Emigrant Savings Bank Deposit Rate is 4.25%.
Emigrant Savings Bank in NY been offering the most attractive deposit rates of any bank for about a year now. They have been raising rates along with the Fed and now pay 4.25%, which is a pretty solid return. If I had $100,000 to either invest in a house or in cash, I’m pretty sure I would take the 4.25% return rather than risk losing 25% to 35% in the housing market.
posted by Little_Silvered at 6:56 PM
3 Comments:
Emigrant has a lot of downside exposure to the housing bubble, however; it holds a large number of home loans.
hsbc currently offers 4.80% through april.
After that it is 4.50%
Do you think that these conditions are the best? As far as I know, some banks offer higher cash back, For example, Chase Bank offers 6% cash back.
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