Emigrant Direct
Emigrant Direct is a mid-sized bank headquartered in New York, NY. This bank is an internet bank and does not have local branches. Emigrant Direct has deposits of $9.3 billion, and was established in September 1850.
This bank is FDIC insured - all deposits are protected for up to $250,000. Products offered by the bank include: MyWay CD and American Dream Savings.
Current Emigrant Direct Rates
| Name | Term | APY | Min Deposit | |
| MyWay CD | 18 months | 1.50 % | $1,000 | |
| 2 years | 1.50 % | $1,000 | ||
| 3 years | 1.50 % | $1,000 | ||
| 4 years | 2.00 % | $1,000 | ||
| 5 years | 2.50 % | $1,000 | ||
| 6 years | 2.50 % | $1,000 | ||
| 7 years | 2.50 % | $1,000 | ||
| 8 years | 2.50 % | $1,000 | ||
| 9 years | 2.50 % | $1,000 | ||
| 10 years | 2.50 % | $1,000 |
About Emigrant Direct
Emigrant Bank was founded by Irish emigrants as a mutual savings bank in 1850. By the 1920s it had grown to become the largest savings bank in the nation.
As of December 31, 2008, Emigrant Bank and its affiliated Regional Banks* has approximately $14.7 billion in assets and more than $800 million in net worth, operating through 34 branches in the New York metropolitan area.
As a traditional savings bank, Emigrant Bank, through its mortgage banking subsidiary, Emigrant Mortgage Company, is licensed to originate home loans in New York and 19 other states. Emigrant Bank's wealth management division, New York Private Bank & Trust, has its own deposit products starting at $2,000,000. Emigrant Bank is regulated by both State and Federal regulators. All deposits are insured by the FDIC up to the legal limit.
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