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Opening an Emigrant Direct Savings Account, Part III

Written by Nickel - 9 Comments

About a week and a half after initiating the Emigrant Direct account opening process, we now have full access to our new savings account. For those of you that aren’t familiar with the process, it all starts with filling out an online account application. They then make a couple of small deposits (and withdrawals) to (and from) your linked account. Once you log in and verify the amounts of these transactions, they pull the initial deposit and then send you a letter with your account number and instructions for setting up online access. While the process can be a bit slow, it’s fairly easy, and they do offer a 4.0% APY.

Published on November 7th, 2005
Modified on October 9th, 2006 - 9 Comments
Filed under: Banking

About the author: is the founder and editor-in-chief of this site. He's a thirty-something family man who has been writing about personal finance since 2005, and guess what? He's on Twitter!

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» Opening an Emigrant Direct Savings Account, Part II
» Linking ING Direct and Emigrant Direct
» Opening an Emigrant Direct Savings Account
» Old Emigrant Direct Accounts Numbers Still Work
» Emigrant’s Dirty Little Secret
» How to Link Additional Accounts to Emigrant Direct
» Emigrant Direct’s Online Incompetence
» Emigrant’s Dirty Little Explanation

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9 Responses to “Opening an Emigrant Direct Savings Account, Part III”

  1. 1
    Blaine Moore Says:

    It may be slow, but it does give me a nice warm safe feeling that somebody isn’t going to be pulling my money from my account to start their emigrant direct account. Of course, that doesn’t stop them from going elsewhere with the info on my checks…

  2. 2
    Meg Says:

    This is real annoying – it has been 2 weeks since I verified my transfer amounts and I still do not have a “transfer link to my external account” I guess they do not want me to move my thousands from ING into ED. Also, I heard that there is some functionality to download into Quicken and that link has not showed up on the left hand side either.

  3. 3
    Edible Consumer Says:

    I’ve noticed the same problem as Meg regarding the limited functionality and the absence of a “transfer funds” link on the navigation menu. I’ve sent Emigrant a message about this. If and when they reply, I’ll post their response. If anyone else has had and solved this problem with the Emigrant web site, please let me know.

  4. 4
    Edible Consumer Says:

    I just wanted to follow up. As of today, there is now a “Transfer Funds” link on the navigation menu, but I have not received a response to my message to Emigrant… unless them fixing the problem is all the response they intend to give.

  5. 5
    Dan Says:

    I don’t care what anybody says about Emigrantdirect.com savings account. They sent my wife and I both a high quality ball-cap that I now where everywhere I go. I love ‘em, what other bank sends you their hat along with thousands of dollars in interest every month just for letting them hold yer millions?

  6. 6
    Blaine Moore (Run to Win) Says:

    Hey, I also got the baseball cap! I like it. My other white hats are all really dirty at this point. Of course, those are all college cross country hats and I’ve been out for a while.

  7. 7
    FMF Says:

    You can’t have too many good, white ball-caps. What else can you wear while doing yard chores?? ;-)

  8. 8
    jim Says:

    They sent me a hat too way back when, it’s still sitting in a box in the closet… maybe I’ll donate it or something. I’d feel like a dope wearing that hat…

  9. 9
    Tammy Says:

    I would like toopen upa saving account

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