July 6th, 2007
EmigrantDirect has had their best savings rate for quite some time.? EmigrantDirect is a division of Emigrant Bank in New York.?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.
Like HSBC, their current yield is 5.05%.? 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 are over $11.5 Billion in assets.
Here is their website, EmigrantDirect
-- By +Chris Duncan