Jump to content
Sign in to follow this  
reeses16

Savings: GMAC/ Dollar Savings Direct

6 posts in this topic

Recommended Posts

Filed: Citizen (apr) Country: Ethiopia
Timeline

Ever since my bank was bought out, the interest has been creeping lower. It was 4%, now its 2% and I figure it will continue until it reaches the 0.10% - the rate that new bank offers its own customers. So I've been looking around and I'm curious to hear if anyone has experience with GMAC (3.75%) or Dollar Savings Direct (4%).

GMAC: http://www.gmacbank.com/index.html

Dollar Savings Direct: https://www.dollarsavingsdirect.com/DollarS...ctWeb/index.jsp

Share this post


Link to post
Share on other sites
Filed: Country: United Kingdom
Timeline

I'd go with Dollar Savings. Both are FDIC-insured, but Dollar has a higher APY and it's

an online division of a real brick-and-mortar bank (Emigrant Savings Bank - the oldest

savings bank in New York City), whereas GMAC will probably go out of business pretty soon.


biden_pinhead.jpgspace.gifrolling-stones-american-flag-tongue.jpgspace.gifinside-geico.jpg

Share this post


Link to post
Share on other sites

I personally am a fan of ING Direct having used them in both Australia and the UK before the US.

I am not providing financial advice, just anecdotal personal experience.

Edited by DairyFarmer

Share this post


Link to post
Share on other sites
Filed: Citizen (pnd) Country: Mexico
Timeline

we r with USAA


05/01/08 Green Card in mailbox!!

06/05/10 Real GREEN Card RECEIVED!

01/17/13 Sent application for US Citizenship!!!

01/19/13 Arrived to Arizona Lockbox

01/24/13 Notice of Action

01/25/13 Check cashed

01/28/13 NOA received by mail and biometrics letter mailed as per uscis.gov

02/14/13 Biometrics appointment

03/18/13 In-line for inteview

Share this post


Link to post
Share on other sites
Filed: AOS (apr) Country: Philippines
Timeline
I'd go with Dollar Savings. Both are FDIC-insured, but Dollar has a higher APY and it's

an online division of a real brick-and-mortar bank (Emigrant Savings Bank - the oldest

savings bank in New York City), whereas GMAC will probably go out of business pretty soon.

I have an account with DSD and an happy so far... They currently do not offer checking accounts, and only your first deposit can be via check, otherwise you need to "link" a checking account at another financial instituition to it for money movement. The only recently rolled out a CD product.

I do not know if GMAC bank will suffer the misfortunes assocatiated with GMAC or not... regardless as long as the FDIC is solvent, their should be no particular difficulty if something catastrophic happens to them

Parent company ING is reportedly having difficulty as well, and required intervention by the Dutch governemnt... Again, unsure how that will affect its US based ING Direct banking operation which is insured by the FDIC.


YMMV

Share this post


Link to post
Share on other sites
Filed: Citizen (apr) Country: Brazil
Timeline
we r with USAA

:thumbs: a very good choice.


* ~ * Charles * ~ *
 

I carry a gun because a cop is too heavy.

 

USE THE REPORT BUTTON INSTEAD OF MESSAGING A MODERATOR!

Share this post


Link to post
Share on other sites
 

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  
- Back to Top -


Important Disclaimer: Please read carefully the Visajourney.com Terms of Service. If you do not agree to the Terms of Service you should not access or view any page (including this page) on VisaJourney.com. Answers and comments provided on Visajourney.com Forums are general information, and are not intended to substitute for informed professional medical, psychiatric, psychological, tax, legal, investment, accounting, or other professional advice. Visajourney.com does not endorse, and expressly disclaims liability for any product, manufacturer, distributor, service or service provider mentioned or any opinion expressed in answers or comments. VisaJourney.com does not condone immigration fraud in any way, shape or manner. VisaJourney.com recommends that if any member or user knows directly of someone involved in fraudulent or illegal activity, that they report such activity directly to the Department of Homeland Security, Immigration and Customs Enforcement. You can contact ICE via email at Immigration.Reply@dhs.gov or you can telephone ICE at 1-866-347-2423. All reported threads/posts containing reference to immigration fraud or illegal activities will be removed from this board. If you feel that you have found inappropriate content, please let us know by contacting us here with a url link to that content. Thank you.
×
×
  • Create New...