Emigrant Bank Reviews (26)

Rated 2.67 stars out of 5 - based on 12 reviews
  • Sep 17, 2020 |

    Online Savings Rates

    It is a complete game between MySavings, DollarSavings and Emigrant. Some days one has a competitive rate, the next day the rate on that one has dropped to zero and it is one of the other brands that has the highest rate. Best to just avoid all of the Emigrant brands all together and not play their game.
    Review on the Online bank

  • Mar 31, 2020 |

    Online Savings Rates

    MySavingDirect is bullshit. So is Emigrant. I checked today and they had quietly lowered the rate all the way to 1%. I will close it tomorrow.
    Review on the Online bank

  • Sep 6, 2019 |

    Online Savings Rates

    I hate to write this, because I know I will hit myself the next day when the rates are lower, but with everything that I have read on this blog and other blogs about staying away from Emigrant with all of the games, it is great that they have kept the rate at 2.4% in 2019. I more money here than I would have made at the bigger names that never got this high and are now much lower.
    Review on the Online bank

  • Aug 10, 2019

    Online Savings Rates

    I am still checking the rate daily. In spite of all of the bad will that Emigrant has built over the years with rate hikes and drops and a market where everyone else is dropping, they still haven't dropped it!
    Review on the Online bank

  • Jan 21, 2019 |

    Online Savings Rates

    I've read all of the comments here and on DepositAccounts about the raising and lower of rates by these banks that Emigrant owns. All that I will say is that I have been very happy here for the last few months. I check every few days and if they ever drop the rate or fail to keep pace, I will move it out in a second.
    Review on the Online bank

  • Dec 21, 2018 |

    Online Savings Rates

    I've found site easybtonuse and they are highest. If they stop being highest I can easily move. And emigrant is huge bank
    Review on the Online bank

  • Dec 17, 2018

    Online Savings Rates

    I think you all should stop complaining about online banks shifting their rates. You are responsible to watch the rates. If I'm putting money into an online bank account I'm not expecting them to be my best friend. However it's my responsibility to watch my money as often as possible if not daily. And then they drop the rate I look for a better one. I think it's pretty straightforward and very simple. All this whining about online banks changing their rates well that's their prerogative. You don't like it go to a regular Bank what's the difference? Big difference online banks evidently pay higher rates.
    Review on the Online bank

  • Nov 15, 2018 | | Replies 1

    Online Savings Rates

    It doesn't look professional at all, but the site is easy to set up and the rate is real.
    Review on the Online bank

    aclient | Dec 15, 2018

    Looks are deceiving. Not only does it appear very professional but with 2.4% on a savings account it's a winner. I'm waiting till mid-December to see what the next step is with the feds. Will the feds hike the rate again is the big question. At that point I will consider a CD.

  • Sep 6, 2018 | | Replies 2

    Online Savings Rates

    The standard Emigrant Bank MO for many years - they lure people in with a competitive rate and then assume we are too lazy or too busy to notice we are getting shafted as they rapidly cut it to near zero.
    Review on the Online bank

    aclient | Dec 12, 2018

    Dec 12 2018
    Really?
    It appears that their online savings account is the highest w/o any fees online that I've found.
    2.4% is pretty good. I'm considering seriously moving some money into this ASAP.

    Jim C | Dec 17, 2018

    I agree with thwi. Emigrant also does the rate hop with their division Dollar Savings. But that rate is too good to ignore, I went in up to max and will pull money as soon as they become uncompetitive which I think is still at least a few months down the road.

  • Sep 5, 2018 |

    Online Savings Rates

    I've been at this long enough to know the Emigrant game. When rates started rising, they raised the My Savings Direct rate to 1%. It stayed there until today. Meanwhile people who deposited were never getting a competitive rate. They did the same with Dollar Savings Direct which they raised 10 months ago to 1.80% to attract deposits but haven't raised since. They attract stupid money with all of these silly brands and make it impossible to do anything but close one account and open another in order to continue to continue to get a competitive rate. I am steering clear of this game.
    Review on the Online bank

  • Jun 21, 2018 |

    Online CDs 6 Month Rates

    I've been working with Dollar Savings Direct for some time now and saw this 2.15% 6 mo rate here so called and asked them to move me into that. They said no. They treat My Savings as completely different from DSD and make me start anew transfer the money in and out. What gives?
    Review on the Online bank

  • Jun 14, 2017 |

    Thanks guys for being honest and truthful...I'll put my money elsewhere...I don't need any more headaches...

  • Sep 13, 2016 |

    Online Savings Rates

    I am not a fan of the falling rates and the silly sales jobs on the website (gold, repossessed homes) but the transfers are always in my linked account the same day.
    Review on the Online bank

  • Jul 28, 2016

    Online Savings Rates

    Website also tried to sell gold and homes they have repossessed. Has anyone traded gold with them and what are your experiences?
    Review on the Online bank

  • Jul 13, 2016

    Your bank in Ossining nu has displayed extremely poor taste neglecting too fly the flag at half staff in light of the assimilation of the 5 police officers in Dallas, especially as it is one of the villages most visible locations

  • Jul 12, 2016 |

    Online Savings Rates

    But I have found this to work well for me!
    Review on the Online bank

  • Mar 17, 2016 | Replies 1

    Savings Rates

    Biggest short coming with this bank is a 2 external bank limit. A real pain in the a$$ to get an external bank verified.
    Review on the Online bank

    ABSO BCC | Mar 17, 2016

    That's for certain. They required me to fill out a form and mail then a cancelled check. Then, they sent me a note saying that Morgan Stanley isn't a qualified bank for ACH, even though no other online bank has a problem ACHing with them.

  • Mar 16, 2016

    Savings Rates

    I've had an account with these guys for a while. Emigrant Bank has a habit of launching new brands with a great rate and then lowering the rate slowly and quietly. While it has yet to fall below 1%, you need to keep an eye on this as they could drop it to zero with no notice. Also, stay below FDIC limits here as the bank is not very sound.
    Review on the Online bank

  • Sep 22, 2015

    Typical Emigrant bank. Begin with a great rate, then make a big reduction. All down hill from here.

  • Sep 15, 2015

    Yeap 1.25% must have been a con game now 1.10%.

  • Sep 14, 2015

    Just lowered their rate to 1.10%!

  • Feb 15, 2015

    did you have branches in Illinois in 1883 to 1895

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