NEW YORK, May 3 /PRNewswire/ -- Emigrant Bank, the venerable New York savings institution that revolutionized the online banking world three years ago with the introduction of the award-winning EmigrantDirect.com, has announced the launch of BancoFortuna.com, the first Spanish-language Internet- only savings bank in the United States BancoFortuna.com, which seeks to help customers "grow their fortune/future," is FDIC insured and offers customers an interest rate of 5.05%, a rate substantially higher than most savings accounts in the United States. As with EmigrantDirect, there are no minimum deposits and no fees associated with the account. Customers can access their account anytime 365 days a year. Each account with Bancofortuna.com is linked to a customer's existing checking account at another bank in the United States, from which all transactions are made. To open an account at http://www.bancofortuna.com, customers must meet all normal banking requirements: be a U.S. citizen or legal resident in the U.S. and have a valid U.S. Social Security number. A valid driver's license or state identification number is also required as part of the application process. Spanish-speaking personnel are available to answer questions about the account at 1-866-395-8693. At the site, there are also answers to questions frequently asked by new customers. For those who prefer, there is an English-language option on the site. "Emigrant Bank was founded in 1850 on the premise of welcoming new people to this country. We believe that the Hispanic community has been underserved in banking options, and we want to bring this population a secure, convenient and rewarding way to grow their money especially for those who prefer to transact their banking in Spanish," said Howard Milstein, Bank Chairman. He continued, "The Hispanic community is an increasingly important part of the future of this country, like successful Americans everywhere, they work hard for their money, and we hope to be part of their success. " Founded in 1850 to serve the needs of a growing America and a dynamic immigrant population, Emigrant Bank has served generations of new Americans seeking a better way of life for themselves and their families.
SOURCE Emigrant Bank