Emigrant Direct
I saw an ad for a company/bank just now called Emigrant Direct, a division of a larger banking entity called Emigrant Bank, whom I’d never heard of before, which offers a seemingly good deal on a low annual fee cash back Mastercard for bank members, as well as a new 5% CD with any maturity from 6 months to 10 years.
A CD is a Certificate of Deposit, a relatively safe, but low return investment that is somewhat long term, depending on the length of time the holder decides to keep it - but the longer the holder doesn’t cash it in, the more money the holder gets in return).
They also offer what they call the “American Dream Savings Account” which is a fairly high yield savings account at up to 4.65% (I’d read the fine print though), and no annual fee.
Looks like it might be worth taking a look at if it’s something that’s up your alley, and you’re in the market for the particular financial services that this online bank (FDIC approved) offers.
