Deposits held and insured by Emigrant Bank (FL)

Overview / Commentary
5 East 42nd Street
New York, NY 10017
Deposits held and insured by Emigrant Bank (FL)

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DollarSavingsDirect Savings Now At 5% APY - 6/7/2023

a division of Emigrant Bank

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9/16/19 - DollarSavingsBank 60-Month CD Earns 2.80% APY
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8/1/18 - 6 Month CD, 2.15%APY, $1000 Minimum
7/27/18 - No Longer Claims To Be Top Rate In America.
2/27/18 - DollarSavingsDirect Leads With Savings Account
2/27/18 - Dollarsavingsdirect's Savings Account Rate Now 1.80% APY
1/15/18 - DollarSavingsDirect Raises All CD Rates
1/12/18 - Higher CD Rates Now Offered: [email protected]% Up To [email protected]%
1/3/18 - DollarSavingsDirect Offers Top Savings Account Rate
11/14/17 - Dollarsavingsdirect Has Added CDs
11/9/17 - To Our Valued Customers
10/31/17 - Savings Account Now 1.50%
7/13/17 - DollarSavingsDirect Offers Highest Savings Account Rate
5/16/17 - DollarSavingsDirect Raises Dollar Savings Account Rate
4/6/17 - DollarSavingsDirect Boosts Dollar Savings Account Rate
6/21/13 - New Top 12-Month CD Rate at DollarSavingsDirect
6/7/13 - Competitive 16-Month CD Rate at DollarSavingsDirect
12/21/12 - Second Dollar Savings Direct Rate Decrease This Month To 0.55%!
12/1/12 - Rate Decreased From 0.70% To 0.60%
10/7/11 - 4th Rate Drop This Year And Counting...
9/8/11 - Rate Drops AGAIN!
8/15/11 - More Rate Drops
4/22/11 - Rate Decrease (4457)
1/30/11 -'s History & Closing Tips
1/21/11 - Dollar Savings Direct Rate Decrease
9/20/10 - Rate Decrease
8/20/10 - Closing A Dollar Savings Direct Account
6/16/10 - Comparing CDARS with DollarSavingsDirect's CD
6/8/10 - Update on DollarSavingsDirect's 16-Month CD and Emigrant Bank
5/12/10 - Dollar Savings Direct & Emigrant Direct Savings Account Rates Fall
3/3/10 - Dollar Savings Direct Cuts Savings Account Rate to 1.30%
2/9/10 - Emigrant Bank Cuts Rates at DollarSavingsDirect and EmigrantDirect
1/2/10 - 2.25% 16-Month CD at DollarSavingsDirect - Available Nationwide
12/4/09 - Emigrant's New Internet Bank: DollarSavingsDirect
3/17/09 - Dollar Savings Direct Cuts Savings Account Rate Again - Options and Issues to Consider
3/17/09 - ACH Transfers and Linking External Accounts at Dollar Savings Direct
3/3/09 - DollarSavingsDirect Savings Account Yield Falls to 3.50% - Alternatives?
2/6/09 - 4.00% 16-Month Online CD at Dollar Savings Direct
10/8/08 - DollarSavingsDirect Raises Savings Account Yield to 4.00%

New Interest Rate

Posted by: |

I just opened an account at 3.05% and had money transferred 2 days ago. I just saw today that the rate went to 3.5% and called customer service. A woman from the US answered the phone promptly and told me the rate just announced (3.5%) would automatically be applied to my account tomorrow.

I Never Had Problems With Emigrant Bank (Parent Co Of Dollar)

Posted by: |

I opened an account many years ago and:
Trust account - no problem
Personal - no problem
Joint account - no problem
Deposit/Withdrawal - no problem
Beneficiary - ONE ONLY per account
Customer service - pretty good

Account Holder Since 2017

Posted by: |

Yes, they have a few quirks but the rate rules right now. Transfers in and out are fast.

They Don't Allow Any Withdrawals Initiated From External Banks!!!

Posted by: |

"You may make a withdrawal from your Account through electronic funds transfer to the External Account by logging on to our Web site. You may not withdraw funds by any other means."

This and other unusual terms & conditions are disclosed by the bank only upon your reaching the last page of the online application, after providing all your personal information and initial funding the account.



Data as of Q3 2023

Data displayed below is for insuring bank: Emigrant Bank (FL)
Learn why bank health matters
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. DollarSavingsDirect has a low asset base.

Health Grade Components

FDIC Certificate #57083
Year Established2001
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.3%
Return on Equity - YTD1.36%
Annual Interest Income$2.6MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$47.8MM$68.2MM
LoansQ3 2023vs Q3 2022$25.7MM$40.5MM
DepositsQ3 2023vs Q3 2022$32.4MM$55.6MM
Equity CapitalQ3 2023vs Q3 2022$12.1MM$12MM
Loan Loss AllowanceQ3 2023vs Q3 2022$177K$613K
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$258K$1.1MM
Real Estate OwnedQ3 2023vs Q3 2022$0$0

Rates for DollarSavingsDirect are currently being reviewed.


DollarSavingsDirect is an Internet only bank and does not have branch locations. Its headquarters is located at 5 East 42nd Street - New York, NY 10017

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