Emigrant Direct Saga and Found Cash
My Wachovia checking account received the two small verification deposits from Emigrant Direct, which was the next step in opening my account with that bank.
Unfortunately, when I originally signed up, I used an email address I no longer used. After reactivating that mailbox, I called Emigrant Direct's customer service to have them resend a required email message.
It only took a couple of minutes on hold before speaking to someone. When I had the CSR on the phone, she helpfully resent the message. I received it less than a minute later and continued the process.
Now I must wait for a letter containing my account information to arrive via snail mail. This is pretty close to the process I went through when originally opening my ING Direct account.
In other news, I received my state tax refund ($150 or so) via electronic funds transfer today and surplus from my latest student loan ($2,200) yesterday. In a few weeks I should receive about $200 from Upromise. I plan to use the "extra" cash to pay down my student loan with the highest interest rate and take care of my auto insurance deposit.
As you may know, I am in the process of opening a savings account with Emigrant Direct, an on-line bank currently offering an interest rate yielding 3.25 percent. Read
ING Direct now offers a 2.8% APY on their savings accounts, up 20 basis points. This rate is still well below the one offered by Emigrant Direct for that bank's no fee, no minimum balance savings account. Read
It's been about three months since Emigrant Direct started offering a 3.0% interest yield on their savings account, beating out ING Direct for the favored spot in the minds of many. I've held out with ING for these three months and witnessed my favorite raise ... Read
