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EmigrantDirect now up to 4.25% APY
01-26-2006, 12:58 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 2,343
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EmigrantDirect now up to 4.25% APY
Not the leader of pack but still a nice convenient place for store your emergency money. It's hard to believe that this time last year, they were paying the wopping rate of 3%.
http://www.emigrant-direct.com/
MJ
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Re: EmigrantDirect now up to 4.25% APY
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01-26-2006, 01:02 PM
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#2
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Recycles dryer sheets
Join Date: Aug 2004
Posts: 74
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Re: EmigrantDirect now up to 4.25% APY
Yeah - just after I broke down and moved my money to HSBCdirect.* Now, ING has a special for 4.75% through mid-April ( the interest rate reverts after that ).* So, I'm switching back to ING!
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Re: EmigrantDirect now up to 4.25% APY
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01-26-2006, 01:03 PM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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Re: EmigrantDirect now up to 4.25% APY
And I just moved all my cash to vanguards prime. Where its gonna stay. :P
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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Re: EmigrantDirect now up to 4.25% APY
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01-26-2006, 01:05 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Feb 2003
Location: Nomadic in the Rockies
Posts: 2,720
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Re: EmigrantDirect now up to 4.25% APY
Is there sombody paying more that has no minimums or other restrictions? (I *still* have my money sitting at 0.75%...keep thinking I may immediately need it...wasted at least 3 months of interest this way.)
(I saw the ING thing but think I'd like to pick a place and stick with it...I'm not much of a chaser.)
Hmm, after parenthetical CFB's comment I'll have to go check the MM rates again...
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Re: EmigrantDirect now up to 4.25% APY
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01-26-2006, 01:24 PM
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#5
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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Re: EmigrantDirect now up to 4.25% APY
Vanguards gotten a little more competitive lately. Emigrant always seems to have at least a quarter point edge over ING. About the only diff I can see is that emigrant and ING take their sweet time about transferring both in and out while vanguard seems to take one business day to do it. I'll lose a few pennies a year to keep it all in one place.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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Re: EmigrantDirect now up to 4.25% APY
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01-26-2006, 03:30 PM
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#6
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 2,343
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Re: EmigrantDirect now up to 4.25% APY
 Quote:
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Originally Posted by (Cute Fuzzy Bunny)
Emigrant always seems to have at least a quarter point edge over ING. About the only diff I can see is that emigrant and ING take their sweet time about transferring both in and out while vanguard seems to take one business day to do it.
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It has not been my experience
With Emigrant, when I schedule a withdrawal b4 5PM, the amount shows up in my checking account the next day.
With ING, it takes an additional day.
They seemed to be pretty consistent with this schedule.
__________________
I look to the present moment because that's where I live my life.
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Re: EmigrantDirect now up to 4.25% APY
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01-26-2006, 03:41 PM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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Re: EmigrantDirect now up to 4.25% APY
I've never gotten a transfer with either in under 3 business days. Weird.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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Re: EmigrantDirect now up to 4.25% APY
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01-26-2006, 06:46 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Dec 2002
Posts: 3,875
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Re: EmigrantDirect now up to 4.25% APY
I've been getting 4.5% (totally liquid) for several months now with very few
restrictions (I had to open a personal checking account).
Rate is guaranteed for 9 months I think. This is a local bank.
While we were in Texas I was reading the Dallas Morning News and several banks were running big ads for new money
and paying way less than I am getting right here.
Pretty interesting. Also, I bought a 7 month CD today
paying 4.75%. Also a local bank.
JG
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Re: EmigrantDirect now up to 4.25% APY
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01-26-2006, 07:16 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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Re: EmigrantDirect now up to 4.25% APY
I am parking my money in Vangaurd Tax Exempt Money Market- yield 2.89% - same as 4.0% before tax.
__________________
May we live in peace and harmony and be free from all human sufferings.
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Re: EmigrantDirect now up to 4.25% APY
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01-26-2006, 07:45 PM
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#10
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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Re: EmigrantDirect now up to 4.25% APY
My 4% is the same as 4% before tax. Or after tax.
Avoid that tax thing. Makes a lot of stuff a lot easier to figure out...
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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Re: EmigrantDirect now up to 4.25% APY
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01-27-2006, 02:44 PM
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#11
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Full time employment: Posting here.
Join Date: Sep 2004
Posts: 607
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Re: EmigrantDirect now up to 4.25% APY
Quote:
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Originally Posted by (Cute Fuzzy Bunny)
My 4% is the same as 4% before tax. Or after tax.
Avoid that tax thing. Makes a lot of stuff a lot easier to figure out...
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I think it was Justin who mentioned that it might be better to go with VG Federal than VG Prime for state tax reasons. Might make sense because you, like me, are in high-tax CA.
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