Dollar Savings Direct – 3.05% Savings Rate
Posted by Best Bank Rates under [ Savings ] on January 30, 20092 Comments
Bank rates may be out of date. Please check bank websites for current rates.
DollarSavingsDirect.com currently has one of the highest savings account rates available online. They seem to be a subsidiary or spinoff of EmigrantDirect.com, which I have used in the past without any problems.
Some details of the account:
- $1000 minimum opening balance
- Dollar Savings Direct can be linked directly to your checking account
- FDIC insured up to $250,000 per depositor
They also offer pretty decent CD Rates as well, especially with certificate rates falling across the board. Their current CD rate is 3.25% APY for 16 months, with a miniumum balance of $1000. One caveat – you need to open a savings account before you can open a CD account. One nice thing is that you can actually withdraw the interest from your CD into your savings account.
2.25% Money Market Bonus Rate at EverBank
APY Savings Account at Ally (2/15/2010)
1.26% APY with WTDirect Savings Account
5% Cashback Rewards with Discover More 
2 Comments on “Dollar Savings Direct – 3.05% Savings Rate”
Wow, I signed up for this last month at 4.0%; hopefully it doesn’t keep dropping. I can’t complain though; it’s pretty much the highest out there. I know someone who recently got a notice that their money market was going to stop servicing them and they’d have to switch out since due to this low interest environment, they could no longer assure a positive return.
In this 0% Fed Funds environment, I guess 3.5% is still very good.
Looks like they just dropped to 3.05%