Rachel Hurst

Review of Emigrant Bank

I've been a customer of Emigrant Direct, which is ...

I've been a customer of Emigrant Direct, which is a subsidiary of Emigrant Bank. They have a "bait and switch" tactic that is widely known, where they advertise that they have the best interest rates for savings, and then once you establish an account, they quietly drop your rate to well below the best rates. For instance, the current APY is less than a third of what other banks are offering.