought his house in 2005 with mortgage interest of 5.15%.
July 20th, 2006 at 6:02 pm
This account at Emigrant is like all of the Money Market Accounts. MMA is not the same as a Money Market Mutual Fund Account. The restrictions/terms of these MMA accounts are set by the FED so they are pretty much all the same. These MMAs are usually, if I remember correctly, limited to 6 withdrawals a month. If they have ATM access like GMAC then you can have 3 ATM withdrawals and 3 others. Or 6 in total if you don’t have ATM withdrawals. See http://www.fatwallet.com Finance forum for all the issues with withdrawals that people have had with these types of accounts when they exceed 6 per month.
July 20th, 2006 at 11:38 pm
All savings account are limited by law at 6 withdrawals per month.
July 21st, 2006 at 5:47 am
5.15? glad i moved everything to emigrant direct.
July 21st, 2006 at 5:52 am
ED all the way! only good things to say about them and their services.
July 21st, 2006 at 9:09 am
I opened an account with HSBC at 4.8%, now they’re at 5.05%. Am I locked into the 4.8%? Everytime they raise the rates, do they apply just to NEW members?
Thanks
Dmore
July 21st, 2006 at 9:14 am
Don’t worry, unless it specifically says otherwise, everyone gets the same rate. You are at 5.05%.
July 23rd, 2006 at 8:46 am
great blog. i have a question on savings accounts…is there a calculator/equation i can use to decide whether to put money in savings account of whether to put it in a tax exempt bond fund? (i live in NYC…lots of taxes here)
July 24th, 2006 at 11:04 am
Well Emigrant did roll out the new website.. It sure is taking a beating today. Good luck logging in!
July 24th, 2006 at 1:27 pm
I’ve tried to login several times over the past 5 hours. I thought I was in and then was bounced out. In the short time that I actually saw the site it looked like the same thing with nicer graphics. Since then I haven’t been able to login. I think I’ll give up and try tomorrow. I wish they’d stuck with the simple but works formula or spent more time phasing in their changes.
July 25th, 2006 at 6:34 pm
Somebody actually got a real webpage to come up? Yesterday I got nothing but 404 page not found errors. Today I get “Page temporarily unavailable due to extreme volume”. I think somebody botched something bigtime…. One more day of this, and I will think I will be closing my account….. Several other banks are offering competitve rates to what emigrant is paying.
February 3rd, 2007 at 3:55 am
So much spam (