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.
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