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Dollar Savings Direct & Emigrant Direct Savings Account Rates Fall

Wednesday, May 12, 2010 - 1:36 PMDollarSavingsDirect - Details
Yields fell by 10 basis points at both Dollar Savings Direct and Emigrant Direct. Below is a summary of the savings account rate changes:
  • Dollar Savings Direct is now 1.20% APY (was 1.30%)
  • Emigrant Direct is now 1.00% APY (was 1.10%)
It's hard to believe Emigrant Direct's yield is now only 1.00%. I remember when they first launched in January 2005 when the yield was 3.00%.

Hat tip to the reader who mentioned this change in the Open Discussions Thread.
Ken TuminKen Tumin5,473 posts since
Nov 29, 2009
Rep Points: 125,800
1. Wednesday, May 12, 2010 - 5:32 PM
So much for being among the top rate leader that they posted on their website.
AnonymousAnonymous2,282 posts since
May 9, 2010
Rep Points: 3,964