Is EmigrantDirect safe?
Yes, as a division of Emigrant Bank, EmigrantDirect is FDIC insured (FDIC# 12054). The federal government protects your money up to $250,000 per depositor, for each account ownership category, in the event of a bank failure.
What is an american dream savings account?
The American Dream Accounts Act authorizes the Department of Education to award three-year competitive grants to partnerships between school districts, charter schools, institutions of higher education and non-profits with experience in educational savings to provide comprehensive support, guidance and direction for ...
Who owns Emigrant Direct?
Owners. The Milstein family owns the bank; Howard Milstein is Chairman, President & Chief Executive Officer of New York Private Bank & Trust, the bank holding company for Emigrant Bank. In July 2012, the sale of 30 branches to Apple Bank for Savings was announced.
How do I cancel my Emigrant Direct account?
How to Close an Emigrant Direct Account
- Wait until the start of a new month. Emigrant Direct compounds interest on a daily basis, but it only deposits the interest into your account on the last day of the month. ...
- Initiate a money transfer to your regular bank account from within your Emigrant Direct account. ...
- Tip.