Question about EmigrantDirect

[ironxman99]

I just transferred from ING. So once they take your initial deposit, does it immediately start accruing interest in your ED account, even though I can't login and see it yet? (I have to wait for snail-mail info to log into the site).

Also, does emigrant show day by day how much you are accruing?

Thanks in advance.

 

[ironxman99]

up

 

[akubi]

yes.

no.

you're welcome.

 

[Sparke]

The initial transfer starts accruing interest immediately even though you can't see it yet.

For normal transfers, it takes about 2-3 business days to clear my checking account and show up in Emigrant. I imagine as soon as you authorize the transaction it starts accruing interest.