I just got work that Emigrant Direct has lowered the interest rate offered on the bank’s savings account from an APY of 5.15% to 5.05%. This trend might continue, so those who want to lock in high rates may want to start transferring any cash they won’t need for some time into CDs or other investments.

Updated February 6, 2012 and originally published September 29, 2006. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @flexo on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes, also known as Flexo, is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow Luke Landes on Twitter. View all articles by Luke Landes.

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