MySavingsDirect
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.40% | Savings | |
| 1.65% | 5-year CD | |
| 1.30% | 3-year CD | 1.83% - National Average |
Related Posts
12/5 - 2.40% Annual Percentage Yield Savings Rate
11/15 - MySavingsDirect Ups Savings Account Rate
11/14 - Mysavingsdirect Savings Account Raised To 2.35% APY.
9/14 - 2.25% Annual Percentage Yield Certificate Deposit 6 Months
9/6 - MySavingsDirect Savings Account Rate Soars
9/5 - Increased Savings Rate To 2.25%
6/11 - MySavingsDirect's 6-Month CD Rate Jumps
| Featured Account Options | SPONSORED LISTINGS | ||||
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Good Service, Good Savings Rate
I think some people try and make things too compicated. I keep things simple.
MySavingsDirect is a good, basic, easy-to-use online savings account. Never had any issues or problems with account set-up or ACH transfers. Any questions I have are answered very promptly via secure messaging.
Their savings account yield is usually one of the best rates. I also like the 6-month CD. I split my money between the two, and lock in that good rate for half a year. Then re-evaluate when it matures.
ACH Are Not Available For Five Business Days
Available Balance
Your Available Balance consists of funds that you can withdraw now and excludes deposit amounts which are on hold. Deposits made to your MySavingsDirect account electronically via ACH are not available for five business days. Check deposits accepted for your initial funding are not available for 10 business days.
Teaser Rates with No Bottom
This website is one of many set up by Emigrant bank. I knew nothing about them until I set up this savings account because it offered me an attractive interest rate for savings accounts. Within 30 days of opening the account I recieved notice that they were cutting the rate by a quarter percent. 30 days later they cut it anothe quarter percent. They continues this until after four months the account was paying me 0.1% for a savings account at a time when there were multiple online banks paying in the 1 1/4 range. I later learned that this is typical for them as they have set up several of these websites that always use the same M.O.. They lure people in with a competative rate and then assume we are too lazy or too busy to notice we are getting shafted as they rapidly cut it to near zero.
Another Shell For Emigrant
As many have stated, another front for Emigrant bank now they have stopped putting the rates up on Dollarsavingsdirect. I've lost count of how many fronts this company keeps opening in order to pull the rug out from people on rates and hope nobody will make the effort to move. I'm not opening a third with them just to have to bounce around again in 3 months time.
Data as of Q3 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 12054 |
| Year Established | 1850 |
| Employees | 481 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.03% |
| Return on Equity - YTD | 10.26% |
| Annual Interest Income | $239.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2018vs Q3 2017 | $5.68B$6.53B |
| Loans | Q3 2018vs Q3 2017 | $3.85B$4.49B |
| Deposits | Q3 2018vs Q3 2017 | $4.37B$4.62B |
| Equity Capital | Q3 2018vs Q3 2017 | $1.15B$1.15B |
| Loan Loss Allowance | Q3 2018vs Q3 2017 | $67.1MM$78.0MM |
| Unbacked Noncurrent Loans | Q3 2018vs Q3 2017 | $210.0MM$193.7MM |
| Real Estate Owned | Q3 2018vs Q3 2017 | $25.5MM$34.1MM |
This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.
2.40% Annual Percentage Yield Savings Rate
No Fees. No Minimums.
Annual Percentage Yield is effective December 04, 2018 and is subject to
change at any time.
Mysavingsdirect Savings Account Raised To 2.35% APY.
Always verify rates and promotions with the bank or credit union. We are not MySavingsDirect; we are a rate comparison website and cannot provide official rates or promotions.
MySavingsDirect Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.40% | - | - | MySavings Account |
MySavingsDirect CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.40% | $1k | - | 6 Month My Term CD | |
| 1.65% | $1k | - | 60 - 120 Month My Term CD | |
| 1.30% | $1k | - | 30 Month My Term CD |
MySavingsDirect is an Internet only bank and does not have branch locations. Its headquarters is located at 5 East 42nd Street - New York, NY 10017