This review is for: Premier Savings
Presidential is a real enigma. They have a real, full-featured internet savings account, I've heard great things about them, and they seem to be a pretty solid bank. But when I dropped by the site to check them out I found one of the worst websites I have ever seen. I don't think they've spent a dime on their website since 1995. I was about to make a joke along the lines of "at least they don't have flashing text on their homepage"...but they do...
Given everything I had heard, I felt obligated to dig a little deeper. I got a CSR on the line to find out more. She was a very nice woman, and very knowledgeable about the account, but I got the sense that she was in the midst of a pretty intense game of solitaire when I called - luckily she was a pretty good multi-tasker.
She confirmed what I had heard elsewhere - that the Premier Savings account is a legitimate internet product - complete ACH system (albeit low transfer limits), wires and mailed checks accepted as deposits, online application and statements, and only a soft credit check. She even mentioned that they have email notification of deposits - something I haven't heard of from other internet banks.
I hung up the phone no less confused. Here was a real, modern internet savings account hidden behind the veil of a 1995 website. And unfortunately that was just enough to stop me.
Posted by fightingirish80 -- March 21, 2009
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