EmigrantDirect's Savings Rate is Decreasing

Just got notice:

EmigrantDirect's savings rate was decreased effective September 30, 2006 to 5.05% APY.

Interesting. The rate wars are calming down a bit. Might be a good time to start locking in longer term rates.

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Comments (5)

WOW! looks like those eloan.com rates are looking a lot more attractive right now... I am thinking about locking in the 1 year cd at 5.50 I belive..

Posted by garrett | September 30, 2006 2:34 AM

I just brought an 8 month CD at World Savings in California with a 5.61% apy (5.46%? raw). $10k minimum. This using 0% money from a CC advance [lol].

Posted by Jojo | September 30, 2006 3:48 AM

you should put your money in SHY - lehman 2 yr bonds

Posted by empty spaces | September 30, 2006 3:56 AM

I have an EmigrantDirect account and it's still 5.15%. I think the 5.05% are for new customers.

Posted by zonie | October 8, 2006 5:14 PM

Zonie,
Hate to be the bearer of bad news - if you have a EmigrantDirect savings account the rate did drop to 5.05% unless you know something the rest of us don't. Log into your account to confirm.

Posted by 2 million | October 8, 2006 7:05 PM