-
I'll steer clear of Dollar Savings Direct and My Savings Direct until they guarantee users at both online divisions their best rates. Banks have the right to segment their customers yes, but these games with moving rates at one and not the other are silly and don't value us and force us to move money all around to stay competitive.
-
This is my third time around the block with Dollar and Emigrant. There is always a time to come and a time to go. It is an easy bank to work with and as long as the rate is competitive, it is fine. So, with the rate at 3.11% and most banks below 3%, this is a time to come.
-
I disagree strongly with some of the other reviews here. This is a known bank in New York with a functional website. Sure they play games with the different rates on different sites, but it is worth betting that they'd be too smart to lower the rate now. It is 3% now. You need to ignore the nonsense and take what comes at you. Just pay attention. Would you really rather be in Barclays @ 2 or Ally @ 2.1?
-
Dollar Savings Direct is as close as anything gets to a scam without being labeled a scam. CDs renewing below market rates at no notice. Savings rates going above market levels and then way below (again no notice). A barrage of letters and emails imploring you to buy gold and store with them (more costly than ETFs like GLD, IAU, AAAU).
-
DSD is fine as long as you check the rate everyday. One day you wake up and it is paying zero. Then you switch to dollarsavingsdirect. Never stay over $250k in the two combined. Emigrant Bank plays bait and switch, but they usually keep one of the two very competitive.
-
I have a savings account with MySavingsDirect and these make me close it, move the money out, open a new account with Dollar Savings Direct, fund it, finally get the money transferred. I lost 2 weeks of interest in order to get a 5-year CD at 2.80%. It is all Emigrant!
-
It is a great strategy. Three brands - Emigrant Direct, My Savings Direct and Dollar Savings Direct. As if on a carrousel, one is always high, one is always competitive, and one is always not competitive. It is a great gig that screws every customer, except those that have the time to switch out quickly.
-
I am not sure where all of the 3 star reviews are coming from. I have been with them for several months. Their rate has held at the same 1.80% level now and is no longer competitive, especially given how poor their customer service is.
lenny | Aug 17, 2018
because APR is no longer competitive I want to go else where unless they raise rate.
-
This is the only bank I know that requires someone to use a checking account only for all ACH transfers. You can add a second checking account for ACH use only by mailing them a form and waiting for them to process it. The only wire transfer they will allow is also to your designated checking account. They obviously do not find customer satisfaction to be a priority and find their own preferences to be more important.
-
I tried to open an account and was denied because on my application I used my full name-first, middle, and last. My funding account was listed under my middle name since this is the name I have used my whole life. I called them hoping to clear up the problem and was told I would have to get a letter from my bank sent to them saying that I was who I said I was and send them a copy of my driver's license...While I can appreciate their diligence in vetting, I was very disappointed in the lack of customer service in fixing the problem.
-
Their rates do tend to drop after 6-12 months (they rotate the high rate to another of their brand names), but while it lasts, it works great. Website is simple/efficient (I don't need pretty, just pay me the best rate), and ACH transfers in-out are as fast as you'll find.
Jeffrey | Jul 13, 2017
This is spot-on. Yes.
- «
- Page 1 of 1
- »
J Dally
Jun 13, 2023 |