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Wilmington Trust - 3.35% APY - Emigrant/ING Clone? Archived From: Finance

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alert mods    
   posted: Jul. 21, 2005 @ 10:16a

dpid said:wiredspider said:I see

*3.35% Annual Percentage Yield. Rates are variable and may change at any time. Rates as of 6/20/05. $1 Minimum Opening Deposit. This special rate is available to our Instant Access Savings On-Line Clients. Account opened by Wilmington Trust FSB, a wholly-owned subsidiary of Wilmington Trust Corporation.


Seems like they could possible get a lot of clients then drop the rate...

Standard writing... said about the same thing with emigrant direct

I believe emigrant has guaranteed their rate thru 12/31/05 to be atleast 3.25%(could go up) according to their FAQ

From the FAQ:

Is EmigrantDirect's 3.25% APY on the American Dream Savings Account a "promotional" offer?

Not at all. In fact, the current APY reflects an increase from 3.00% APY to 3.25% APY effective 3/14/2005. Emigrant Direct is committed to offering the 3.25% APY through 2005. The rate may even increase, based on market conditions.


alert mods    
   posted: Jul. 21, 2005 @ 10:57a

I guess i will wait on this until someone else signs up

As for emigrant, how is transfering funds to other accounts? (comparison to ING)


alert mods    
   posted: Jul. 21, 2005 @ 11:09a

Aagiants said:I guess i will wait on this until someone else signs up

As for emigrant, how is transfering funds to other accounts? (comparison to ING)

It's about the same as !ng, but the interface is horrible.


alert mods    
   posted: Jul. 21, 2005 @ 12:38p

I have an ING and ED account

Transfer of fund is not as "pretty" as ING, but fully functional(one time push, one time pull, and repeating). Also ED seems to be a bit quicker(by 1 business day) than ING(someimes 2 days to complete the transfer)

You set up external accounts the same way - send in a check from the external bank you want to have listed and write something specific(i forget the verbiage) in the memo area.
I think ED limits you to 2 external links

Now that the interest rate(apy) are within .1%(3.25 v 3.15), it matters much less. It is useful to have both since ACH transfers are free.

I am thinking of a presidental or lockheed CU account to get the 3.75-4% yield, but I would need to open checking accounts with them to allow me to ach in and out ing or ed.

many people seem to have this tho
jon



alert mods    
   posted: Aug. 1, 2005 @ 10:48a

I'm from Delaware as well! I wonder if you will be able to use the Wilmington Trust Savings account for balance waiver for some of their deluxe accounts. Because as said before they do have generally higher fees and balance requirements than some other banks in the area.


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