DollarSavingsDirect Raises Online Savings Rate to 4% APY

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DollarSavingsDirect raised the rate on their online savings account from 3.75% APY to 4% APY, putting them at the top rate savings rate spot on the BestCashCow rate tables.

DollarSavingsDirect

DollarSavingsDirect raised the rate on their online savings account from 3.75% APY to 4% APY, putting them into a tie for first as the top savings rate on the BestCashCow rate tablesWe originally covered DollarSavingsDirect in late August when they first launched seperate from the bank's existing online division EmigrantDirect.com.  It's becoming clear that DollarSavingsDirect is the brand that Emigrant wants to use to raise new deposit money. 

Sam Cass
Sam Cass: Sam Cass, MBA, JD, University of Texas at Austin. Always a fan of Leonardo Da Vinci.

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Comments

  • Drew

    October 10, 2008

    NICE!!!!

  • tightwad

    October 11, 2008

    I get a little sick of the marketing ideas of these online banks. Get people signed up at one, then create a new one and offer better rates. AmtrustDirect is another one that likes to do this.

  • Steve

    October 11, 2008

    I don't know whey they didn't just have an offer for new money. Seems like a lot of work to set up a new brand. Anyone have an experience opening an account with them?

  • Drew

    October 12, 2008

    Yes, I opened an account with them and it is fine.

    The highest savings rate around!

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