Emigrant Direct now at 4.0% APY

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Sweet. American Dream Savings Account is now paying 4% APY [Info Page, Bank Review], up from 3.50% and leapfrogging basically everyone in the liquid online savings arena, including Presidential Bank’s Premier Savings Account. And I just moved over ten thousand dollars out of Emigrant in the last two months. But I don’t think the interest rate wars are over yet. Things continue to look up for savers! An arbitraged $20,000 balance transfer at 0% APR would now earn $800 a year!

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Comments

  1. Matt Hartrich says:

    Awesome! I just moved a chunk of money into my
    Emigrant account.

  2. Word to your mother. Good stuff!

  3. dang. I love it when they fight over our business 🙂 time to get me an emigrant account….

  4. Can you attach multiple outside accounts to one Emigrant Direct account? If you have two checking accounts for example, can you attach both of them to the same Emigrant account?

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