Letter from ED dated May 30, 2006:

Our new website and "state of the art" new security system will be activated in June. The enhanced site reflects comments received from our customers and sets a new industry standard combining ease of use and expanded capability as well as enhanced security and protection for you and all our customers.

Our new site will also allow you to:

- Schedule, edit and view transfers
- Perform immediate transfers between EmigrantDirect accounts
- Link additional accounts
- Make changes to your account profile
- Add or change beneficiary information
- View readily available account statements and 1099 information
- View Certificate of Deposit information
- Achieve an even higher level of security with self-created security questions

In the coming weeks, you will receive a letter in the mail advising you of our precise launch date and providing you with a secure access code which you will need to gain entry to the new site.

Please be sure that your email address and current mailing address are up to date to ensure delivery of this important correspondence concerning your account and our new site.

Thank you for your continued patronage.

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NEW RATE DOWN TO 2.75% APY
effective 03/21/2008

NEW RATE DOWN TO 3.00% APY
effective 03/18/2008

NEW RATE DOWN TO 3.30% APY
effective 03/07/2008

NEW RATE DOWN TO 3.60% APY
effective 02/08/2008

NEW RATE DOWN TO 4.05% APY
effective 02/01/2008

NEW RATE DOWN TO 4.30% APY
effective 01/26/2008

NEW RATE DOWN TO 4.55% APY
effective 01/10/2008

NEW RATE DOWN TO 4.65% APY
effective 12/18/2007

NEW RATE DOWN TO 4.75% APY
effective 9/28/2007

NEW RATE DOWN TO 5.05% APY
effective 9/30/2006

NEW RATE IS NOW 5.15% APY
effective 7/28/2006

NEW RATE IS NOW 5.00% APY
effective 7/3/2006

NEW RATE IS NOW 4.80% APY
effective 6/22/2006

NEW RATE IS NOW 4.65% APY
effective 5/26/2006

NEW RATE IS NOW 4.50% APY
effective 3/15/2006

NEW RATE IS NOW 4.25% APY
effective 1/26/2006

NEW RATE IS NOW 4.0% APY
effective 9/20/2005

NEW RATE IS NOW 3.5% APY
effective 7/22/2005

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**IMPORTANT INFO IN CASE YOU DIE** You can, AND SHOULD, add a beneficiary to your Emigrant Direct account. To do so, simply call Emigrant Direct (1-800-836-1997) and tell them you wish to add a beneficiary to your account. They will mail you a form to fill out and return.

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Is EmigrantDirect FDIC insured?

EmigrantDirect is the online banking division of Emigrant Savings Bank. Your deposits at EmigrantDirect are FDIC insured up to $100,000 per depositor.

Emigrant Savings Bank has been FDIC insured since 01/01/1934.
The certificate number is 12054
The main office is located at:
5 EAST 42ND STREET
NEW YORK CITY , NY 10017
New York county
It was established on 09/30/1850
The primary regulator is FDIC
It has 35 branch office(s).

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Emigrant Direct and Emigrant Savings Bank are under New York Private Bank & Trust Corporation.

New York Private Bank & Trust is catered toward individuals with networth in excess of $50,000,000.
Minimum account opening at the New York Private Bank & Trust is $1,000,000.

New York Private Bank & Trust [FDIC Certificate 12054]
5 East 42nd Street
NY, NY 10017

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ED records on BBB.org:
ED's parent bank record on BBB.ORG
Nothing about Emigrant Direct itself on BBB.ORG New York

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For setting up direct deposit or ACH links,
The routing number is 226070319

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Emigrant Direct accounts DO NOT ACCEPT WIRE TRANSFERS
Wire transfers will be returned by federal wire system if applied using the routing number 226070319
Routing number 226070319 is only good for ACH
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To add another checking account to Emigrant Savings, make your check(at least $1.00) payable to "Emigrant Direct", put your savings account # and "additional external account" on the memo, and mail it to (confirmed by phone):

Emigrant Direct
Communication Department
5 East 42nd St
New York, NY 10017
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External Transfers: Why does the transaction not appear anywhere after I submit an external transfer?

The pending transfer does not appear in the "pending transfers" list when it has been executed, even though the money isn't in your account. You will see a pending transfer if you try to do one over the weekend as it will not execute until the next business day. The executed transfers will not show up on your transaction history until the transaction has been processed and not just executed, but the funds haven't cleared yet.
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Why is my APR (3.92%) less than the stated Rate (4% APY)?
What's the difference between APY (annual percentage yield) and APR (annual percentage rate)?
APR is the annual rate of interest without taking into account the compounding of interest within that year.
APY does take into account the effects of intra-year compounding.
Fool.com answer to APR vs APY question.

Why is the "APY Earned" on my statement not the advertised APY?
The APY Earned ("APY-E") is not the same as the APY. They are calculated according to different regulations. Since interest is compounded daily, the APY-E will be affected by the fact that your account balance changed significantly during the month. APY-E also reflects any interest rate changes during the month. Don't worry: You haven't been cheated out of any interest and you haven't gotten a bonus. The regulations for calculating APY and APY-E are shown here. APY is in Part I and APY-E is in Part II. Note that two different customers might see a different APY-E on their statements in the same month.