Dollar Savings Direct Account A Review
Dollar Savings Direct Account offers an interest rate of 4.00 pc, which is among the highest you will see this season, according to the latest personal finance tips gurus. The guys behind Dollar Savings Direct are the same as the creators of Emigrant Direct, which was not a very popular service and there were inklings of security issues. The high interest rate provided by Dollar Savings Direct has attracted attention as well as interest. There has been a lot of activity in the personal finance tips sites. Many people who were disillusioned by Emigrant Direct are more than willing to give the service a second chance. The Emigrant Direct guys have done an excellent job of copy paste – the company is the same, your money is in the same bank, even the color scheme, the internal interfaces of the websites are downright identical, which seems to mystify many users, especially those of Emigrant Direct.
It actually made sense for Emigrant Direct to create a whole new brand online, rather than increasing the interest rates for the present systems. That way they can attract new customers with the high interest rates, and not have to pay at the same interest rates to the Emigrant Direct customers. It is relatively easy to open up a new account at Dollar Savings Direct in any case, so things are fine even for the old customers. The process for opening an account with Dollar Savings is pretty simple, as well as being completely online, unlike the Emigrant Direct. You have to enter personal info, link a checking account using an account and routing number, deposit a minimum amount of $ 1000, and then hit submit. The account gets opened in a minimum of two working days. Trial deposits are used for verification; although these are withdrawn. Emigrant Bank has a good reputation, it was established in 1850, and has about fourteen billion in assets.
