Emigrant Direct’s online bank targeting the Hispanic/Spanish market, BancoFortuna.com continues to offer a yield of 5.05% APY on its online savings account. On the other hand, it’s parent Emigrant Direct lowered the yield on its savings account from 5.05% to 4.75% at end of September.

I used to bank with Emigrant Direct, but with better savings rates such as Washington Mutual’s 5.00% Savings Account I’ve long since moved my funds elsewhere. It might also be a good time to lock in a good CD rate since rates are generally being lowered.