Dedicated to Deposits: Deals, Data, and Discussion

Emigrant Direct Lowers Savings Account Rate


EmigrantDirect has just lowered the yield on its American Dream Savings Account to 4.55% APY (was 4.65%). Emigrant's online bank targeting the Hispanic community, BancoFortuna, also lowered the rate to 4.55% APY. BancoFortuna had maintained the 5.05% for several months after EmigrantDirect first started lowering its rates (see post). I guess the only good news is that there's now parity.

Thanks to all those providing comments on the rate updates.

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