Best CD Rates

Dollar Savings Direct CD Rates

As the current CD rates decrease across the county, the Dollar Savings Direct CD rates have remained steady and strong.  Dollar Savings Direct is a division of Emigrant Direct Bank. Because Dollar Savings Direct is trying to attract new customers, the Dollar Savings Direct bank rates are very good.

It is puzzling why Emigrant Direct decided to open a new online bank.  The Emigrant Direct Bank brand is quite strong so I would think they would want to spend their marketing dollars on that online bank.  However, I do have an idea for why they opened the Dollar Savings Direct Bank.  Emigrant Direct can offer higher rates through Dollar Savings Direct  to attract new customers.  By creating a new bank, they didn’t want to have to raise the Emigrant Direct Bank rates for its existing customers.

Dollar Savings Direct CD Rates

The 16 month CD is currently paying 4.00% APY interest rates.  I think that this is the best Dollar Savings Direct CD rate to purchase if you are looking for a short term CD.  In fact, it is a full pecentage point higher than the 16 month Emigrant Direct CD.

What do you have to know about the Dollar Savings Direct Certificates of Deposits?

• In order to buy a Dollar Savings Direct CD you have to have a DollarSavingsDirect savings account.   If you would like to read a review of the Dollar Savings Direct Savings Account, you will like this review of the Dollar Savings Direct Savings Account.
• The Dollar Savings Direct 16 month CD has a minimum balance requirement of $1,000.
• Interest will be compounded on a daily basis and credited to your CD on the last day of the month and at maturity

Is DollarSavingsDirect FDIC insured?

Yes.  I would not buy a CD from a financial institution that is not FDIC insured.

If you are looking to invest in CDs, the 16 month Dollar Savings Direct CD has healthy 4.00% APY Dollar Savings Direct CD rates.  These certificates of deposits might be a great investment vehicle for your short term savings.

Related posts:

1. Dollar Savings Direct CD Rates
2. ING Direct Best CD Rates
3. ING Direct Value Added CD
4. Century Bank Direct CD Rates
5. UFB Direct CD Rates

Tags: Best CD Rates, current CD rates, dollar savings direct

Comments (1)

One Response to “Dollar Savings Direct CD Rates”

1. Tom Cooney Says:
   

   I have a Dollar Savings Direct Savings account. Where do I find info on how to get a CD? I’m interested in the 16 month CD that pays 4% APY. Thanks—Tom

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