DollarSavingsDirect with Savings Interest Rates at 2.00% APY
DollarSavings Direct invites consumers to open a Dollar Savings Account online and enjoy their best interest rate at 2.00% APY . The minimum amount required to open the account and earn the top rate is just $1000. The yield drops to 1.00% APY in the event the average daily balance drops below the requirements.
DollarSavings Direct is the online division of Emigrant Bank. The latter has been offering this same high yield savings account promo targeting Spanish speaking residents through the BancoFortuna website before.
Interested consumers can fill up an application online. Here are some of the account details printed on their disclosure and FAQ:
According to the customer service representative the rates may change any time. This money in the bank deal started to offer a top rate of 3.75% APY before and have dropped significantly in the previous months. It will be best to call the bank before signing up for anything.
Emigrant bank is insured with the FDIC since 1934 and has certificate number 12054.
It will be best to stay within the limits of the FDIC. The bank’s performance is not that well with a 3-star review from Bauerfinancial and a 2-star rating from bankrate.com.
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