Emigrant Direct now at 4.50%
EmigrantDirect's Online Savings Account has boosted its rate to 4.50% APY. This tops both ING Direct and HSBC as the highest (non promotional/temporary) interest rate available. I have most of my short term savings and 0% Balance Transfers in my Emigrant Direct savings account.
posted by 2million at
3/17/2006 06:36:00 PM
4 Comments:
$2M,
It's amazing they finally upped the rate. Although Emigrant is near the top on rates, it always feels like they delay and have to be pulled to keep their near top position.
This is the second time I was just about to move my money when they raised the rate.
A friend of mine has an account with Umbrella Bank and says they increase rates very quickly. I'm tempted to change.
However, maybe it just makes sense to keep MM accounts open with several banks and shift money as the rates change.
I think My Money Blog has a calculator to determine if a move makes sense.
Has anyone tried this approach?
Regards,
Making Our Way
http://makingourway.blogspot.com
By
makingourway, at 8:53 PM
I have the same quesions as the previous poster... any help will be great!!!
By
Anonymous, at 10:39 PM
Interesting - I never paid a fee for any transfers.
Here is what I typically do. I have set up an external link with each of my savings accounts, Emigrant Direct, HSBC, and ING Direct to my checking account. They all have there own process for doing this so I won't get into the details, but its fairly easy to do. Once the accounts are linked you can pull or send money to/from your checking account usually in 2-4 business days and there are no costs involved (at least i haven't had any).
That being said I typically don't bother moving the money from one savings account to the other - I have most of my money sitting in Emigrant Direct at the moment.
By
2million, at 9:17 AM
Just a general observation…
Gold & silver
could help you reach your goal much faster then you think. But then, what will you be able to buy with 2 M $ ten years for now is unknown and will probably worth much less then today's buying power of the same amount.
Good luck.
By
troy, at 5:36 AM
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