Dollar Savings Direct, A Division Of Emigrant Bank
Online Savings Account - 4.85% APY
Fee and Feature Guide
|
Savings Account |
| Interest Rate |
|
| APY |
4.85% |
| Minimum deposit amount |
$0.00 |
| Maximum deposit amount |
N/A |
| Balance Requirements |
|
| Minimum Opening Deposit |
$0.00
|
| Minimum Balance to Avoid Fees |
$0.00 |
| Minimum Required Balance |
$0.00 |
| Minimum To Earn |
$0.00 |
| Fees |
|
| Monthly Maintenance Fee |
N/A |
| Foreign ATM Fees |
N/A |
| Insufficient Funds Fee |
N/A
|
| Incoming Wires |
N/A
|
| Statements |
|
| Paper Statements |
× |
| Online Statements |
Yes |
| Online and Telephone Banking |
|
| Online Banking |
Yes |
| Telephone Banking |
× |
| Mobile Banking |
× |
| Deposit Checks with Mobile Device |
× |
| Free Bill Pay |
× |
| Online Bill Payments Required |
× |
| Account Opening |
|
| Open Online |
Yes |
| Insured by |
F.D.I.C.
|
Pros
- Easy ACH transfers to other accounts without limits.
- No fees or minimums.
Cons
- Emigrant Bank, DSD's parent, has a history of offering competitive rates in one subsidiary for a few months and then making that rate less competitive and focusing on a different subsidiary.
Recent Rate Changes
|
Date
|
APY
|
|
October 1, 2024 |
4.85%
|
|
August 20, 2023 |
5.00%
|
Customer Reviews for Dollar Savings Direct, a division of Emigrant Bank (28)
J Dally
June 13, 2023 |
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.
Is this review helpful? Yes:0 / No: 0
TresFois
October 17, 2022 |
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.
Is this review helpful? Yes:1 / No: 1
james
September 27, 2022
has strange old rules for link external bank , takes more time and difficult for no check writing today, just want advised for their name and dont want you deposit money to their bank for 3% interest.
Is this review helpful? Yes:0 / No: 5
YE1971
September 25, 2022 |
Had bad experiences before but they kept the account open with a zero balance for years. I'll try again and hope for a better outcome.
Is this review helpful? Yes:0 / No: 0
Disagreeing
September 23, 2022 |
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?
Is this review helpful? Yes:2 / No: 1
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