The summer has been bringing out a number of sweet deals. I’m noticing a few companies reviving their seasonal promotional programs; they’re working to lure customers to their side with enticing offers, either through discounts or in this case, through cash bonuses (which for a while, seemed to go on hiatus for a little bit). Well, this isn’t the first time that WTDirect, that online bank known for catering to high balance clients, is offering a tempting sign up bonus for new customers. From now until the end of this month (July 31), you’ll be eligible to receive a cash sign up bonus of up to $150 if you open a WTDirect savings account.
Here are some particulars on the WTDirect Savings Account and the online bank behind it, for those in the market for a savings account:
WTDirect Bank Account Features
- There are no fees.
- There is no minimum balance required to open an account.
- There’s FDIC insurance, as expected.
- WTDirect High Yield Savings Account sports an interest rate that’s among the highest around; its rate is consistently among the top 5% of banks in the nation.
- WTDirect belongs to the Wilmington Trust family of companies, which has a strong reputation that’s lasted over a century.
WTDirect Savings Account Rate Table
If you can maintain a high balance in your savings account, then WTDirect could be a good option for you. While there is no minimum deposit required in order to open an account, you’ll need to keep at least $10,000 in the WTDirect Savings Account in order to receive their highest 1.26% APY return. Here are the details on their interest rate: you’ll initially earn 1.26% APY (the highest return possible) for the first 60 days from the time you open your account; after 60 days is up, your interest rate will be based on how large a balance you keep.
| Balance | APY | Timing |
|---|---|---|
| $1 and up | 1.26% | Effective from 0 to 60 days your account has been open. |
| $10,000 and up | 1.26% | Takes effect after 60 days from the time your account was opened. |
| Under $10,000 | 0.15% | Takes effect after 60 days from the time your account was opened. |
How To Earn the Cash Bonus
Here are the details for earning the sign up bonus, which is only available to new customers:
- Open a WTDirect High Yield Savings Account. Visit this link to apply for an account.
- Fund your account with at least $10,000 by the end of the month (July 31).
- Keep your funds in your WTDirect account through October 31. Your account must remain open and in good standing during this time.
- Earn a cash sign up bonus of up to $150 based on these parameters:
- $50,000 balance earns a $150 bonus
- $40,000 balance earns a $100 bonus.
- $30,000 balance earns a $75 bonus.
- $20,000 balance earns a $50 bonus.
- $10,000 balance earns a $25 bonus.
- Your bonus will be credited to your account on or around November 20, 2009.
That’s it! Happy saving folks! 
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{ 2 comments… read them below or add one }
Looks good if you’ve got a large enough deposit. I wish I had the money.
I don’t like the way they only offer these deals to new customers. Why don’t they reward existing customers. I think that if you can make money through a bank at the minute you are doing well.