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View Full Version : 3% savings account, anyone used this bank?

Shoe
02-12-2005, 02:32 AM
Saw this ad on yahoo, link (http://www.emigrant-direct.com/?source=YAHMP00009)

Has anyone had any experience with this bank (Emigrant Savings Bank)? Their savings accounts are paying 3%. I was planning to open an ING account, which was the next highest rate i have seen around 2.38%. Also paypal is paying about 2.45% or so (but i don't trust paypal with my money).

I predict an interest rate war between banks in the coming year, so maybe i should wait and see?
skaboomizzy
02-12-2005, 03:12 AM
I'm thinking the Fed will raise the prime rate very soon, which will mean higher interest rates on savings and money-market accounts.
WarBus
02-12-2005, 03:35 AM
I have an account with ING & Emigrant. No problem with either. For ING, If you use fatwallet.com you can get $10 from them plus there are signup codes for $25 or $50. Do a search for them in the forums of fatwallet.com or slickdeals.com.
Womble
02-12-2005, 10:22 AM
Move to the uk, I get 5.5%!
Shoe
02-12-2005, 05:14 PM
[ QUOTE ]
Move to the uk, I get 5.5%!

[/ QUOTE ]

And you don't have to pay taxes on your gambling winnings..... lucky bastard!
wonderwes
02-12-2005, 06:13 PM
I was also looking at this website. I have several student loan checks. Now I'll have to pay the majority of the loans back, but since I will be sitting with a couple grand to hold on to for many months, I might as well try to get some small percentage in interest.

I was debating a good money market account to but I was unsure which bank/company to use.
Baulucky
02-12-2005, 07:24 PM
DO you have a link for the $50 + $10 signup with ING?. Or refer a friend or something?.
eric5148
02-12-2005, 09:01 PM
I have an ING account and it's great. The referral deal is $10 for the referrer and $25 for the referree.

If anyone is interested, PM me.
DesertCat
02-12-2005, 09:50 PM
Do either accept neteller transfers?
Deathbear
02-12-2005, 10:13 PM
I'm guessing not since Neteller needs to be linked to savings account.
eric5148
02-13-2005, 03:47 AM
You can only link ING to a checking account.
B00T
02-14-2005, 10:55 AM
You can use Neteller with ING.
dlk9s
02-14-2005, 11:03 AM
[ QUOTE ]
You can use Neteller with ING.

[/ QUOTE ]

I second that emotion. I created a separate poker account in about a minute and successfully made a transfer from my Neteller account.

I recently heard about Emigrant bank and am fairly certain it is legit, but have never used it.
bdk3clash
02-14-2005, 12:12 PM
[ QUOTE ]
I'm guessing not since Neteller needs to be linked to savings account.

[/ QUOTE ]
Huh? My NETeller account is linked to my checking account. I don't even have a savings account with my bank.
smudgex68
02-14-2005, 12:27 PM
[ QUOTE ]
Move to the uk, I get 5.5%!

[/ QUOTE ]

Move offshore - being UK non-resident there's no tax on interest or dividends
Predator314
02-14-2005, 12:35 PM
[ QUOTE ]
I second that emotion. I created a separate poker account in about a minute and successfully made a transfer from my Neteller account.


[/ QUOTE ]

How is this done?
B00T
02-14-2005, 12:38 PM
Open an acct with ING. Just get the routing # from ING that they use. It has been posted on these boards somewhere before if you want to search for it. I dont know it offhand, just call their support # to nab it.
Predator314
02-14-2005, 12:57 PM
So the linking is done on the Neteller side and not the ING side?
B00T
02-14-2005, 01:04 PM
Essentially your basic B&M checking acct is what gets linked to ING. ING can then be linked to Neteller. You can fund Neteller from ING which gets funded from your checking. When you cashout of a poker site, it will go to your Neteller acct, which you can withdraw from that will go into your ING acct. It lets you have 2 bank accts where if you wanted to keep a poker bankroll seperate.
dlk9s
02-14-2005, 01:14 PM
[ QUOTE ]
[ QUOTE ]
I second that emotion. I created a separate poker account in about a minute and successfully made a transfer from my Neteller account.


[/ QUOTE ]

How is this done?

[/ QUOTE ]

Others have already described the process, but here's what I did:

1) Opened an ING savings account in 2004 (pre-poker). Was required to link it to a checking acocunt, so I linked it to my account at Wachovia.

2) A couple months ago, I created a second ING account for poker. It literally took a minute or two, since I already had an account with ING.

3) Went through the process on Neteller's site to link my Neteller account to my ING account. Found the routing number when I was logged onto my ING account (I believe I actually found the info when I looked up the form to fill out for direct deposit). If you have trouble finding the routing info, I would just call ING.

That's it, aside from the one or two verification e-mails you have to receive. Pretty simple.

Have fun!