This used to be 1.40% APY. Emigrant Bank kept the savings account rate at Emigrant Direct at 1.10% APY. Also note, that 2.25% APY 16-month online CD at Dollar Savings Direct is long gone. That yield went down to 1.65% about a month ago (you have to call or log in for the rate).
For more info on the savings account and rate history, please refer to my Dollar Savings Direct review
Thanks to the reader who mentioned this news in the Open Discussions Thread