Latest responses to “Review Of Dollar Savings Direct High Yield Savings Account” Copyright 2013, MoneyBlueBook.com 1089794 2011-10-20T14:51:52-07:00 Joseph Don't do business with Emigrant Direct. Customer service is terrible. I canceled my account. If you are transferring money in, it takes 1 day to process. If you are transferring money out, they put a hold on it for 5 business days. If you make a mistake, they won't fix it for you. "Sorry that's the policy," They told me. I'm sorry for oppening an account with Emigrant Direct. But I'm not sorry for dumping them. 447390 2009-07-31T03:59:50-07:00 Investor0329 Looks like interest at DS is not 1.70%...going to nothing... Can you believe the sweep account at my brokerage only pays about 0.04%/yr!!!! I will be moving that out. 447150 2009-04-22T16:15:45-07:00 Kady I opened my account after I read some of the comments about dollar savings direct account. The bank is part of Emigrant Bank. I did not have good experience with them since. Today I went back to those comments again and realized that those comments are by the bank itself. I was trying to publish my comment in there(wrote my comment and click on SUMMIT to publish). My comment, which is negative, did not showed up in the comment area. Obviously my comment was censored. 447380 2009-03-12T15:03:02-07:00 jks DSD down to 2.25 today, moving to GMAC. 447180 2009-03-08T00:58:38-08:00 Geoff Clear Sky isn't accepting applications....the message has been on their website for a while now 447060 2009-03-04T13:10:14-08:00 AN # Wayne Says: February 23rd, 2009 at 3:28 pm I see DollarSavingsDirect is now at 2.65 percent. Down from 3.05. Just as I put a bunch of money into it. So I see that the Clear Sky Online Account from Chesapeake Bank in Virginia is still at 3.05 so will probably at the end of Feb., first of March, move from DSD to Clear Sky. Down to 2.50. Say goodbye to DSD. 447190 2009-02-24T09:51:09-08:00 Bernie Bildman DSD's system has never failed for me, yes they have security questions, but that is for YOUR/MY protection. Takes maybe 1 minute longer, but no problem for me. I use Etrade as my transfer bank, and moving cash between Etrade and DSD takes maybe 1 day 2 days max...but the bottom line is that though when you do an electronic transfer into and out of DSD and Etrade, you do not have ACCESS to those funds for about 5 business days...BUT once the funds appear in the account, it earning interest. I basically lose no days interest, because the one day it shows on DSD, the next on Etrade, except I can't withdraw it for 5 days. That is no problem for me. The issue of interest rates...well pretty much ALL high yield internet banks' rates are drastically down, so I don't fault DSD -- which by the way dropped their rate down to 2.65% -- but that's better than Etrade's 2.15% 447210 2009-02-23T16:02:56-08:00 Geoff Clear Sky isn't accepting applications at the moment.... I just signed up with DSD last week, before the rate went down...logging on takes all of 3 seconds. Frustrated over answering security questions?? I have more important things to worry about other than what security questions I'm being asked to log on to a banking site!! ;) 447200 2009-02-23T15:28:24-08:00 Wayne I see DollarSavingsDirect is now at 2.65 percent. Down from 3.05. Just as I put a bunch of money into it. So I see that the Clear Sky Online Account from Chesapeake Bank in Virginia is still at 3.05 so will probably at the end of Feb., first of March, move from DSD to Clear Sky. 447370 2009-02-22T12:35:30-08:00 Janette I just pulled all my money out of Emigrant/DSD because of their ridiculous security questions. It takes FOREVER to get to your money and then they had the audacity to tell me I had answered one of the questions wrong. For the second time I had to go through changing my password...and it can sometimes take over a WEEK to get your money transferred back from them. No thanks, in these times I need immediate access. People are getting laid off at my company left and right. I'm done and I'm bringing ALL my money back to a local bank. An extra percent is not worth the frustration.