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No. of Recommendations: 2
Right now, Emigrant has the highest listed APY on the savings account list at Bankrate.com so I was considering opening an account. I noticed that under their name they had two stars as rated by Bankrate's analytical program that assesses the financial condition of banks:


Safe & Sound CAEL rating system
Safe & Sound CAEL rating Definition Star rating
1 Superior *****
2 Sound ****
3 Performing ***
4 Below industry average **
5 Weak *
No Report Complete data not available No Report "U"
Closed Institution is closed Closed



So Emigrant is below the industry in performance? Are there rumblings in the press about its safety?

ARR
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