Dollar Savings Direct 4.00% Savings
If you are looking for an online savings account with a high rate, you might check out Dollar Savings Direct. They are a branch of Emigrant bank which has been around since 1850. There are no fees as long as you keep your account to the $1,000 account balance minimum. If you already have a checking account with Dollar Savings Direct, it is conveniently connected to you Savings account.
You can access your account 24 hours a day, and of course setting up your account online is a breeze. Emigrant Bank central locations are in New York. Manhattan, Bronx/Westchester, Brooklyn/Queens and Long Island. The bank was started in 1850 by Irish emigrants, and has developed into a very strong company with over $14.3 billion in assets.
You might also consider the decent CD rates they have as well. For just a 16 month CD at 3.50% with a minimum deposit of $1000 you are sure to enjoy a nice return. All accounts are covered by the FDIC up to the maximum. For any other concerns you will want to visit their website.
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