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Re: EmigrantDirect Your experiences and opinions appreciated.
Old 07-13-2006, 01:13 PM   #21
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Re: EmigrantDirect Your experiences and opinions appreciated.

Quote:
Originally Posted by 3 Yrs to Go
EmigrantDirect is offering 5%
Vanguard Prime MM is yielding 4.98%
Why do I need EmigrantDirect?
You probably don't. I gave up chasing the yield back when ING, emigrant and HSBC were all trying to one-up each other. Why spend all that time and effort chasing yield for a few extra bucks when I can go w/ Vanguard MM account and only potentially lose ~10 basis points?

In fact, I got into the VG Treasury Money Market Admiral Account ($50k minimum) and the effective pre-tax yield is about 5.1% for me right now.
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Re: EmigrantDirect Your experiences and opinions appreciated.
Old 07-13-2006, 07:09 PM   #22
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Re: EmigrantDirect Your experiences and opinions appreciated.

Emigrant was never as sophisticated as ING but was usually 25 to now 65 basis points highter than ING so ING lost my business except for the mininum $1.

Quote:
Originally Posted by justin
In fact, I got into the VG Treasury Money Market Admiral Account ($50k minimum) and the effective pre-tax yield is about 5.1% for me right now.
I thought because it was admiral shares, I needed $100k. Just move my money from their Prime MM to the Adm Treasuries MM. Thanks

Because I expected a very large sum of money when I sold my house, besides having ING and Emigrant, I opened up Citi eSavings and HSBC accounts. I will need the ATM cards from Citi and HSBC to get fee free cash from their ATM machines when begin travelling.

BTW, all online MM saving accounts are limited to 6 online withdrawals per month as per Federal requirement. I was a bit suprised when several online transfers I made from my citi MM to citi checking was counted as one of the 6 allowed but you can do unlimited transfers out through an ATM machine. Federal regulations, go figure.
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Re: EmigrantDirect Your experiences and opinions appreciated.
Old 07-13-2006, 07:14 PM   #23
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Re: EmigrantDirect Your experiences and opinions appreciated.

Quote:
Originally Posted by Scrooge
He, if you think that opening an account with Emigrant was too complex, don't even try HSBC
Boy is that an understatement. Having lived through the ordeal, I wouldn't willingly do it again for the .05% difference to ED. I've heard Presidential is even worse than HSBC though!
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Re: EmigrantDirect Your experiences and opinions appreciated.
Old 07-14-2006, 10:21 AM   #24
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Re: EmigrantDirect Your experiences and opinions appreciated.

got this in my email this am. Apparently there going to have a better website-

Our new website will be launched on Monday, July 24, 2006.

From that date forward, the first time you access the new website a new secure access code will be required. This new secure access code was recently mailed to the home address we have on file for you and should arrive in the next few days. Please be on the lookout for this important mailing.

Also, please note that the EmigrantDirect.com website will not be available from Friday, July 21, 2006, at 5:00 PM ET to Monday, July 24, 2006, at 9:00 AM ET due to our conversion to the new website.

We are pleased to be able to bring you the best functionality and security in the industry with our new website.


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Re: EmigrantDirect Your experiences and opinions appreciated.
Old 07-14-2006, 02:27 PM   #25
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Re: EmigrantDirect Your experiences and opinions appreciated.

When I opened my EmigrantDirect account last year, they sent
me a FREE white hat with blue and red letters!
(it says "EmigrantDirect".)

I must have won their new customer lottery.
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Re: EmigrantDirect Your experiences and opinions appreciated.
Old 07-14-2006, 02:32 PM   #26
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Re: EmigrantDirect Your experiences and opinions appreciated.

don't want to prick your balloon, but they sent one to all their clients.* what were they thinking?
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Re: EmigrantDirect Your experiences and opinions appreciated.
Old 07-14-2006, 02:42 PM   #27
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Re: EmigrantDirect Your experiences and opinions appreciated.

Quote:
Originally Posted by d
don't want to prick your balloon, but they sent one to all their clients. what were they thinking?
One? They sent me two. :

http://early-retirement.org/forums/i...52860#msg52860

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Re: EmigrantDirect Your experiences and opinions appreciated.
Old 07-14-2006, 03:11 PM   #28
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Re: EmigrantDirect Your experiences and opinions appreciated.

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One?* They sent me two
life it not fair
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Re: EmigrantDirect Your experiences and opinions appreciated.
Old 07-14-2006, 04:38 PM   #29
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Re: EmigrantDirect Your experiences and opinions appreciated.

I didn't get one! Life isn't fair!
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Re: EmigrantDirect Your experiences and opinions appreciated.
Old 07-14-2006, 05:01 PM   #30
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Re: EmigrantDirect Your experiences and opinions appreciated.

Quote:
Originally Posted by Laurence
I didn't get one! Life isn't fair!
PM me with your mailing address and I'll send you one of mine. I haven't worn them since the damn things are pure white, a useless color from a practical use standpoint in this part of the world.

But since you live in climate heaven there in SD, sweat and dust probably aren't an issue...

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Re: EmigrantDirect Your experiences and opinions appreciated.
Old 07-14-2006, 05:11 PM   #31
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Re: EmigrantDirect Your experiences and opinions appreciated.

Give GMAC a try. It has the highest MM rate and very competitive CD rate. I like it.
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Old 07-15-2006, 01:18 PM   #32
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Re: EmigrantDirect Your experiences and opinions appreciated.

I tried to give my emigrant direct hat away to a guy as part of a large garage cleaning/freecycle thing and he didnt want it.

"what were they thinking" is right... :
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Re: EmigrantDirect Your experiences and opinions appreciated.
Old 07-15-2006, 07:29 PM   #33
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Re: EmigrantDirect Your experiences and opinions appreciated.

Quote:
Originally Posted by semtex
Give GMAC a try. It has the highest MM rate and very competitive CD rate. I like it.
Online MM rates appear to be getting more and more competitive. According to Bankrate.com, GMAC is paying 4.93% with a $500 minimum while HSBC is paying 4.95% with no minimum, although GMAC lets you write checks. It was probably different last time you checked, though, since rates jump around all the time.

I wonder if MM rates at most online bank will eventually become so close that the deciding factor will be fringe benefits? For example, hats?*
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Re: EmigrantDirect Your experiences and opinions appreciated.
Old 07-15-2006, 08:33 PM   #34
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Re: EmigrantDirect Your experiences and opinions appreciated.

Ohh if they gave out Safari hats I might be interested!
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Re: EmigrantDirect Your experiences and opinions appreciated.
Old 07-15-2006, 09:16 PM   #35
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Re: EmigrantDirect Your experiences and opinions appreciated.

For those of you who use one or the other, do you worry about the $100,000 FDIC insured maximum? Do you only keep around $100k in your accounts? I use both ING and ED and split my money between them.
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Re: EmigrantDirect Your experiences and opinions appreciated.
Old 07-15-2006, 10:24 PM   #36
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Re: EmigrantDirect Your experiences and opinions appreciated.

Quote:
Originally Posted by biophase
For those of you who use one or the other, do you worry about the $100,000 FDIC insured maximum?* Do you only keep around $100k in your accounts?* I use both ING and ED and split my money between them.
I use HSBC, EmigrantDirect and a local bank for the very reason outlined above*

There is a company (IDC Deposits) that will let you put more than $100K into a composite account that will be FDIC insured. They apparently do it by splitting your money between multiple <$100K FIDC insured accounts in a manner that is transparent to you. It may be worth the extra cost if you have 10-20+ FDIC insured accounts, all under $100K, but I don't have that much cash, so I never looked into it in-depth.
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Re: EmigrantDirect Your experiences and opinions appreciated.
Old 07-15-2006, 11:21 PM   #37
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Re: EmigrantDirect Your experiences and opinions appreciated.

Emigrant is good, ING I am not familair with
Citibank is now is the same 5% business

Of all I thinh HSBC is the best.
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Old 07-20-2006, 06:19 PM   #38
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Re: EmigrantDirect Your experiences and opinions appreciated.

I've had good experiences with ING, Emigrant, and most recently, AmboyDirect. Right now I believe AmboyDirect offers about 0.05% APR higher than Emigrant.

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Re: EmigrantDirect Your experiences and opinions appreciated.
Old 07-20-2006, 06:45 PM   #39
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Re: EmigrantDirect Your experiences and opinions appreciated.

effective 7/28, EmigrantDirect will be paying 5.15% (no mention of more hats)
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Old 07-20-2006, 07:05 PM   #40
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Re: EmigrantDirect Your experiences and opinions appreciated.

Wow, when I first opened my account with Emigrant it was paying 3.25%, I tell ya, this is the reward for being a LBYM saver vice a live for today spendthrift! I'm giddy watching the numbers climb!

(No talking about inflation to rain on my parade here, o.k.? )
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