DollarSavingsDirect raised the rate on their online savings account from 3.75% APY to 4% APY, putting them into a tie for first as the top savings rate on the BestCashCow rate tables. We originally covered DollarSavingsDirect in late August when they first launched seperate from the bank's existing online division EmigrantDirect.com. It's becoming clear that DollarSavingsDirect is the brand that Emigrant wants to use to raise new deposit money.
Comments
Drew
October 10, 2008
NICE!!!!
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tightwad
October 11, 2008
I get a little sick of the marketing ideas of these online banks. Get people signed up at one, then create a new one and offer better rates. AmtrustDirect is another one that likes to do this.
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Steve
October 11, 2008
I don't know whey they didn't just have an offer for new money. Seems like a lot of work to set up a new brand. Anyone have an experience opening an account with them?
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Drew
October 12, 2008
Yes, I opened an account with them and it is fine.
The highest savings rate around!
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