Emigrant Direct

An online savings account provider, Emigrant Direct is a division of Emigrant Bank.  The current interest rate for Emigrant Direct savings accounts is 5.05% APY, which is among the highest rates of all high yield savings accounts.  Why put your money into a traditional bank savings account and earn only 1-2% interest when you can more than double your interest earnings with Emigrant Direct?

Emigrant Direct Savings Account Details

As with most other online savings accounts, Emigrant Direct does not require a minimum deposit to open the account, and you are not required to have an Emigrant Bank checking account.  You can link any existing checking account with your Emigrant Direct savings account, for funding the savings account or withdrawing money from the account.  In fact, you can connect up to 4 checking accounts if you would like. Additionally, you can set your account up so that it automatically receives a transferred deposit from your checking account on a regular basis.

Regardless of what your account balance is in your Emigrant Direct savings account, you will never be charged any maintenance fees or annual fees.  Ever cent you earn in savings account interest is money you get to keep!

Signing up for a savings account with Emigrant Direct is easy- and the entire process is done online.  You'll get your approval quickly, and can start using your account in a matter of days.

Money in your Emigrant Direct savings account is FDIC insured for up to $100,000 per depositor.  Money that is saved with an online bank establishment as safe as traditional banking.

Certificate of Deposit Products at Emigrant Direct

Any Emigrant Direct savings account holder is able to open a certificate of deposit with Emigrant Direct.  With a minimum deposit of just $1,000 you can select a term of 6 months to 10 years and receive 5.20% APY.  Interest is compounded on a daily basis and credited monthly.  You'll benefit most from a CD if you do not withdraw the money before your term is up and the CD reaches maturity as there is a penalty fee charged if you must withdraw the money prior to the maturity date.

Other Finance Options

Emigrant Direct also provides a cash back platinum MasterCard, featuring the highest percentage of cash back rewards of all credit cards, 1.4%.  When you use the card and earn cash back, the amount is automatically deposited into your Emigrant Direct savings account.

There is no annual fee charged for having or using the platinum MasterCard, and there are no limits to how much cash back you can earn.  When your 1.4% cash back (received for making purchases you have to make anyway) is deposited into your Emigrant savings account, it begins earning 5.05% interest- how's that for increasing your wealth easily? 

For more information, visit www.emigrantdirect.com.