Posted: 4/20/2006 6:29:47 PM EDT
| I'm going to open a savings account with one of these, I've read good things about ING on here, but I'm wondering if anyone has any opinions of Emigrant-Direct? Are they trustworthy? |
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I have a small account with EmigrantDirect, and I also know several others that do. While the interest rate is great, none of us have been able to login to their online site since last October due to a problem with their "Forgotten Password System Signup System." I don't exactly know what that is, but without it you can't login. Also, none of us have received a single 1099 yet from Emigrant. Make sure you save your last paper statement of the year for your taxes. The two times I tried their phone support the several Mexican women I talked to had never heard of a 1099. That's scary. Also, since their online site doesn't work you can't add money to your account. Make sure you transfer as much as you can initially because of that problem. Since I haven't tried to take money out of my account yet, I have no idea how hard it is to get your money back from them. Other than that, it's great. They are a hassle to deal with, but considering they're currently paying 13.2 times the interest rate that my Wachovia checking account currently is, it's worth the extra hassle.z |