Plexagon said:ramganesh said:my money is emigrating again!

To me, the restrictions that Presidential imposes aren't worth the extra percentage.

What restrictions are you talking about?

ramganesh said:there is a cap -
25K for checking
35K for savings.


If you are married... I was told by Presidential that you can open up two separate savings accounts. One account would have your name as the "primary"... the other account can have your spouse listed as the "primary". You can do this even if the account is "joint".

This should theoretically allow you to park up to 70k in savings there to get the 4.12%.

Does Presidential have free Push and Pull ACH service from this online saving account?

Yeah I can search FW for the answer or call Presidential, but I am being lazy today



jon

great rate, but the thing I didn't like about presidential was how I couldnt link it online to my BofA account which I already have set up to pay many of my online bills...

when I opened my account I thought Presidential was like ING and Emigrant where I could move money in and out of my BofA but they said I couldn't link it externally and could only move money from presidential savings to presidential checking, and for deposits and w/drawals w/o a presidential checking account into presidential savings they wanted me to snail mail them the check or snail mail the request to withdraw for free...

coupled w/ the lower percentage tier after $35K I don't really use presidential much other than parking money there up to the top tier limit...

Emigrant is getting most of my money since they work like ING (external linked accounts) but offer a higher interest rate..

link626 said:the 0.12% is not worth the trouble of getting a hard credit check, and going through their Terrorist screening process. (Yes, I am a terrorist. so....)

oh yeah, and the 35k cap too.

I agree, and the conveniences offered by Emigrant are worth 0.12% IMO.

agree w/greater restrictions, but to be precise, you are comparing apples and oranges--the checking, which matches, but does not exceed emigrant's rate, has a 1k min...but 25k cap...

actually my checking is WAY more convenient than emigrant and is at the same rate now. money goes in without me having to do anything. and i have far greater and instant access to that money through online billpay and check writing. i also never worry about interest rate at presidential. they have always done their customers right in that respect.

link626 said:the 0.12% is not worth the trouble of getting a hard credit check, and going through their Terrorist screening process. (Yes, I am a terrorist. so....)

oh yeah, and the 35k cap too.

Agree ... their screening process is not just illogically strict but plain stupid from a business sense ... I had to park a large sum of money from my real estate gains for a few months split among banks to keep under the FDIC limit ... ED, Wilmington and ING approved the accounts right away ... Presidential was the only ones to decline my account.

why dont people simply tell EMigrant to BEAT THEM!!!!!