As of 2015, Emigrant Direct offers a single consumer banking account called the American Dream Savings Account and two types of credit accounts. Credit cards that Emigrant Direct offers include the Visa Signature Bonus Rewards Card and the Visa Signature Bonus Rewards Plus Card.
Emigrant Direct requires its American Dream Savings Account holders to link their savings accounts to another bank's account; customers can make the initial deposit to open the account by check. Interest on the American Dream Savings Account compounds daily, and the bank credits it monthly. American Dream Savings Account holders must retain a minimum balance of $1,000 to earn the bank's advertised annual percentage yield, 0.50 percent as of May 2015.
Emigrant Direct's Visa Signature Bonus Rewards Card credit option features a 0.0 percent introductory APR for purchases and balance transfers during the first six billing cycles. After that, the bank assesses a variable APR between 9.99 percent and 20.99 percent. The Visa Signature Bonus Rewards Plus Card offers account holders the same deal, but with a 0.50 percent bonus on rewards points that they can spend on travel rewards and gift cards. Unlike the simple Rewards Card, the Rewards Plus Card comes with a $50 annual fee.