Final Review of Emigrant Direct 3% APY Account

I finally finished my review of the Emigrant Direct "American Dream Account," which pays 3% APY compounded daily and posted to your account monthly. The biggest problems encountered were during the application process. I had to fill out an application three times. After the second application failure I had to wait 72 hours. I called Emigrant Direct and was told I did not stipulate an amount for the initial transfer and this caused the failure. However, I know I specified an initial test transfer of $100. On the third application I figured out what the problem was. I was typing $100.00 instead of $100. For whatever reason the computerized application could not recognize the decimal.

After the application was finally approved and accepted it took five to seven business days to receive my account number in the mail so that I could access my account online. Once I received the account number and signed up for online banking, I was able to access my account fine. In order to prove the integrity of the system, I initiated a $10 transfer from my Emigrant Account back to my external checking account. The transaction was successful and took 2 business days.

After finally setting up the account, confirming the Emigrant Deposits in my external account, receiving my account number, and performing my own tests, I am satisfied that Emigrant Direct's "American Dream Account" is a safe and reliable product that offers the consumer a great return on their money. Lets hope it gets even higher.

If you have money in a savings account, I am highly recommending that you open an Emigrant Direct account and start earning more money for your money.

If you have questions you may post comments below or email me from the link below the right side bar.

For those of you that have Emigrant accounts, please post your comments about your experiences.

Related Links

American Dream Account