| Emigrant Direct Registration = Successful. |
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projekscerious
Member
Cash: $ 2.10
Posts: 10
Joined: 01 Mar 2006
Location: Mississippi
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| Emigrant Direct Registration = Successful. |
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I finally completed the registration process towards my new Emigrant Direct savings account (4.25% APY). The whole process took about ten business days, five of which I had to wait for ED to mail a comfirmation letter. So far so good as the instrutions were straight forward. Now I've heard a lot of complaints about ED and their customer service, mostly bad experiences of applying for an account and the long periods it takes for them to transfer money between bank accounts. Anyways my main concern is ED's online banking system user friendly and straight forward basically in transfering and depositing? On average how much time does it take between transactions?
Thanks in advances for your replies.
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Tue Mar 14, 2006 2:54 am |
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projekscerious
Member
Cash: $ 2.10
Posts: 10
Joined: 01 Mar 2006
Location: Mississippi
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| Rate increases from 4.25% to $4.50% |
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I went to check up on my account today and on Emigrant Directs home page I noticed that their interest rate had an increase of .25%. I believe this is a really good rate, especially on a savings account. It's making me think whats the catch?
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Thu Mar 16, 2006 10:16 pm |
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JBendar
Senior Member
Cash: $ 49.60
Posts: 271
Joined: 22 Mar 2004
Location: Woodbridge, New Jersey
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| Emigrant Direct |
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It is called competition. In the business world everybody watches what everyone else does. In order to gain your business they compete with each other. ING Direct has the Orange Savings account. HSBC has their equivalent account. Emigrant does not want to be out of the picture so they match the other companies' rates. It is a matter of personal preference. ING Direct is more familiar to me than Emigrant, although I am sure that the Emigrant account is just as good. 
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Fri Mar 17, 2006 1:01 am |
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projekscerious
Member
Cash: $ 2.10
Posts: 10
Joined: 01 Mar 2006
Location: Mississippi
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FYI, Emigrant Direct savings account is up at 5.00%, that is savings bond interest yields right there. Gotta love competition. 
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Wed Jul 05, 2006 4:12 am |
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forexmaestro
Contributing Member
Cash: $ 7.60
Posts: 37
Joined: 25 Jun 2006
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Just seems like you would need to start out with a lot of money if you want to see any good returns quicker than 150 years later.
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Sat Jul 08, 2006 3:24 am |
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projekscerious
Member
Cash: $ 2.10
Posts: 10
Joined: 01 Mar 2006
Location: Mississippi
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Yes, that is true. So someone with 100k just laying around could really benifit from this, but truthfully if I had that kind of money I would invest it into something else, such as real estate. Anyways I was wondering, with all this competitive interest rates, how high will they go? 10% APR would be nice, but I don't think thats going to happen though. 
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Tue Jul 11, 2006 4:20 am |
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forexmaestro
Contributing Member
Cash: $ 7.60
Posts: 37
Joined: 25 Jun 2006
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I thought that back in the 80's you could get savings bonds or CD's that were paying 18% or something like that.... is that true?
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Tue Jul 11, 2006 5:46 am |
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Blue Eyed Cat
Contributing Member
Cash: $ 2.90
Posts: 29
Joined: 12 Jul 2006
Location: Central Florida
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Yes in the early 80s you could get CDs at 17 and 18% and mortgages were 16%. Very few people could qualify for a mortgage or pay the monthly mortgage amount. Fortunately this didn't last long. It is nice to make high interest but not so good to have to pay it. That was also the time when credit card interest shot up and for a lot of folks it is still high. A couple of years ago I learned our daughter was paying 29.99% on her credit card.
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Wed Jul 12, 2006 10:12 pm |
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