WT Direct Gives Depositors a Bonus of $150 in Their Savings
August 24, 2009 by Banker
Filed under Account Interests, Interest Based Investments
WT Direct Gives Depositors a Bonus of $150 in Their Savings
If you are wondering where best to put your extra money and gain some earnings, then opening a savings account care of WT Direct would be a great choice. This is so because WT Direct offers a cash bonus for your savings.
It is very easy to achieve. Just open a WT Direct savings account of not less than $50,000 before 31 July 2009 and have it stay there till 31 October 2009. If you can that, you will be receiving an additional $150 in your savings account. WT Direct, in case you are not familiar yet, is Wilmington Trust’s online banking division headquartered in Wilmington Delaware.
If however you do not have a savings account as big as $50,000, you would still have the chance to earn cash rewards. This is because the cash bonus you will get will be based on your account’s balance from the beginning of the promo period which is July 31, 2009 to its end which is on October 31, 2009. To illustrate, the tiered bonuses will be at $25 for a minimum deposit of $10,000. For every other $10,000 added to the savings account, another cash bonus of $25 will be also be added. Therefore, your $20,000 will give you a bonus 0f $50, your $30,000 give you additional $75 and a bonus of $100 for a $40,000 savings deposit.
WT Direct Gives Depositors a Bonus of $150 in Their Savings
On top of this great bonus is a 1.76% current yield given by WT Direct on the account balance for the first sixty days. However, should your account falls under $10,000 after the opening period of the offer, your APY would only be a pittance of 0.15%.
The APY offered by WT Direct alone is good enough to interest many prospective depositors since it is high compared to the others. The cash bonus is just an icing in the cake. To find out for yourself if you are indeed getting a good deal, you may want to compare this cash bonus offer to other great money market account and savings rates from other banks which counts to hundreds already all to be found in our data base.
For your further information, WT Direct’s 1.76% annual percentage yield (APY) offered to depositors is known to be one of the highest in the online banking market. Additionally, the online banking also offers a no minimum deposit and no maintenance fees requirement when opening an account. All WT Direct savings accounts are insured under FDIC for up to $250,000. It also offers 0% liability on transactions that are not authorized. This makes the funds you deposit absolutely safe.
To those who failed to do deposit before July 31, 2009, there is good news for you. You still have the chance of earning an additional $150 by depositing not less than $50,000 in WT Direct online banking. Their cash bonus promo has been extended through August 15, 2009. You should let your account stay deposited for three months to be able to claim the bonus. Since this promo is for a limited time only, it is to ideal to do your savings now.
Popularity: 5% [?]
Investing in a Recession – Top Certificate of Deposit Rates
April 14, 2009 by Banker
Filed under Certificate of Deposits Investments
The top investment right now during our economic downturn has been an old classic, the Certificate of Deposit. A Certificate of Deposit is also known as a CD, and is one of the most popular and common private investments. Individuals who are seeking a safe investment often turn to a Certificate of Deposit, or Certificate of Deposits for their security. A Certificate of Deposit can vary in range, lower investment Certificate of Deposits are valued as low as $1,000, while there are higher Certificate of Deposits valued as high as $100,000. The higher amount invested in a single Certificate of Deposit the higher the interest rate return the investor will receive.
What makes Certificate of Deposits so secure is that they are FDIC insured up to $100,000.
Some great 36 month Certificate of Deposit Rates
The GMAC Bank is currently offering a 3.20% APY with only a $500 minimum investment
| Balance | Rate | APY |
|---|---|---|
| $0 – $499.99 | 2.23% | 2.25% |
| $500 – $4999.99 | 2.23% | 2.25% |
| $5000 or more | 2.23% | 2.25% |
Discover Bank is also offering an amazing 36 month Certificate of Deposit rate
3.10% with a minimum investment of $2500
| Discover Bank | National Average | ||
|---|---|---|---|
| Term | Interest Rate | APY2 | APY3 |
| 3 Months | 1.25% | 1.25% | 0.67% |
| 6 Months | 1.74% | 1.75% | 0.94% |
| 9 Months | 1.89% | 1.90% | 1.03% |
| 12 Months | 2.33% | 2.35% | 1.22% |
| 18 Months | 2.33% | 2.35% | 1.25% |
| 24 Months | 2.72% | 2.75% | 1.35% |
| 30 Months | 2.72% | 2.75% | 1.29% |
| 3 Years | 3.06% | 3.10% | 1.54% |
| 4 Years | 3.20% | 3.25% | 1.79% |
| 5 Years | 3.54% | 3.60% | 2.06% |
| 7 Years | 3.64% | 3.70% | 1.99% |
| 10 Years | 3.93% | 4.00% | 1.98% |
Popularity: 5% [?]
SHORT-TERM TREASURY SECURITIES
April 13, 2009 by Banker
Filed under Investment Tips
SHORT-TERM TREASURY SECURITIES
The desire for safe investments has been so strong that the yield on short term treasury securities have been increasingly lower. Yet the short term securities are being eaten up by investors, being paid (at times) less than 1% on short term investments, and happy to do so. While this may be a great solution for storage of assets for short term gains, the yields are too low… Longer term investors are better set to avoid Treasury bonds.
Short-Term Treasury Bond and Short-Term Treasury Securities are the safest place for your money right now, but it’s not a secret.
It is the safety in these Treasury bonds and securities that are keeping investors buying and keeping the Treasury yields so low. Yet for many investors trying to recoup some of their lost assets these short term securities can be a great solution, but it is advised against purchasing long term Treasury securities, as the yield is expected to increase over the next several months.
Popularity: 4% [?]
