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Sunday, January 30, 2011 - 7:56 AMDollarSavingsDirect - Details
If you had hoped Emigrant Bank would keep its DollarSavingsDirect savings account competitive, you are probably disappointed. The yield is now only 1.00% APY. If you want to reduce the number of accounts, you may want to close this one. FiveCentNickel has a review about how to do this. The common approach works. You just withdraw your remaining balance and send them a secure message instructing them to close the account.

Emigrant Bank launched this new version of EmigrantDirect in August 2008. In October 2008, the yield was 4.00% APY for a $1K balance. You can see how the rates have fallen in my DollarSavingsDirect savings account rate history
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
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