I agree that they offer the highest interest rates, ING in Canada offers a 3% interest savings account, tax free interest on the first $5,000 deposited annually called the Tax Free Savings Account. Other banks such as Bank of Montreal, TD, CIBC, Scotia , etc. offer these accounts as well and the interest rates vary from 1% to 2% as well, which are quite high as well. Some higher than Amtrust or Emigrant. Does that also mean that these banks could be on the verge of collapse as well? -----Original Message----- From: piclist-bounces@mit.edu [mailto:piclist-bounces@mit.edu] On Behalf Of Funny NYPD Sent: December 5, 2009 8:33 PM To: Microcontroller discussion list - Public. Subject: Re: [OT]Amtrust Bank was closed yesterday. those are the three most popular bank offer very high interest rate (compare with regular bank, such as BOA) through online banking service. Amtrust has a "Amtrust Direct" online banking service, which is similiar to ING Direct and Emigrant direct service. By the way, Amtrust has been the fourth largest bank being shut down by FDIC since the beginning of this year. Funny N. Au Group Electronics, http://www.AuElectronics.com http://www.AuElectronics.com/products http://augroups.blogspot.com/ ________________________________ From: Lucas To: Microcontroller discussion list - Public. Sent: Sat, December 5, 2009 7:56:20 PM Subject: RE: [OT]Amtrust Bank was closed yesterday. I don't think you can put ING Direct in the same league as AmTrust and Emigrant direct. ING Direct is multi national (in 40 countries), AmTrust has/had branches located in 6? states and Emigrant which is the largest bank in New York, but has no branches anywhere else. -----Original Message----- From: piclist-bounces@mit.edu [mailto:piclist-bounces@mit.edu] On Behalf Of Funny NYPD Sent: December 5, 2009 8:36 AM To: piclist@mit.edu Subject: [OT]Amtrust Bank was closed yesterday. Regulators shut AmTrust Bank in Ohio, 5 others, for more news, please refer to: http://apnews.excite.com/article/20091205/D9CCUQUO0.html http://www.fdic.gov/news/news/press/2009/pr09222.html Amtrust has been on the bank market for many years, and it is famous for high deposit interest rate. Check it out if you got deposit in this bank. Not sure for the future of other "High deposite interest rate banks", such as ING Direct, Emigrant direct, etc. Funny N. Au Group Electronics, http://www.AuElectronics.com http://www.AuElectronics.com/products http://augroups.blogspot.com/ -- http://www.piclist.com PIC/SX FAQ & list archive View/change your membership options at http://mailman.mit.edu/mailman/listinfo/piclist -- http://www.piclist.com PIC/SX FAQ & list archive View/change your membership options at http://mailman.mit.edu/mailman/listinfo/piclist -- http://www.piclist.com PIC/SX FAQ & list archive View/change your membership options at http://mailman.mit.edu/mailman/listinfo/piclist -- http://www.piclist.com PIC/SX FAQ & list archive View/change your membership options at http://mailman.mit.edu/mailman/listinfo/piclist