There is a 2.00%APY online savings rate that is offered by Dollar Savings Direct, an online banking division of Emigrant Bank. The rate it offered is above the national average and is very competitive.
There are no hidden cost, no fees, no penalties and no service charges. involved when opening the account but $1,000 is the account balance minimum requirement.
Emigrant Bank is FDIC insured and has 35 branches in the New York metropolitan area.
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