Updated 3/23/2020
EmigrantDirect is a division of Emigrant Bank in New York, established in 1850. As an internet-only bank, EmigrantDirect offers its customers quick and safe access to their funds at any time through online banking. This savings account works really well. You link the account to another bank account, such as where you do your primary banking, and you can transfer funds between the two accounts on-line.

Their current yield is 0.50%. Remember, this is not the simple rate. Your actually earnings will depend on how long you leave the funds into the account and how often the bank compounds the interest.

The FDIC# for Emigrant Bank is 12054. They have $5.64 Billion in assets (Q3 2019).

Here is their website: EmigrantDirect

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-- By Chris Duncan

Posted in Best Savings Rates