new high savings account

iVillage Member
Registered: 05-09-2005
new high savings account
Sun, 09-07-2008 - 11:43am

Hi,
Just thought you might be interested in the new savings bank division of Emigrant bank --
Dollarsavingsdirect.com

Interest on savings is 3.75 annual percentage yield (or 3.68 annual percentage rate).

Only catch is: you have to have $1,000.00 (at least) in the account to get that rate.
If you have less than $1,000.00 they only pay 1% interest.

But if you have at least $1,000.00 in another savings bank and could fund this account, you might want to consider it.

Fully FDIC insured.

Megan