Overview / Commentary
5 East 42nd Street
New York, NY 10017

Related Posts

MySavingsDirect Ups Savings Account Rate to 2.35% APY - 11/15/2018

MySavingsDirect increased the rate of its MySavings Account by 10 bps to 2.35% APY. This is the first increase since MSD became a rate leader in early September,

Mysavingsdirect Savings Account Raised To 2.35% APY. - 11/14/2018

Based on their website, MySavingsDirect raised their APY by 10bps to 2.35% APY in the last 1-2 days.

2.25% Annual Percentage Yield Certificate Deposit 6 Months - 9/14/2018

Account Highlights For MySavingsDirect account holders only. Low minimum deposit balance of only $1,000 Interest is compounded daily and credited monthly. Automatic notification prior to maturity. FDIC Insurance to the maximum extent allowed by law. A penalty will be imposed for early withdrawal.

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They Are Great!

Posted by: Ronnie | Jun 11, 2015

This guy above or below is out of his mind for giving this bank 1 star just because of their security policy....

Here's my take on this bank:

Sure the staff is not the best, no fancy app, no sexy webpage and no debit card.

The bottom line is right now they are beating every MMA/savings account with 1.25% APY.... So stop whining! They are keeping their cost low and in return you get a healthy APY.

So you are worried they have a C+ Health rating ..... Who care's as long as you don't have over 250k (500k for joint account) then this shouldn't worry you since they are FDIC insured.

So if you have some money you wanna put to safe work, this bank is awesome, you won't get any checks or debit card to easily access your money, you will need to do a free ACH transfer to your primary checking account, but again who cares it's a savings account you can wait 2 days.

I was super skeptical when I opened my account but I conducted extensive research and went for it... My account took a day to setup, they didn't even email me to let me know I was approved (they are really keeping the budget low lol). Funding my account took another day and the portal to view my account is nice and simple.

Also another perk is that the Mint.com app supports this bank. The last bank I had my savings in didn't !

Another perk is absolutely no fees!

Hope this helps someone =]!

ACH Are Not Available For Five Business Days

Posted by: mikek753 | Sep 30, 2018

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

Posted by: JamesX77 | Sep 24, 2018

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.

VIEW MORE REVIEWS

Health
B+

Health Grade Components

Overall
FDIC Certificate #12054
Year Established1850
Employees479
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.1%
Return on Equity - YTD5.61%
Annual Interest Income$154.8MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$6.16B$6.41B
LoansQ2 2018vs Q2 2017$4.11B$4.31B
DepositsQ2 2018vs Q2 2017$4.73B$4.30B
Equity CapitalQ2 2018vs Q2 2017$1.24B$1.13B
Loan Loss AllowanceQ2 2018vs Q2 2017$81.3MM$79.7MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$211.7MM$211.6MM
Real Estate OwnedQ2 2018vs Q2 2017$24.9MM$32.7MM
  User-submitted Promotions & Notices

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.

Mysavingsdirect Savings Account Raised To 2.35% APY.

OrderlyChaos   |  
Based on their website, MySavingsDirect raised their APY by 10bps to 2.35% APY in the last 1-2 days.

2.25% Annual Percentage Yield Certificate Deposit 6 Months

IvoryMale   |  
Account Highlights

For MySavingsDirect account holders only.
Low minimum deposit balance of only $1,000
Interest is compounded daily and credited monthly.
Automatic notification prior to maturity.
FDIC Insurance to the maximum extent allowed by law.
A penalty will be imposed for early withdrawal.

Increased Savings Rate To 2.25%

IvoryMale   |  
While there other website Dollar Savings Direct remains @ 1.80%
High Interest Savings Account With No Fees & No Minimum Balance Requirement

Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.35%--MySavings Account

MySavingsDirect CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%$1k-6 Month My Term CD
1.65%$1k-60 - 120 Month My Term CD
1.30%$1k-30 Month My Term CD
Locations

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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact feedback@depositaccounts.com to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.