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Emigrant Direct LOWERS Rate to 5.05%

Posted By Jim On 09/29/2006 @ 1:19 pm In Banking,Credit | 6 Comments

Looks like Emigrant Direct [3] has enough money and that it doesn’t need anymore… they announced today that they were dropping their interest rates from 5.15% to 5.05% effective tomorrow (the 30th). ING Direct’s [4] current rate is a paltry 4.40% and there are a whole slew of online banks offering much higher rates including newcomer E-Loan and their 5.50% rate.

Right now, if I was going to open an online account I’d go with E-Loan. Check out Bank Deals for information on the details of the E-Loan offering [5] and Punny Money for real life anecdote on how to open an E-Loan savings account [6].

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[2] Email: mailto:?subject=http://www.bargaineering.com/articles/emigrant-direct-lowers-rate-to-505.html

[3] Emigrant Direct: http://www.bargaineering.com/articles/r/emigrantdirect.php

[4] ING Direct’s: http://www.bargaineering.com/articles/r/ingdirect.php

[5] information on the details of the E-Loan offering: http://bankdeals.blogspot.com/2006/09/update-on-e-loans-550-online-savings.html

[6] anecdote on how to open an E-Loan savings account: http://www.punny.org/money/how-to-open-your-new-e-loan-550-apy-savings-account-part-1/

Thank you for reading!