Anyone here have experience with Emigrant?

If so, what do you think???

alpinewhite said:jimmywalt said:Anyone here have experience with Emigrant?

If so, what do you think???
Read on
*** Too Hot To Handle ***

Wow. 23 pages of this thread! Thanks for the link. I tried to search Emigrant this past weekend, but kept getting an error from FW (couldn't read my PM's either).

Thanks again!

Not to be outdone by ING raising their rates to 3%, GMAC just raised theirs to 3.05%.

You can set up permanent links for ACH in and out of the money market account.
The maximum number of links is 6. This is according to the CSR.

GMAC Bank does NOT charge for ATM usage at any ATM, plus provides up to four ATM-surcharge rebates (max. $1.50) per month ($6.00). ATM access is not offered by the ING Direct Orange Savings Account or by the Presidential Bank Premier Money Market product.

I have experience with several of the more popular 3.00% + savings banks and even though GMAC is not on top with its current 3.10% (500 min) I find that of all the websites theirs by far is the most flexible, user-friendly and advantageous. Not only can you link any account (need only the routing and account #s and no wait) but you can both push and pull from GMAC and they seem to be QUICKER than any other bank I have dealt with (ING, IDB, Cap1, Virtual, etc.) Not only that but they have eliminated many of the hoops that these other banks have. Finally, I find that their rates on short-term CDs (under 18 months) are generally at the top of Bankrate's list and their low minimums make them feasible for those of us with more modest fortunes looking for highest short-term yeilds. If you haven't checked them out I think you would do well to. If nothing else they are excellent for pulling and pushing funds between multiple online savings accounts without the stop over in checking. That said I suppose to some the drawback would be the $500 minimum to open and get the rate, but even to the modest sums I use to play this rate-chasing game, that's kinda peanuts.

Do you mean a hard pull? If so, they never hard pulled mine. And if only a soft pull, then who cares. Pull away. I have nothing to hide.

I use Citi Credit Monitoring Service. I don't see anything in the hard pulls that identifies itself as GMAC in conjunction with the date I opened my GMAC account.

I had some inquiries related to GMAC mortgage/Ditech (when I was shopping around) from 3 months earlier. I suppose it is possible (though unlikely) that one branch of GMAC shared this existing report with another in my case, who knows?

Now, if they did pull it then they use some other name to pull it, that is another story. I don't keep track that well to be able to say that GMAC didn't pull a hard using some other name. For example, the only hard pull I have from Equifax that I can't positively identify is from NTLINTERBK, but I think that is from a recent re-fi I did on my house through my local bank. The mortgage paperwork says the bank went through "Credit Informations Systems" but I don't see that (or anything resembling it) on any of my CRs.

LightsInSpace said:aa1bb2 said:GMAC will pull your Credit Report for just opening a bank account.

Yep. Did anyone find out if it was a hard or soft pull?

Seems like a soft pull. I use a credit monitoring service which typically reports any hard inquery after a couple of days. A week after opening an account with GMAC, no report yet.

GMAC is indeed very faster in transferring the funds. I did a transfer into my account on 7/2 (Sat.), and it reported the fund became available on 7/4 (a holiday). Don't know how could they do that.

Sweet. They are at 3.25% now. Just slightly better than ING, but I will take anything I can get.