Comments on: So, It’s not a Rumor

By: Say Goodbye to Emigrant Direct

Say Goodbye to Emigrant Direct — Tue, 08 Jul 2008 04:19:53 +0000

[...] banks I have used so far. But 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 [...]

By: bl

bl — Mon, 22 Oct 2007 01:40:15 +0000

while ive found this older post, im not quite seeing it being factual. the fed dropped the rates recently, ing was among the first to drop their return, to 4.3 apy, etrade just dropped from 5.05 to 4.7 a full month after ing dropped rates.

regarding emigrant direct, i was with them only a short time, i didnt like their website, but they pay nicely still.

re: everbank on your list of the best, their 6% is only for 3 months, then it drops. sounds like comcast, jack my price up

By: anon

anon — Mon, 23 Jul 2007 13:58:59 +0000

I plan on dumping my Emigrant account this week too. There is too much competition for banking. I would think Emigrant would know that, in that their only draw was that they were a sliver ahead of the other banks in interest rate in exchange for less service (no Treasury ladder, no ATM).

By: Say Goodbye to Emigrant Direct | The Sun’s Financial Diary | A Personal Finance Blog on Saving and Investing

Sat, 21 Jul 2007 15:49:09 +0000

By: Did You Receive the Small Gift from EmigrantDirect? - The Sun’s Financial Diary - Accumulating wealth is like building The Great Wall, one brick at a time

Sat, 28 Oct 2006 17:20:12 +0000

[...] While I appreciate the gift, they could have made me even happier if they had maintained their 5.15% APY instead of cutting it down to 5.05%! [...]

By: September 2006 Score Card — Part II: Net Worth - The Sun’s Financial Diary - Accumulating wealth is like building The Great Wall, one brick at a time

Fri, 13 Oct 2006 21:06:07 +0000

[...] Cash: We currently have about $44K in EmigrantDirect and HSBC accounts, earning a 5.05% APY. About $24K are borrowed from my two Chase credit cards. Comparing to August, our cash reserve almost remains at the same level, with a slight dip of severla hundred dollars. Though EmigrantDirect slashed thire rates on the last day of September, I have no plan to move our cash else where. [...]

By: The Sun’s Financial Diary » Blog Archive » September 2006 Score Card — Part II: Net Worth

Mon, 02 Oct 2006 20:17:24 +0000

By: The Sun

The Sun — Sun, 01 Oct 2006 01:16:38 +0000

So that’s the reason! It looks like they only notified account holders when the rate went up as I remember I did get an email of the rate change when the 5.15% was adopted.

By: jim

jim — Sat, 30 Sep 2006 19:45:28 +0000

Hey Sun,
I received an email from the folks handling ED’s affiliate program, they were giving us all a heads up about the rate change.

Cheers,
jim