Emigrant Direct is a subdivision of Emigrant Bank and offers a great savings product. Isn’t the definition of “The American Dream” to earn and save as much money as you can?  Why wouldn’t you open a savings account offering you the same basic idea as the American Dream?

Emigrant Bank

Since being founded by Irish Emigrants in the 1850s, Emigrant Bank has been helping people save more of their money.  By the 1920s Emigrant Bank was the largest savings bank in the nation and is now available to even more people online through EmigrantDirect.com.  Emigrant Bank and its affiliated banks, including Emigrant Direct have $15.4 billion in assets and $1.2 billion in total equity capitol, and are insured by the FDIC up to the legal limit.

The American Dream Savings Account

The savings account offered through Emigrant Direct is the American Dream Savings Account.  This account doesn’t require a minimum balance.  No matter what the balance of your account, you will always earn the highest interest rate.  The account doesn’t have any fees or service charges, so you make interest on every penny you put into the account.  The APY of this American Dream Savings Account is currently at 0.90 percent, but can change depending on the financial market.  Emigrant Direct assures customers that you will receive the highest rate available.   This account is safe and secure and is available to access anytime.

How to Open an Account

Opening an account is easy.  By going to their website, EmigrantDirect.com, you can sign up quickly.  Just click on the Open Now! button on the home page and follow the easy steps.  You  must be 18 years old, have a valid tax identification number, a legal US address and a personal checking account in a US bank.  If you have further questions while signing up for this account, customer service is available at 1-800-836-1997.

By linking your checking account to this savings account, you can directly transfer money from the savings account to your checking account when you need to.  You can use a check for the initial deposit into the account, then Emigrant Direct prefers other transfers be transferred electronically between the American Dream Savings account to the linked checking account.  After the money has been transferred, it takes usually 2-4 days to appear in your account.  Statements for the accounts are available online monthly, but through online banking, you are able to see your account at any time.

Why Choose Emigrant Direct?

By opening an American Dream Savings account with Emigrant Direct, you will be saving more of your money, which helps you get closer to fulfilling the American Dream for yourself.  The slogan of Emigrant Direct is “More Money for Your Money.”  Let them help you make more interest off the money you put into a savings account with them. Feel free to compare them to some of the other best banks listed on Banktruth.org