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Dollar Savings Direct 2.65% Internet Savings Account

February 26th, 2009

Dollar Savings Direct is offering 2.65% on their online savings account. Dollar Savings Direct is an online division of Emigrant Bank of New York. They offer savings accounts with no minimum balance and no monthly service fees. They also offer a 6 month 1.15% CD and a 1 year 1.47% certificate of deposit.

Keep in mind that Dollar Savings Direct only has a 1 out of 5 star rating at bankrate.com for bank soundness. Dollar Savings Direct is a FDIC insured bank so I highly advise staying under the FDIC limits if you decide to open an account with them.

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