I have an account with these folks. I opened it when the introductory rate was much lower. When the dropped the rate, I left my money there. While I don't approve of giving a higher rate to new customers, they give great service. I wish that I could get the 5.01% right now, and if I weren't an account holder I would be jumping at this one.
I opened the Everbank account a couple of weeks ago at 4.5apy, to park some money till CD rates hopefully rise a bit more or for 3 months maximum. Called today to ask if I'd get the 5.01%,and to my surprise YES!
julio150 said:I have an account with these folks. I opened it when the introductory rate was much lower. When the dropped the rate, I left my money there. While I don't approve of giving a higher rate to new customers, they give great service. I wish that I could get the 5.01% right now, and if I weren't an account holder I would be jumping at this one.
Whenever Emigrant ups their rates they not only extend the rate to new customers, but also automatically give current customers the new rate (no request necessary). I'm glad that boomp and mbaker4096 were able to get theirs rates raised, but IMHO they should not have had to ask in the first place.
fivetalents said:julio150 said:I have an account with these folks. I opened it when the introductory rate was much lower. When the dropped the rate, I left my money there. While I don't approve of giving a higher rate to new customers, they give great service. I wish that I could get the 5.01% right now, and if I weren't an account holder I would be jumping at this one.
Whenever Emigrant ups their rates they not only extend the rate to new customers, but also automatically give current customers the new rate (no request necessary). I'm glad that boomp and mbaker4096 were able to get theirs rates raised, but IMHO they should not have had to ask in the first place. I just verified if I got 5.01%,would have received it without asking.Did not have to ask to raise it. Everbank is more than fair. They had my cash and 4.5%is above average so I would have stayed.They probably count on some people staying after 5.01% drops at 3 months.
Which is bizarre, because they'll pay you $50 to close your account after those 3 months are over and the promotional rate is done.
I'll be moving $100K over to enjoy the 5.01% rate and moving it back on March 7th. Closing it sometime thereafter, as I'm really not impressed with their rates in general nor their aggregation system. Yodlee is a lot nicer and more user friendly (although in some respects it reminds me of a very early version of the Yodlee software)...
boomp said:fivetalents said:julio150 said:I have an account with these folks. I opened it when the introductory rate was much lower. When the dropped the rate, I left my money there. While I don't approve of giving a higher rate to new customers, they give great service. I wish that I could get the 5.01% right now, and if I weren't an account holder I would be jumping at this one.
Whenever Emigrant ups their rates they not only extend the rate to new customers, but also automatically give current customers the new rate (no request necessary). I'm glad that boomp and mbaker4096 were able to get theirs rates raised, but IMHO they should not have had to ask in the first place. I just verified if I got 5.01%,would have received it without asking.Did not have to ask to raise it. Everbank is more than fair. They had my cash and 4.5%is above average so I would have stayed.They probably count on some people staying after 5.01% drops at 3 months.
Derffie said:note the CD rate sticky.. apparently that posts efforts to try to avoid cluttering this board with individual posts was misguided... I posted this because it isn't really a cd or a conventional bank account. It is listed in neither place and is an interesting enough rate than it is worthy of mention. Apparently, some others agree.
GreedySaver said:how fast is the transfering in and out? can you ACH like ED, Ing or HSBC? do you lose interest doing the transfer? is it fast to open the account?
routing said:good deal. opened an account. They supposedly have a mechanism for doing in/out-bound transfer, but I'm still trying to figure out how it works. You can't directly add accounts for external transfers...supposedly you add them to the list of aggregated accounts and then someday, eventually you can begin making external transfers to these linked in accounts.
Their website is a weird variant of the same back-end service that UFB Direct, CapitalOne, and Emigrant Direct all use. It's a half-breed, stuck somewhere between an early revision of Yodlee's aggregation service and the already awkward UIs that these other banks sport.
Regarding deposits, I've only mailed checks in to date, but note that they're very liberal (in their own favor) in how they determine monthly interest. Every mailed deposit doesn't begin accruing interest for two business days after the deposit is registered. That means that if they receive the deposit on Thursday or Friday, interest doesn't begin accruing until Monday or Tuesday. I haven't asked about EFT / ACH, because I haven't been able to move funds in this manner to date.
One final note, linking to this account from my CapitalOne Savings account was an exercise in patience as well. I tried linking them up 3 times to no avail -- the trial deposits / withdrawals just never showed up. Finally called customer service to ask them what the deal was and tried it one more time while on the line with the CSR (with the same information) and the next day, the trial transfers finally went through. In contrast, I've had no troubles linking up 15-16 other accounts to my CapitalOne Savings account.
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