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Emigrant Direct raises interest rate

This news is a little late. Emigrant Direct raised their interest rate to 4.50% last week. This gives their online saving account the highest non-promotional interest rate. Ing Direct pays 4.75% and HSBC is paying 4.8%, but both of those are promotional rates which will be ending soon. It will be interesting to see what they set their rates at after the promotional period ends. Don’t forget their is a $10 bonus available for opening an Emigrant Direct online savings account.

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