| Deposits FDIC Insured | Yes |
| Insured Bank | Emigrant Bank |
| FDIC Certificate # | 12054 |
| Date Established | 1850 |
| Assets | $6.52 billion |
| Loans | $4.62 billion |
| Deposits | $4.85 billion |
| Capital | $1.41 billion |
For a more detailed analysis of Emigrant Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.
| Online Savings and Money Market Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Online Savings Account
|
4.35% | $1 | - |
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|
| Online CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Month CD
|
2.50% | $1,000 | - |
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|
| 24 Month CD
|
3.00% | $1,000 | - |
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|
| 30 Month CD
|
3.00% | $1,000 | - |
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|
| 36 Month Online CD
|
4.00% | $1,000 | - |
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|
| 60 Month CD
|
3.00% | $1,000 | - |
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|
My Savings Direct, a division of Emigrant Bank, has raised their online savings rate to 2.40%. This is currently the best online savings rate available nationally.
My Savings Direct, a division of Emigrant Direct, has lowered its online savings rate from 2.00 to 1.90% APY. While the rate is still competititve, it feels like we are a long way from this past summer with this bank topped out at 2.50% APY.
My Savings Direct has lowered its online savings rate to 1.80% APY. The Emigrant Direct subsidiary's rate is now a far cry from where it peaked at 2.50% in the Spring of 2019.
My Savings Direct, a division of Emigrant, is continuing its drip-drip-drip lowering of savings rates with rates now at 1.60% APY. While a lowering of rates is perfectly understandable in the current environment, it is disappointing to long-term customers as Emigrant is currently offering a 1.80% APY rate in its Dollar Savings Direct accounts.
My Savings Direct, a division of Emigrant Bank is encouraged to provide us with this information. When we receive this information from the online bank, we will provide it here.
Customer Reviews for My Savings Direct, a division of Emigrant Bank (25)
not perfect but
April 25, 2023 |
with all of these online bank, including the well known ones, delaying transfers forever in order to fund these high rates, this one still executes inbound and outbound transfers immediately.
Is this review helpful? Yes:1 / No: 0
New applicant23
January 7, 2023 |
They said would notify me in 2 business days about my savings application which had nothing wrong. 5 business days now and no response was given, not even an email.
Is this review helpful? Yes:8 / No: 0
New applicant23
January 7, 2023 |
They said would notify me in 2 business days about my savings application which had nothing wrong. 5 business days now and no response was given, not even an email.
Is this review helpful? Yes:6 / No: 0
Jak in Arizona
December 26, 2022 |
I have had my saving direct,dollar savings direct and emigrant for many years. I have never had issues with bank to bank transfers, either in funding or with withdrawal s. You do need to keep on top of them for rate changes, but big deal. If they drop too low,just move your money. I closed emigrant since they are not competitive with the other two. You have to shop around for the best rates on CDs too. My checking account is still paying less than 1%!!
Is this review helpful? Yes:7 / No: 0
1969Soccer-Argentina
December 16, 2022 |
I opened an account this morning when I saw the 4.35%. My bad. I had tried with Emigrant or Dollar Savings years ago and forgot that it is impossible to add funding accounts and they never accepted a Morgan Stanley account. The rate is still nice, and they don't play games with delaying deposits and setting caps on withdrawals like the other NY banks.
Is this review helpful? Yes:4 / No: 3
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