Emigrant Bank is an FDIC insured institution headquartered at
5 E 42nd St, New York, NY 10017.
It was founded in
1850 and has approximately $7 billion in
assets. Customers can open an account at one of its 5 branches.
|
Intro APR: 7.240 %
After Intro:7.240 % |
$0 |
| HELOC approval in 5 minutes, funding in 5 days. Borrow up to $400k online. | $0 |
| Tap Into the Equity of Your Home to Get The Cash You Need | $0 |
AmeriSave Mortgage Corporation NMLS ID: 1168 / Updated 2024-11-19 |
Home Equity Loans & Refinance – Cash out | $0 |
Upstart NMLS ID: 2443873 / Updated 2024-11-19 |
As low as 8.25% APR on your initial draw* | $0 |
District Lending NMLS ID: 598623 / Updated 2024-11-19 |
No Lender Fees | $0 |
Pure Rate Mortgage NMLS ID: 2578474 |
6.620% |
$2,023
Fees & Points
$4,010 Total
0.925 Pts ($2,960) $1,050 Fees |
Beeline Loans, Inc. NMLS ID: 1799947 |
6.965% |
$2,103
Fees & Points
$2,932 Total
0.604 Pts ($1,933) $999 Fees |
Mutual of Omaha Mortgage, Inc. NMLS ID: 1025894 |
6.973% |
$2,103
Fees & Points
$3,190 Total
0.778 Pts ($2,490) $700 Fees |
Rocket Mortgage NMLS ID: 3030 |
7.212% |
$2,156
Fees & Points
$2,800 Total
0.875 Pts ($2,800) $0 Fees |
Beeline Loans, Inc. NMLS ID: 1799947 |
Fees & Points
Total
Pts ($0) $0 Fees |
FHAloans.com NMLS ID: Not a Lender |
Fees & Points
Total
Pts ($0) $0 Fees |
Neighbors Bank NMLS ID: 491986 |
Fees & Points
Total
Pts ($0) $0 Fees |
CrossCountry Mortgage NMLS ID: 3029 |
Fees & Points
Total
Pts ($0) $0 Fees |
Veterans United Home Loans NMLS ID: 1907 |
Fees & Points
Total
Pts ($0) $0 Fees |
Top Flite Financial NMLS ID: 4181 |
Fees & Points
Total
Pts ($0) $0 Fees |
| FDIC Insured | Yes |
| FDIC Certificate | # 12054 |
| Date Established | 1850 |
| Assets | $ 6.52 billion |
| Loans | $ 4.62 billion |
| Deposits | $ 4.85 billion |
| Capital | $ 1,409.24 million |
| ASSETS | |
| Cash & Balances due from depository institutions | $ 562.77 million |
| Interest-bearing balances | $ 549.35 million |
| Total securities | $ 436.42 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 4.62 billion |
| Loan loss allowance | $ 78.58 million |
| Trading account assets | $ 0.89 million |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 4.65 million |
| Goodwill and other intangibles | $ 104.63 million |
| All other assets | $ 512.90 million |
| Total Assets | $ 5.00 billion |
| LIABILITIES | |
| Total deposits | $ 4.85 billion |
| Interest-bearing deposits | $ 4.67 billion |
| Deposits held in domestic offices | $ 4.85 billion |
| % insured (estimated) | 86.82% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 18.90 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 119.05 millionn |
| Total Liabilities | $ 5.00 billion |
| Shareholders’ Equity | $ 1,516.33 million |
| INCOME AND EXPENSES | |
| Total Interest Income | $ 332.35 million |
| Total Interest Expense | $ 145.76 million |
| Net interest income | $ 186.59 million |
| Provision for loan and lease losses | $ 19.10 million |
| Total non interest income | $ 41.72 million |
| Total non interest expense | $ 161.01 million |
| Pre-tax Net Operating Income | $ 31.36 million |
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Your current location is: Columbus, OH
Nuisance but good
June 13, 2023 |
These Emigrant subsidiaries - Dollar Savings Direct and My Banking Direct - are a real nuisance when one offers a better rate that the other will not match. Transfers are next day though. So I can transfer out of one and through Bank of America and into the other and I only lose 2 days of interest.
Trace78
December 28, 2022 |
Everyone loves to attack this one, but I've had a few of these accounts and here's the one thing I know. If I go to their site and want to transfer money from my external account, it is a same day thing. In other words I am earning interest the same day. Now, I know that it is only one account that you can link, can't run a transfer from outside, etc., etc., but this is worth something, no?
Lorraine J
December 5, 2022 |
Feels like the three cup gambling trick at tourist sites in London or Paris with all of the rate changes at different subs and not being about to move between Dollar Savings and My Savings. I also don't like the gold and foreclosed property pitches (only on websites after you log in). All that having been said, they do tend to be competitive with one of the two subs sometimes and they do not restrict online transfers (a huge problem with other banks on this list).
PatelY
October 25, 2022 |
Here is a warning. Unlike other online banks, if you try to set up an link in order to withdraw money from an external account by verifying two small deposits, it will be rejected by the bank. They only allow ACH deposits.
IsabellaTrans
October 11, 2022 |
Not great service, but all I need is access and the ability to transfer money with no limits and this one fits the bill nicely.
Jack the ripper 01
September 21, 2022 |
I am excited to see DSD as the first online bank to cross the 3% barrier. I have been an account holder on-and-off with this one from many years. I am aware of all of the comments about Emigrant Bank and their tactics. They have a history of playing among their brands - lower or holding one rate constant while raising another - and it is a real nuisance. But, that happens over months and years and usually not immediately (they aren't going to raise the rate to 3% today and lower it to 2% tomorrow, or at least that type of action isn't in their history). You can benefit from their higher rates as long as you continue to pay attention. And, the best thing is that if it becomes uncompetitive, you get out in two clicks (unlike Synchrony or Bread Savings or Rising Bank and Valley Direct that make it a full time job to get out).