http://www.emigrant-direct.com/?source=Google#
blows everyone else away , is this legit ?
Full Version: Emigrant Bank offering 3.00 % on money market
QUOTE(zoom @ 1-31-05, 12:48am)
While I have no experience with this bank personally, I see they are FDIC insured which is important. I'd do some research on them through the FDIC, and hopefully others here will have some input or experience with them to post.
QUOTE
Some Frequently asked questions:
What is EmigrantDirect and who is Emigrant Savings Bank?
Is EmigrantDirect FDIC insured?
What is EmigrantDirect and who is Emigrant Savings Bank?
EmigrantDirect is the online banking division of Emigrant Savings Bank. It is for consumer accounts only. Emigrant Savings Bank was founded by Irish emigrants as a mutual savings bank in 1850. By the 1920’s it had grown to become the largest savings bank in the nation.
Today, Emigrant has $10 billion in assets and more than $1 billion in net worth. It operates as a full service bank through 36 branches in the New York metropolitan area, and through EmigrantDirect.com on the internet.
As a traditional savings bank, Emigrant originates home loans in New York and 19 other states. Last year, Emigrant provided 5,000 home loans totaling $1.62 billion. As of year-end 2004, Emigrant has 250,000 depositors and 22,000 home loans. In addition to its own substantial loan portfolio, Emigrant has a loan-servicing portfolio of more than $7 billion for third parties.
Emigrant’s wealth management division, New York Private Bank & Trust, has its own deposit products starting at $500,000. Emigrant Savings Bank is regulated by both State and Federal regulators. All deposits are insured by the FDIC up to the legal limit.
Is EmigrantDirect FDIC insured?
EmigrantDirect is the online banking division of Emigrant Savings Bank. Your deposit at EmigrantDirect are FDIC insured up to $100,000 per depositor. Keep in mind that individual and joint accounts are insured separately, so if you have both types of accounts with us, your total deposits can be insured up to $200,000; that’s up to $100,000 in all your individual accounts, and up to an additional $100,000 in your joint accounts. You can learn more about the FDIC at their website, www.fdic.gov.
https://www.emigrant.com/EmigrantDirect/faqs.html
Emigrant is a legit bank. I have personally worked with this institution.
I saw this offer before, and misread the terms. I thought that you could only make one deposit into the account. I've reread the terms, and see it just says you can only make one check deposit, and after that, all deposit must be made electronically.
Their rate is almost 1% higher than the competition. I'm baffled as to how/why they do it, and/or how long it will last.
I may sign up for this.
I saw this offer before, and misread the terms. I thought that you could only make one deposit into the account. I've reread the terms, and see it just says you can only make one check deposit, and after that, all deposit must be made electronically.
Their rate is almost 1% higher than the competition. I'm baffled as to how/why they do it, and/or how long it will last.
I may sign up for this.
Any sign-up bonus? 
Look they have an ad at the bottom of this web page !!
they are beating ING by .65%
3% APY Savings Account
More Money for Your Money. No fees. No minimum. FDIC.
they are beating ING by .65%
3% APY Savings Account
More Money for Your Money. No fees. No minimum. FDIC.
EmigrantDirect has increased there rate
Savings account to 3.25%
Savings account to 3.25%
Wow this is great. I've never had a "money market" account, though, not sure how it's different from checking/savings account.
Awesome, I created an account with them about a month ago, fairly painless experience. I'd recommend them, though they are not as professional as ING.
QUOTE(Cole @ 3-14-05, 6:47pm)
Wow this is great. I've never had a "money market" account, though, not sure how it's different from checking/savings account.
Usually it just means they ask for a higher minimum balance, etc. Like one step up from a savings account or checking with interest. Still FDIC insured, still guaranteed percentage of return with no risk.
Their American Dream account now offers 4.0%.
One thing I didn't like about Emigrant was their UI. It looks like something they just slapped up there to get the product out. I know it's nitpicking but their URL isn't even emigrantdirect.com (https://cib.ibanking-services.com) and their favicon is Netscape!
Here's a good comparision of ING and Emigrant:
ING vs Emigrant
Here's a good comparision of ING and Emigrant:
ING vs Emigrant
Really should update that title...
QUOTE(swm2000 @ 1-22-06, 11:04am)
One thing I didn't like about Emigrant was their UI. It looks like something they just slapped up there to get the product out. I know it's nitpicking but their URL isn't even emigrantdirect.com (https://cib.ibanking-services.com) and their favicon is Netscape!
Here's a good comparision of ING and Emigrant:
ING vs Emigrant
Here's a good comparision of ING and Emigrant:
ING vs Emigrant
If I had to choose between a better UI or a better interest rate, I'd choose the better interest rate everytime.
it's 4.25% now...
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