Dedicated to Deposits: Deals, Data, and Discussion

5.05% Savings Account at Emigrant Direct's Spanish Equavilent - BancoFortuna


Emigrant Direct's online bank targeting the Hispanic market, continues to offer a yield of 5.05% APY on its online savings account. Emigrant Direct lowered the yield on its savings account from 5.05% to 4.75% at end of September.

I first reported on BancoFortuna in May after this CNN article. As the article stated, Emigrant is targeting the Hispanic market. Perhaps they're keeping the yield at 5.05% to continue this targeting.

BancoFortuna also provides an English equivalent page. I suppose this savings account is open to anyone in the US just like the savings account at EmigrantDirect. So if you're going to open an account at Emigrant Direct, I don't see any reason not to sign up here instead.

Thanks to the reader who emailed me info on this.

  Tags: savings account

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Comment #1 by Anonymous posted on
I don't speak spanish so I guess I will close my account at Emigrant Direct and put the money in my UFB Direct account.

Comment #2 by Anonymous posted on
There is an option in the upper right corner of the website for English.

Comment #3 by Anonymous posted on
Lower both or leave both where they were

Comment #4 by Anonymous posted on
I sent this to Emigrant Bank this am.

After reading a CNN article that BancoFortuna is (Emigrant Bank's Spanish Equivalent) and learning that this bank is paying 5.05% on Money Market - I want to move my present account to BancoFortuna or wish to open another account at BancoFortuna. Either way I am looking to earn the 5.05% on my money.
PS. Could you explain to me why after being a good customer for over a year now, why you would offer 5.05% to a certain segment of the population and not all your customers?

Lets see how they respond....

Comment #5 by Anonymous posted on
EmigrantDirect and BancoFortuna are lowering their rates to 4.55 % APY.