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Another Dollar Savings Direct Rate Drop

February 5th, 2009 Sphere: Related Content

Dollar Savings Direct has dropped their online interest rate to 3.20% from 3.5%, and I suspect the trend will continue.

Dollar Savings, a spin off from Emigrant Bank much like Emigrant Direct, is still an online leader for interest rates, but for those of us who are trying to maximize the insured return on cash, it is frustrating to watch the interest rate continue to dwindle away.

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  1. Andrew
    February 10th, 2009 at 16:16 | #1
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    That could be a good thing. These days the interest rate measures a bank’s anxiety level. The higher the rate, the more desparate a bank is. Would you do business with a bank that could go under any minutes. I know it’s FDICed, but I am dreaded getting my money back from the government.

  2. Bernie Bildman
    February 12th, 2009 at 11:58 | #2
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    DollarSavingsDirect now down to 3.05% as of this AM

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