Less than $10K it's only 4% APY (3.92% APR) $10k-$250K is 5.50% APY (5.35% APR) Over $250K is 5.65% APY (5.49% APR) (Retirement accounts have FDIC coverage of $250K)
They may lower the rate soon, will see. If I request transfer by 4pm, it is in my WAMU acct the next morning. It's worked great.
It was 5.40% APY, they raised it a few weeks ago.
They need the deposits, and it's better and cheaper for them than the discount rate. It's the highest liquid rate that I know of, and I haven't had any problems.
Seriously don't understand why anyone with $10k-$100K wouldn't use them with the FDIC insurance. Some of the "big banks" are paying like 3%… https://bank.countrywide.com/
Am I missing something ???
I'm surprised someone with $10k-$100k wouldn't open a EmigrantDirect account and link it to a primary checking at a local branch. Emigrant offers 5.05%.
