New EmigrantDirect Features Coming!

Here is the leet I receive from EmigrantDirect regrading my EmigrantDirect Savings Account:

Dear Customer:
Our new web site and "state of the art" new security system will be activated in June. The enchanced site reflects comments received from our customers and sets a new industry standard combining ease of use and expanded capability as well as enhanced security and protection for you and all our customers.

Our new site will also allow you to:

• Schedule, edit and view transfers
• Peform immediate transfers between EmigrantDirect accounts
• Link additional accounts
• Make changes to your account profile
• Add or chand beneficiary information
• View readily available account statements and 1099 information
• View Certificate of Deposit information
• Achieve an even highe level of security with self-created security questions

In the coming weeks, you will receive a letter in the mail advising you of our precise launch date and providing you with a secure access code which you will need to gain entry to the new site.

Please be sure that your email address and current mailing address are up to date to ensure delivery of this important correspondence concerning your account and ou new site.

EmigrantDirect Savings Account now at 5.00% APY

EmigrantDirect's Online Savings Account has boosted its rate to 5.00% APY as of July 4th, 2006. This rate is mcuh higher than ING Direct Savings Account (4.35%). I have most of my short term savings and 0% Balance Transfers in my Emigrant Direct savings account.

I also received word that EmigrantDirect is launching a new user interface for its web site. I would say currently the biggest drawback to EmigrantDirect is the crude (but functional) web site design, so if the new web site design is similar to ING Direct or HSBC Direct then all the more reason to open an account for the higher interest rate.