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Welcome ZDNet readers of Greg Sandoval’s article “System glitches hit two banks’ online services ^[3],” I thought given the latest website problems of Emigrant Direct you might find a recent article I wrote most appropriate. The article is titled Spread Your Savings Across Multiple Online Banks ^[4] and it discusses why you might not want to put all your savings into just one online bank. Enjoy!

If you’re an Emigrant Direct ^[5] account holder, keep an eye out in your mail in the next few days because ED will be sending you a small little letter about their new website interface and new rate information.

Important Notice For American Dream Savings Account Holders

We’re proud to announce that on Monday July 24th, 2006, the new EmigrantDirect.com website will be launched. We’ve listened to your comments and worked hard to give you a better online banking experience. Very important: In order to access your account, when prompted, you must enter your new secure access code. Your new secure access code appears below.

Also included, right under your secure 10 digit access code, is a note that they’re raising rates to 5.15% effective July 28th, 2006 too. Not bad!