Online banks have lower costs because the automation of the internet allows them to hire very few account representatives. Emigrant Direct is based in New York and competes with VirtualBank, NetBank, ING Direct, Everbank, and other online banks. Below you will find a review and background information on Emigrant Direct.Current RatesEmigrantDirect is currently paying 0.50% APY on their savings accounts.You can find much higher yields by clicking on our savings accounts chart.Emigrant Direct … [Read more...]