5.05% Savings Account at Emigrant Direct's Spanish Equavilent - BancoFortuna
Oct 19, 2007 - 9:43 AM by Ken Tumin
Emigrant Direct's online bank targeting the Hispanic market, BancoFortuna.com 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.
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.
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Anonymous - #1, Friday, October 19, 2007 - 12:44 PM
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.
Anonymous - #2, Friday, October 19, 2007 - 1:36 PM
There is an option in the upper right corner of the website for English.
Anonymous - #3, Friday, October 19, 2007 - 6:00 PM
Lower both or leave both where they were
Anonymous - #4, Saturday, October 20, 2007 - 6:15 PM
I sent this to Emigrant Bank this am.
Hello:
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....
Anonymous - #5, Wednesday, January 9, 2008 - 12:45 PM
EmigrantDirect and BancoFortuna are lowering their rates to 4.55 % APY.
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