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Emigrant Bank’s Emigrant Direct CD Rates

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Emigrant Bank's EmigrantDirect.com is offering some very competitive CD rates. Emigrant Direct is the online banking arm of Emigrant Bank which is headquartered in New York. The bank's online CD rates are not only competitive with other bank CD rates and credit union CD rates they are also higher than the national average CD rates. The minimum opening deposit for all certificates of deposit is $1,000.

EmigrantDirect's “My Way” certificates of deposit between 16 months and 40 months earn APY of 1.50%. Longer term certificates of deposit earn an even better CD rate and CD yield. Certificates of deposit between 41 months to 59 months earn an APY of 2.00 percent.



Even longer term CD rates at the bank earn higher rates and yields. Current 5 year certificates of deposit to 10 year certificates of deposit earn an annual percentage yield (APY) of 2.50%. Since CD rates are so low right now we wouldn't recommend investing in certificates of deposit with terms that long.

CD accounts at Emigrant Bank and Emigrant Direct are insured by the Federal Deposit Insurance protection for up to $250,000 per account.

For more information on Emigrant Bank, Emigrant Direct and a list of the bank's current CD interest rates go to EmigrantDirect.com.
 
Author: Brian McKay
August 9th, 2010