Emigrant Direct rate drops to 4.55%
Friday, January 11th, 2008Emigrant Direct has preempted any fed rate cut Bernanke could throw at us. Within the last couple of days, Emigrant bank has cut their online savings rate to 4.55%. Still better than I can get at Bank of America, but it’s making online savings accounts look less appetizing when compared to Canadian Royalty Trusts.
Sure, the money is guaranteed at Emigrant, so it’s still a great place to stash emergency funds, but the dropping rate could offset some of the risk in investing in stocks.
Question for the day: At what percentage rate do you quit stashing free cash in the savings account and contribute it to a online …
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