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MyBankTracker rating based on the following criteria that includes customer reviews, financial health, bank fees and other key factors compared to the other banks.
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About the Bank

MySavingsDirect is an online division of Emigrant Bank. Emigrant Bank was founded by Irish emigrants as a mutual savings bank in 1850. By the 1920s it had grown to become the largest savings bank in the nation.

MySavingsDirect Fees

  • National Average
  • Monthly Inactivity $0 $6
  • Non-Sufficient Fund (Overdraft) N/A $30
  • Stop Payment item N/A $27
  • Return Deposit N/A $13
  • Domestic Wire Transfer (Outbound) N/A $22
  • Domestic Wire Transfer (Inbound) N/A $10
  • Non-Bank ATM N/A $1.0

Latest Customer Reviews

    Reviewed By john0099adam Oct 21, 2015

    Lousy on-line bank

    Not a very good bank for on line banking. They need to learn on-line banking from other successful on-line banks in order to provide better service.

    The yield is comparable.

    They do not allow you to deposit checks by mail unless the account is linked to your account at MSD meaning that you can deposit checks only if they are from a bank linked to MSD bank (limited to 2 banks). So, you would not be able to deposit checks given to you by your friends, relatives, refund check from a company, tax refund check, social sec check, etc. So far I have not seen any on-line bank that prevents customers from depositing checks by mail (we are not talking about on-line transfers) so long as it is made out to the account holder.

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