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No. of Recommendations: 2
Right now, Emigrant has the highest listed APY on the savings account list at 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?

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