Do any of you recommend EmigrantDirect.com? and if so why and do you have your money with them? Do you think it is the safest and best place to put your savings? They advertize 5.05 annual percentage yeild, so if I put 20,000 in their bank, what would I have in 12 months? How does it work?
2006-10-01 16:48:45 · 4 answers · asked by kb 4 in Business & Finance ➔ Investing
I use ING direct; it's a better deal and very safe (just like any savings account at a US Bank). Contact me and I'll issue a referal whereas you'll get free $25 to start.
As far as APY - if it's 5.05%, then after the first year you would have $21010. ($20K + 5.05%($20K))
2006-10-02 08:58:03 · answer #1 · answered by curious1223 3 · 0⤊ 0⤋
I have an account with them and I think it is the safest. Your deposit is insured by the FDIC, but I would contact them to find out what the limit is. It's probably $100,000.00. I would also ask them how they will calculate your interest to get an exact figure. If you send them an email, never put your account number or any other personal information on the Internet.
2006-10-01 17:00:32 · answer #2 · answered by Kimba 2 · 0⤊ 0⤋
FDIC only provides a piece of mind. If bank goes bankrupt next month you won't get your money for next couple of years.
Why don't you discover your options to see where you can invest rather than leaving your money in the bank...
2006-10-02 07:44:26 · answer #3 · answered by Anonymous · 0⤊ 0⤋
www.EmigrantDirect.com
2015-03-19 04:23:36 · answer #4 · answered by WILLIAM 1 · 0⤊ 0⤋