If you’re looking for a good high interest savings account, you may want to read more about what WTDirect is offering. We discuss this bank and online savings account features below. The current rate for their High Yield Savings Account stands at 1.26%, subject to certain conditions. You can also check here for more details.
WTDirect is one of the online banks we’ve been covering, and if you’re looking for a solid online savings account, you can take a look at WTDirect High Yield Savings Account, which currently returns a safe 1.26% APY. Now WTDirect accounts are usually a good choice for high value account holders, since WTDirect’s rates and bonuses typically apply to those carrying large balances.
WTDirect is the online banking arm of Wilmington Trust, which is considered as one of the more solid banks around. Following are some of the reasons why it’s a great bank to consider for your funds.
WTDirect High Yield Savings Account Features
1. High interest rate.
A WTDirect high yield savings account earns an annual 1.26% return with a few caveats. You can open a WTDirect account with any amount — no minimum balance is required. For the first 60 days, you’ll earn 1.26% on your money. But after 60 days, if your account balance falls under $10,000, your APY will be readjusted to 0.50%, otherwise, the APY stays at 1.26%.
2. A safe and solid online banking choice.
Note that Wilmington Trust does not carry subprime mortgage debt and is one of those banks that avoided the mortgage crisis in this respect. If you’re looking for a stable place to put your money, this bank account is an excellent option.
3. Your account is FDIC insured.
It goes without saying that your account is insured by the FDIC and backed by the government for up to $250,000 per account.
4. Great customer service and site usability.
They score well on customer support, site usability and overall service.
5. No minimum requirements and no fees.
You only need $1.00 to open an account and even so, you won’t be charged any fees for maintaining a very low balance. But take note of the particulars we mention above: the rate you will earn will depend on the amount in your balance.
If this all sounds good, you can open an account here!
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Cool program. I used to work for GE Capital. They are one of the best companies I’ve ever worked for in terms of stuff that they offer their employees. I found out about GE Interest Plus there and have been a dedicated member ever since. It’s a high yield checking account. It is NOT FDIC insured (at least it didn’t used to be), but is backed by GE, triple A rated, and one of the top 5 or so market caps in the world. Basically, you’re money is good with them.
Plus there is a floor rate that is good for low balances, but you get more as you deposit more. Check it out here. GE Interest Plus.
All the best this holiday season!
Joe