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Originally Posted by ken1706
Now the question is when will EmigrantDirect respond? They're going to have to raise their savings account rate to 5% if they want to make an impression.
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I have heard that Emigrant gave $1000.00 to each account holder in the areas affected by Hurricane Katrina. I wonder if that has any affect on them not wanting to raise their rates too high too quickly. In my opinion they want to possible recover some of that money through increased deposits.
Personally, I want them to move up to 5% soon to I have seen way to many banks offering higher rates while Emigrant stills claims to have America's highest rate, in my opinion if you are going to claim having the highest rate you have to be consitent <sp?> about it.