Overview / Commentary
5 East 42nd Street
New York, NY 10017

Related Posts

MySavingsDirect Ups Savings Account APY - 12/5/2018

MySavingsDirect has upped the rate of its nationally available MySavings Account to 2.40% APY, which is currently the country's top savings account rate.

2.40% Annual Percentage Yield Savings Rate - 12/5/2018

High Interest Savings Account Highlights: No Fees. No Minimums. Annual Percentage Yield is effective December 04, 2018 and is subject to change at any time.

MySavingsDirect Ups Savings Account Rate - 11/15/2018

MySavingsDirect increased the rate of its MySavings Account by 10 bps to 2.35% APY. This is the first increase since MSD became a rate leader in early September,

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Good Service, Good Savings Rate

Posted by: HighYield | Jan 4, 2019

I think some people try and make things too compicated. I keep things simple.

MySavingsDirect is a good, basic, easy-to-use online savings account. Never had any issues or problems with account set-up or ACH transfers. Any questions I have are answered very promptly via secure messaging.

Their savings account yield is usually one of the best rates. I also like the 6-month CD. I split my money between the two, and lock in that good rate for half a year. Then re-evaluate when it matures.

ACH Are Not Available For Five Business Days

Posted by: mikek753 | Sep 30, 2018

Available Balance
Your Available Balance consists of funds that you can withdraw now and excludes deposit amounts which are on hold. Deposits made to your MySavingsDirect account electronically via ACH are not available for five business days. Check deposits accepted for your initial funding are not available for 10 business days.

Teaser Rates with No Bottom

This website is one of many set up by Emigrant bank. I knew nothing about them until I set up this savings account because it offered me an attractive interest rate for savings accounts. Within 30 days of opening the account I recieved notice that they were cutting the rate by a quarter percent. 30 days later they cut it anothe quarter percent. They continues this until after four months the account was paying me 0.1% for a savings account at a time when there were multiple online banks paying in the 1 1/4 range. I later learned that this is typical for them as they have set up several of these websites that always use the same M.O.. They lure people in with a competative rate and then assume we are too lazy or too busy to notice we are getting shafted as they rapidly cut it to near zero.

Another Shell For Emigrant

Posted by: JamesX77 | Sep 24, 2018

As many have stated, another front for Emigrant bank now they have stopped putting the rates up on Dollarsavingsdirect. I've lost count of how many fronts this company keeps opening in order to pull the rug out from people on rates and hope nobody will make the effort to move. I'm not opening a third with them just to have to bounce around again in 3 months time.

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Health

Health Grade Components

Overall
FDIC Certificate #12054
Year Established1850
Employees481
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.03%
Return on Equity - YTD10.26%
Annual Interest Income$239.0MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$5.68B$6.53B
LoansQ3 2018vs Q3 2017$3.85B$4.49B
DepositsQ3 2018vs Q3 2017$4.37B$4.62B
Equity CapitalQ3 2018vs Q3 2017$1.15B$1.15B
Loan Loss AllowanceQ3 2018vs Q3 2017$67.1MM$78.0MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$210.0MM$193.7MM
Real Estate OwnedQ3 2018vs Q3 2017$25.5MM$34.1MM
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

2.40% Annual Percentage Yield Savings Rate

IvoryMale   |  
High Interest Savings Account Highlights:

No Fees. No Minimums.
Annual Percentage Yield is effective December 04, 2018 and is subject to
change at any time.

Mysavingsdirect Savings Account Raised To 2.35% APY.

OrderlyChaos   |  
Based on their website, MySavingsDirect raised their APY by 10bps to 2.35% APY in the last 1-2 days.

Rates
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Always verify rates and promotions with the bank or credit union. We are not MySavingsDirect; we are a rate comparison website and cannot provide official rates or promotions.

MySavingsDirect Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.40%--MySavings Account

MySavingsDirect CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.40%$1k-6 Month My Term CD
1.65%$1k-60 - 120 Month My Term CD
1.30%$1k-30 Month My Term CD
Locations

MySavingsDirect is an Internet only bank and does not have branch locations. Its headquarters is located at 5 East 42nd Street - New York, NY 10017

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.