Available nationwide, Dollar Savings Direct is offering a rate of 0.50% APY when you open an Online Savings Account.
Continue reading below to learn everything you need to know about Dollar Savings Direct.
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About Dollar Savings Direct Online Savings
Dollar Savings Direct is a division of Emigrant Bank. Emigrant Bank was founded by Irish emigrants as a mutual savings bank in 1850. By the 1920s it had grown to become the largest savings bank in the nation.
As a traditional savings bank, Emigrant Bank, through its mortgage banking subsidiary, Emigrant Mortgage Company, is licensed to originate home loans and has provided 16,700 home loans.
I’ll review Dollar Savings Direct Online Savings below.
Dollar Savings Direct Online Savings Rate
To earn this generous rate, simply open up a new savings account and you will be on your way to earning the fantastic APY Rate on your funds.
- Account Type: Online Savings
- Interest Rate: 0.50% APY
- Minimum Balance: None
- Maximum Balance: None
- Availability: Nationwide Online (Bank Locator)
- Credit Inquiry: Unknown
- Opening Deposit: None Listed
- Credit Card Funding: Unknown. Let us know.
- Direct Deposit Requirement: None
- Monthly Fee: None
- Early Termination Fee: None, check with CSR for more information
American Express® High Yield Savings Account - You earn 0.40% interest rate along with no minimum deposits or monthly fees. Amex High Yield Savings account has been my favorite Hub account for the past 7 years. Using this account to Pull/Push your money is absolutely necessary when you have many accounts. Here's why:
*No dollar limitations for ACH transfers - When you find a top bank rate account, you don't want to be limited to just $5K or $10K transfers. Amex Savings will let you transfers as much as you want whether you are pulling or pushing money from and to an external bank account.
*1 to 2 business days ACH transfers speed - With top-notch user interface, you get your money to another external account or pull money from another bank account within a day or two.
*No loss of interest during transfers - On the day you initiate your transaction on the high yield savings account website, the funds will be reflected in your Current Balance and begin earning interest.
Some other features from American Express High Yield Savings Account include Free Wire Transfers, 3 maximum linked accounts, and maximum 6 ACH withdrawals per month.
Savings account offers are frequently updated. Find the best nationwide Savings/Money Market rates here, and the best Savings account bonuses here. The Axos Bank and CIT Bank accounts offer great rates available nationwide which I recommend.
|Aspiration||1.00% APY + $100 Cash||Review|
|Axos Bank High Yield Savings||0.61% APY + $100 Cash||Review|
|Axos My Savings Builder||Up to 0.70% APY||Review|
|Axos Bank High Yield Money Market||0.60% APY||Review|
|CIT Bank Money Market||0.45% APY||Review|
|American Express High Yield Savings||0.40% APY||Review|
|Discover Bank Online Savings||0.40% APY||Review|
Dollar Savings Direct ACH Capabilities & Limits
|ACH Type||Speed||Daily $ Limit||Monthly $ Limit||Notes|
Editor’s Note: Help us with the table above in the comment section if you have experience with Dollar Savings Direct’s ACH capabilities.
How to Earn Dollar Savings Direct Rate
- Apply and sign up online. You must provide all of your personal credentials.
- Open an Online Savings Account from Dollar Savings Direct.
- Earn the 0.50% rate and gain access with all of their features on all balances
|Balance Requirement||APY Rate|
Why You Should Sign Up For This Account
- No minimum balance or monthly fees
- Easy online account management
- Free telephone banking
- FDIC-insured for your peace of mind
Don’t hesitate to take advantage of this competitive rate offered by Dollar Savings Direct! The account has a great rate on your account balances and it does not have any monthly fees to worry about. Let us know about your experience with this bank and comment below.
For more bank offers, see the complete list of Best Bank Rates!
Check back often to see the latest info on Dollar Savings Direct Online Savings Account.