Comments on: Say Goodbye to Emigrant Direct

By: More on UFB, GMAC, AmTrust, and IGoBanking [Bank Reivews]

More on UFB, GMAC, AmTrust, and IGoBanking [Bank Reivews] — Sat, 20 Jun 2009 02:48:02 +0000

[...] I am considering open another online savings account to park our cash. I have been using EmigrantDirect and HSBC for quite a long time and feel that I need to make a move to get a higher rate. My initial [...]

By: emigrant direct | 4BLOGGER

emigrant direct | 4BLOGGER — Wed, 25 Mar 2009 14:21:26 +0000

[...] Say Goodbye To Emigrant Direct [...]

By: Time to Say Goodbye to Dollar Savings Direct

Time to Say Goodbye to Dollar Savings Direct — Mon, 09 Mar 2009 15:19:22 +0000

[...] Emigrant Direct in 2005 when ING Direct turned from a great bank to a mediocre one (rate wise). My relationship with Emigrant Direct ended in 2007 after I found better places for my money at FNBO Direct and [...]

By: emigrant direct

emigrant direct — Sat, 28 Feb 2009 16:00:26 +0000

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By: emigrant direct

emigrant direct — Tue, 02 Dec 2008 04:03:21 +0000

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By: Bank Of America $35 Bonus Offer

Bank Of America $35 Bonus Offer — Fri, 14 Nov 2008 21:37:53 +0000

[...] account has a annual rate of 0.5%, which is nowhere close the rates you will get from, for example, EmigrantDirect or HSBC. However, since the account only needs to remain open for 60 days to qualify for the gift [...]

By: Emigrant Direct Account Closing Delayed

Emigrant Direct Account Closing Delayed — Fri, 14 Nov 2008 05:24:28 +0000

[...] viewed 1839 times, 7 so far today Advertisements Last weekend I emailed Emigrant Direct to close my account. While there isn’t really additional issue that prevents me from shutting down the account [...]

By: DollarSavingsDirect Review

DollarSavingsDirect Review — Wed, 12 Nov 2008 19:48:19 +0000

[...] same return, I am more comfortable with DollarSavingsDirect because I have dealt with another bank, Emigrant Direct, from the same parent company [...]

By: Ben

Ben — Sun, 14 Sep 2008 20:26:42 +0000

Oops, I was looking at checking — by bad — Everbank beats the others with the 4.75% intro

By: Ben

Ben — Sun, 14 Sep 2008 20:24:44 +0000

EmigrantDirect starts paying at 3% on the first dollar — EverBank has tiered rates, so at 3.5% you are really only earning 2.9% — at todays rates at least…

By: Sun

Sun — Wed, 21 Nov 2007 05:30:23 +0000

Pete: So far those banks that have been hit hard are those either provided subprime loans or had investments that tied to the loans. I am not sure whether Emigrant Direct is in that business or if so how big is the business, at least I haven’t heard anything. However, I won’t worry too
much about the money in the savings account. The money is insured by FDIC up to $100,000. I think your money is save as long as it’s under $100,000.

By: Pete Young

Pete Young — Mon, 19 Nov 2007 22:33:11 +0000

Today is Nov. 19th. The stock market just dropped another 200 points plus. Citibank is in trouble according to Goldman Sack – predicting another major subprime write down in addition to the $11B. Citi already announced.

Is Emigrant going to be hit next?

Shall we close our saving account there just to be safe?

Thanks in advance for any insights!

By: Louis

Louis — Tue, 02 Oct 2007 03:53:56 +0000

O.K. No worries, I guess, since Emigrant is FDIC insured. Sorry, false alarm.
Louis

By: Louis

Louis — Tue, 02 Oct 2007 03:35:05 +0000

Anyone concerned how deep the sub-prime mess goes? Do any of these banks invest in collateralized debt obligations? How safe is our money? FDIC insured?
Just a little bit curious.
Louis

By: Investing » Say Goodbye to Emigrant Direct

Investing » Say Goodbye to Emigrant Direct — Tue, 25 Sep 2007 00:03:55 +0000

[...] masterdan wrote an interesting post today onHere’s a quick excerptBut Emigrant Direct also appeared to be the only bank that actually dropped their savings rate while newcomers and competitors were trying to catch up or hold their customer basis by offering 5.30+% APY. To me, Emigrant Direct, … [...]

By: John

John — Sat, 28 Jul 2007 16:44:23 +0000

Don’t forget about the Emigrant 1.4% cashback credit card. To get 1.4% cashback, you must keep 10k in the Emigrant account. I charge enough on the card so that it more than makes up for the lower 5.05% rate (I never figured it out exactly, but I probably make about 5.75% on that 10k). Of course, it doesn’t make sense to keep more than 10k in the Emigrant account; I transfer the excess money out periodically.

I just received an offer for the Chase Freedom card in the mail. It pays 3% cashback on “your top three” spending categories that month. Like Prism says, where your money goes is a moving target. I’m now deciding if it makes sense to get this card and switch some/all of my EmigrantDirect credit card activity here (which means emptying my EmigrantDirect account as well).

By: Closing of Emigrant Direct Account Delayed | The Sun’s Financial Diary | A Personal Finance Blog on Saving and Investing

Fri, 27 Jul 2007 13:48:13 +0000

[...] weekend I emailed Emigrant Direct to close my account. While there isn’t really additional issue that prevents me from shutting down the account [...]

By: junger

junger — Mon, 23 Jul 2007 02:39:37 +0000

I was going to open an Emigrant account way back when they were one of the top APY providers, but since there was physical paperwork involved, it just didn’t make since.

By: MoneyNing

MoneyNing — Mon, 23 Jul 2007 00:37:27 +0000

TJP: Most people will tell you to go with whichever has the higher yield. Some banks might have bad customer service etc etc, but does it really matter if all you are looking for is building wealth?

Sun: Good for you! The less accounts, the better!

By: TJP

TJP — Sun, 22 Jul 2007 15:05:52 +0000

I really like Emigrant Direct, even though I cannot setup automatic ACH transfer into my brokerage accounts.

How would you rank the high yield online savings accounts? I’ve been thinking about ING for a long time.

By: 2million

2million — Sun, 22 Jul 2007 10:32:12 +0000

I like Emigrant Direct because their transfers happen so fast compared to the other online bank accounts. I’m leaving my account open to help seperate some of my funds (ie rental income).

By: Prism

Prism — Sun, 22 Jul 2007 09:55:55 +0000

you wrote: “Still a long way to go to live a simple life, but we will get there.”

No, you will NOT get there. Reducing the number of your accounts will not simplify your life.

Whatever bank account, car insurance, cell phone plan, credit card, etc. that you have, you will be changing it in a year. Its a moving target.

To simplify your life you would need to _freeze_ all of your accounts. In a couple of years you will be over paying (or under earning) on all accounts. That is simple!

By: Dennis

Dennis — Sun, 22 Jul 2007 04:14:06 +0000

I will be moving all of my money out of Emigrant Direct at the end of this month too. Mainly because I had a horrible experience with their customer service and have sworn off their bank forever.

By: Roundup for week of 16 July 2007: Mojave edition at Mighty Bargain Hunter

Roundup for week of 16 July 2007: Mojave edition at Mighty Bargain Hunter — Sun, 22 Jul 2007 03:48:27 +0000

[...] The Sun’s Financial Diary bids fair winds and following seas to Emigrant Direct. [...]

By: Roundup for week of 16 July 2007: Mojave edition at Mighty Bargain Hunter

Roundup for week of 16 July 2007: Mojave edition at Mighty Bargain Hunter — Sun, 22 Jul 2007 03:48:26 +0000

[...] The Sun’s Financial Diary bids fair winds and following seas to Emigrant Direct. [...]