Dollar Savings Direct Online Savings Account

Update: The APY has been lowered to 3.50%

Dollar Savings Direct is offering a high yield savings account(HYCA) that currently yields 4.00% APY. The minimum balance you have to maintain to receive this HYSA rate is $1000. The account can be opened online at HYSA application.  Dollar Savings Direct is an online banking division of Emigrant Bank of New York. Emigrant Bank has been around since the 1920′s. As of December 31, 2007, Emigrant Bank and its affiliated Regional Banks have approximately $14.3 billion in assets and more than $1 billion in net worth, operating through 35 branches in the New York metropolitan area.

Requirements to open a savings account

• Be at least 18 years old
• Have a social security number
• A legal US address 
• A personal checking account in a US bank

If you need help opening an account call customer service at 1-866-395-8693

Dollar Savings Direct Online Savings Account Application

If you have been reported to ChexSystems, look for banks that do not use
ChexSystems to open new accounts.